大学外贸英语chapter 10 Exchange Rate and International Trade.ppt

Chapter 10Exchange Rate and International Trade汇率与国际贸易汇率与国际贸易What is exchange rate?How many types of exchange rate system do you know?How does exchange rate interact with international trade?New words•1. concern n. 所关切的事2. conversely adv. 相反•3. quarter-century n.a. 四分之一世纪(的)•4. largely adv. 主要地•5. to witness vt. 目睹•6. to disrupt vt. 破坏，瓦解•7. pegged 钉住的•8. to utilize vt. 利用•9. disorderly a. 无序的，混乱的•10. reckless a. 粗心大意的，不顾后果的•11. conduciveness n. 有助性，益处•12. upwards adv. 向上(反义词为downwards)•13. elsewhere adv. 在别的地方•14. consequently adv. 因此，所以Economic Terms•1. exchange rate 汇率(定义见课文)•2. foreign currency 外币•3. fixed exchange-rate 固定汇率•4. floating exchange-rate 浮动汇率•5. foreign exchange market 外汇市场(an international market in which foreign currencies are traded)Economic Terms•6. international reserves 国际储备(referring to some of a central bank’s holdings of assets denominated in a foreign currency)•7. central banks 中央银行(A central bank is a government’s bank, bankers’ bank and an issuing bank.)•8. balance of payments 国际收支•9. trade surplus 贸易顺差(Exports exceed imports. 其反面为trade deficit)Useful Phrases and Idiomatic Expressions •1. in terms of 用……来表述，就……方面而言•2. to rise against 某货币对……汇率上升(反面为to fall or sink against 其货币对……汇率降低)•3. to be sharply divided among 在……中分歧很大•4. to clear the market of sth. 将市场上的……除掉•5. conduciveness to 有助于•6. to adjust upwards 上调•7. by more or less the same token 或多或少地出于同样理由•8. with a view to (doing sth.) 以(做……)为目的•9. in consideration of 考虑到•10. to yield to 向……屈服(allowing oneself to be influenced or persuaded by)•11. in the foreseeable future 在可预见的未来Useful Phrases and Idiomatic Expressions Notes•1. the renminbi 人民币•一般小写在前加the,再如the euro “欧元”。

有时作为货币名称，中国与西方也用yuan表示同样的意思)•2. balance-of-payments position (BOP position)国际收支状况（头寸）•3. in pressuring sb. to （do sth.）在让某人做某事方面施压(此处名词pressure当动名词用)NotesDefinition of Exchange Rate•Exchange rate or rate of exchange means price of one currency in terms of another. •It is normally expressed in terms of how many units of the home country’s currency are needed to buy one unit of a foreign currency. •The fixed exchange-rate system•The floating exchange-rate systemTypes of Exchange Rate Systems•Major arguments▫simplicity▫continuous adjustment▫independent of domestic policies▫reduced need for international reserves▫disorderly exchange markets▫reckless financial policies on the part of governments▫conduciveness to price inflation.About the floating exchange-rate system•Exchange-rate changes have a direct impact on trade, and balance-of-payments position of a country.•The yuan’s exchange rate against the dollar will be kept basically stable, at least in the foreseeable future.Impacts of Exchange-rate Changes on Trade• Do financial experts have unanimous opinions on the floating exchange-rate system?•What is the meaning of international reserves?•What is a central bank? What are their main functions?•Why are some countries putting pressure on China to revalue its currency?•Why is China not yielding to foreign pressure for revaluing yuan shortly?This is the end of Chapter 10。