Our measure of the real exchange rate, which we will regularly update,offers a more direct measure of competitiveness by looking instead at unitlabour costs: the price of labour per widget.

我们计算实际汇率采用了一种我们会经常更新的办法，这种方法提供了一个更为直接的衡量竞争力的方式，即，通过关注单位劳动力成本的方式来衡量：每一单位劳动工具下劳动力的价格。

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The choice of exchange rate system has a direct impact on the effectiveness of a country's macroeconomic policy.

汇率制度的选择直接影响一国宏观经济政策的效力。

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Systematically studied RMB real effective exchange rate fluctuations on the economy of Xinjiang and the direct impact of indirect impact.

系统地研究人民币实际有效汇率波动对新疆经济的直接影响与间接影响。

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