There are two broad types of exchange rate regimes: the Fixed exchange rate regime and the Flexible (Floating) Exchanges rate regime.

汇率制度可以分为两种类型：固定汇率制度和浮动汇率制度。然而实际上存在着多种不同的中间状态的汇率制度。

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One of the most debated issues in international economics concerns the choice ofexchange rate regime and the 'pros' and 'cons' of fixed versus flexible or floating exchange rates.

在国际经济事物中最具争议的问题之一是关于选择多种交换的汇率制度以及优点可缺点混杂的固定与灵活的浮动汇率。

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Although China moved to a slightly more flexible exchange-rate regime last year, the central bank still restricts the yuan's trading band to a narrow 0.3% each day up or down against the dollar.

虽然中国去年略微提高了一些其汇率制度的灵活性，但中国央行仍将美元兑人民币汇率的日升降幅度控制在0.3%以内。

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The Chinese authorities have substantially reduced the level of official intervention in exchange markets since the third quarter of 2011, and China has taken a series of steps to liberalize controls on capital movements, as part of a broader plan to move to a more flexible exchange rate regime.

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Milton Friedman and others reminded us decades ago that such internal adjustments necessary to reverse an external deficit were ultimately the same under a gold standard, flexible exchange rates, or some hybrid exchange rate regime.

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