Otherwise, as explained above, if the currencies of two different countries are freely floating, as one country expands its money supply, its currency will fall in price against its paired currency.

否则就会像前面所述，如果两国间的货币是自由浮动的，如果一国扩张其货币供给量，该国货币价格相对于另一国家就会下降。

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But the lesson from both crises was: don't borrow from Banks at floating interest rates and don't borrow in somebody else's currency.

从两次危机里得到的教训是：不要以浮动利率从银行借贷，而且不要以他国货币借贷。

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The Smithsonian Agreement collapsed after 14 months and an AD hoc quasi-floating currency emerged.

14个月之后，史密森协议崩溃，同时实行特别准浮动货币。

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The second method is to take a figure close to where the floating currency is presently trading.

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The floating currency experiment will eventually be revealed for what it is: smoke and mirrors, obfuscating our long downward trek into poverty.

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Yet now interest rates have gone even higher (this week the central bank raised the overnight rate from just under 30% to 32%), in order to stop the floating currency from sinking out of sight.

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