1ADJ-GRADED [usually ADJ n]（尤指地位）高的，显要的;重要的 Someone or something that is at an exalted level is at a very high level, especially with regard to rank or importance. （尤指地位）高的，显要的;重要的 [formal]
...at the exalted level of Olympic competition.
属于奥林匹克竞赛的高水平
You must decide how to make the best use of your exalted position.
你必须弄清楚如何充分利用自己显要的地位。
2ADJ-GRADED [usually verb-link ADJ]兴高采烈的;得意洋洋的 If you feel exalted, you feel full of great joy and happiness. 兴高采烈的;得意洋洋的 [formal]
You do get very excited and exalted by the power of their speeches.