Europe started a long process towards monetary union, via an exchange-rate mechanism, which resulted in a single and free floating currency 30 years later.
欧洲开始了通过一项汇率机制迈向货币统一的漫长过程，30年后，它们拥有了一种自由浮动的单一货币。
2
The softer language reflected a recognition of China's efforts to free up the yuan's exchangerate.
此次的温和措辞表明，中国在人民币汇率上所做的努力得到了IMF的认可。
3
It also managed to narrow the gap between the official exchangerate and the price of the dollar in the free market.