In the floating exchange rate, the goldparity has lost practical significance, the official exchange rate also only plays a reference function.
在浮动汇率下,金平价已失去实际意义,官方汇率也只起某种参考作用。
2
Officials concluded that the fight to keep the pound at goldparity was no longer worth the loss of additional gold and foreign exchange reserves.
官员发现保持英镑与黄金平价已经不能弥补黄金以及外币储备的流失了。
3
By devaluing against gold, their money also became cheaper against currencies that kept their goldparity, giving domestic producers a cost advantage over many foreign firms.