A-Level经济浮动汇率考点真题解析

A-level经济课程对于不少中国考生来说是有难度的，尤其是那些生涩难懂的考点，下面新航道重庆学校alevel经济学习老师就给大家分享下“A-Level经济浮动汇率考点真题解析”内容。

Floating Exchange Rates

A floating exchange rate is one determined by the market forces ofdemand and supply.

浮动汇率是由市场供求力量决定的。

Definitions:

·Exchange rate - value of a currency expressed in terms of another currency. (ln other words: price of the currency in terms of another currency).

汇率:一种货币相对于另一种货币的价格

.Floating exchange rates (system) - when the exchange rate of a currency is determined by the supply and demand for that currency.

浮动汇率制度:一种货币的汇率由该货币的供需决定。

·Appreciation(ofa currency) - occurs when a currency increases in value against another currency, i.e. it can buy more of another currency.

货币升值: 用相同数量的货币换取到的另一种货币的数量变多。

·Depreciation (of a currency)- occurs when a currency loses value against another currency, i.e. it can buy less of another currency.

货币贬值: 用相同数量的货币换取到的另一种货币的数量变少。

Changes in Floating Exchange Rates

2 diagrams showing an appreciation in the floating exchange rates:

2 diagrams showing a depreciation in the floating exchanges rates:

Students need to know the following factors affecting supplv/demand of currencies and hence, their floating exchanges rates:

学生需要了解以下影响货币供应/需求的因素，进而了解其浮动汇率:

·Foreign demand for a country's export (外国对本国出口商品和服务的需求) :

Foreign demand for a country's export increases. To buy larger quantities of that export foreigners must have more of that country's currency. So,the demand for the exporting country's currency increases and hence,its currency appreciates.(Diagram 1) olf the demand for a country's export decreases, the demand fol that country's currency will fall and therefore, the currency wil depreciate.(Diagram 3)

·Domestic demand for foreign imports (本国对进口商品和服务的需求):

Demand for a foreign import increases. To buy more of that import people need to get more of that country's currency. To acquire that currency, they must sell their own currency. Supply of domestic currency increases and hence,it depreciates.(Diagram 4) olf the demand for a foreign import decreases, the domestic currency will appreciate because less of the foreign currency will be needed and so the supply of the domestic currency will decrease(Diagram 2).

·Relative interest rates (相对利率)

olnterest rates in country A are higher than interest rates in country B -> people of country B want to keep their money in country's A banks, hence thev require more of country's A currency Demand for country's A currency increases and it appreciates.(Diagram 1) Also，people living in country A might supply less currency to earn a higher interest in their domestic banks, hence the supply of the currency decreases and it appreciates.(Diagram 2) .

lnterest rates in country A are lower than interest rates in country B -> people in country A want to keep their money in country's B banks offering higher interest so they start purchasing more of their currency by selling more of their own. Supply of country A currency increases and it depreciates.(Diagram 4) Also foreigners might decide to keep more of their money in country's Bbanks and so demand less of country's A currency. Demand falls and country's A currency depreciates.(Diagram 3).

题干里的关键词: floating exchange rate system,depreciate,cause浮动汇率体系里让货币贬值的因素有很多，学生需要注意: 写出“one demand factor” and “one supply factor 即可。

解题核心思路: 浮动汇率体系里货币贬值无非是因为 a decrease in the demand for the currency and/or an increase in the supply for the currency，只要顺着这个思路去找相关的原因再配上正确的图像便可轻松拿捏这道题。

以上就是关于“A-Level经济浮动汇率考点真题解析”的内容介绍，更多A-Level经济学考试备考技巧，欢迎咨询新航道重庆学校官网客服。