Effective exchange rate (有效汇率)

Effective exchange rate (有效汇率 yǒuxiào huìlǜ) refers to the type of exchange rate that can measure the value of the domestic currency against the weighted value of a basket of foreign currencies.

  • 有效 (yǒuxiào) derives from

 (yǒu) as in own (拥有 yōngyǒu) or useful (有用 yǒuyòng);  (xiào) as in effect (效果 xiàoguǒ), efficiency (效率 xiàolǜ) or effectless (无效 wúxiào).

有效 (yǒuxiào) as in effective treatment (有效治疗 yǒuxiào zhìliáo) or term of validity (有效期 yǒuxiàoqī).

  • 汇率 (huìlǜ) derives from

 (huì) as in (汇款 huìkuǎn), (汇钱 huìqián) or converge (汇合 huìhé);  (lǜ) as in ratio (比率 bǐlǜ), heart rate (心率 xīnlǜ), probability (几率 jīǜ), or efficiency (功率 gōnglǜ).

汇率 (huìlǜ) as in floating exchange rate (浮动汇率 fúdòng huìlǜ).

Effective exchange rate (有效汇率 yǒuxiào huìlǜ) word examples:

  1. Nominal effective exchange rate (名义有效汇率 míngyì yǒuxiào huìlǜ).
  2. Real effective exchange rate (实际有效汇率 shíjì yǒuxiào huìlǜ).
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