汉译英练习与参考译文

1、1994 8.27 水平左右。由于近几年来我国 8.28 调整到8.11 元，升幅为2%；二脱钩，汇率参照一篮子货币制定；三一0.3%89ReformofRMBExchangeThe1994 8.27 水平左右。由于近几年来我国 8.28 调整到8.11 元，升幅为2%；二脱钩，汇率参照一篮子货币制定；三一0.3%89ReformofRMBExchangeThe reform of RMB exchange rate has held the he last couple of years both in and globally. Since 1994, major reforms have

2、 been carried out on Chinas foreign management system. Following the implemenion of convertibility under current accounts, a nominally managed floating exchange rate regime has been o place, with the exchange rate constantly kept at about 8.27 for nks to the sustained growth in recent years, Chinas

3、trade surplus has been increasing and the foreign exchange has been growing by leaps and bounds. People have come to moreflexibleregulatory t it is sary to adopt On July 21, the central announced the ion of a managed floating exchange regime based on market supply and demand and in reference to a ba

4、sket of currencies, includes the following three major , the exchange rate of RMB against US dollars adjusted from 8.28 to 8.11, an increase of 2%. Second, RMB is no egged to US and the exchange rate is determined in reference to a basket of currencies. Third, based on the closing price of the previ

5、ous working day, the RMB exchange rate is allowed to float within bandofOn August 9, the central b giving “green light” to non-bthis market. Meanwhile for announced the reform foreign exchange l institutions and non-l rises to otime a more market-oriented quoting system roduced the foreign exchange

6、market, and forward foreign exchange ion and swap ion his market. These t the central is devoted to push forward market-orientedofRMBexchangeratestepby TheReformofRMBExchangeRate Over the past two years, the foreign exchange market, and forward foreign exchange ion and swap ion his market. These t t

7、he central is devoted to push forward market-orientedofRMBexchangeratestepby TheReformofRMBExchangeRate Over the past two years, Chinas reform of RMB exchange rate has been attracting attention t home and abroad. Since 1994 till present time, China has undergone transformations in foreign exchange m

8、anagement system. With its establishment of convertibility for current account, China had for years kept a nominal managed floating exchange rate ng its currency pegged around 8.27 to the dollar. In recent years, however, China ained a and sustainable development of its economy, thereby registering

9、a steady rade surplus and a considerable increase in foreign exchange reserves. As a result, people are ing increasingly aware of the need to adopt a more flexible mechanism for the control RMB exchange On July 21, the Peoples of China (PBOC) announced its adoption of a managed exchange rate regime

10、based on market condition with reference to a basket of currencies. PBOCreform programconsistsofthreeaspects: 1)changing the lUSD/RMBexchangeto8.11froma2%strengtheningoftheRMBagainstthedollar;2)theyuan against the US dollar, and determining the RMB rate by referring to a basket of currencies; 3) all

11、owing the RMB rate to fluctuate in a 0.3% band based on the previous days closing On August 9, PBOC announced a er-foreign exchange market, giving green light to non-l institutions and non-l rises for their ion” allows for othe market. Meanwhile, the initiation of a market-based “enquiry time dealin

12、gs in forward exchange ion and swap ion in the market. All of t PBOC is now making constant efforts in pushing forward the marketization of RMBexchange （）。 account surplus reserves currencies ionion行间外汇市场foreign exchange market）以及有管理的浮动汇率制度 掉期交易（swap价经济价值的现金流（cashflow、A swap ion is the combinationcu

13、rrencies ionion行间外汇市场foreign exchange market）以及有管理的浮动汇率制度 掉期交易（swap价经济价值的现金流（cashflow、A swap ion is the combination of a cash ion and a forward ion in directions carried out with the same arty. There are two types of sible: cash purchase of a currency linked forward sale of the same currency against

14、 another. cash sale of a currency linked to a forward purchase of the same currency against another. swap s added (premium) or deducted (discount) to the cash exchange rate of part the ion,representerestdifferentialoveraspecifiedperiod(duedateoftheswap)thetwocurrenciesRMB exchange，the complete forei

15、gn exchange for regular programs，Forward Deal and Swap Deal，distant dealing and swap dealing，long-term foreign exchange and swap，a package of currencies，full convertibility under the regular account，full convertibility under current items根据Cambridge Advanced Learners Dictionary的定义，动词announce 的意思是to

16、e 或者：主语+及物动词t1）Theyannouncedthedeathoftheirhelocal 2）Sheannouncedthewinnerofthecompetitiontoanexcited根据Cambridge Advanced Learners Dictionary的定义，动词announce 的意思是to e 或者：主语+及物动词t1）Theyannouncedthedeathoftheirhelocal 2）SheannouncedthewinnerofthecompetitiontoanexcitedeW. Bush announced entionto16individ

17、ualstoservein 4）ThePrimeMinisterhastpublicspendingwillbeincreasednext Centralannouncedtoreformtheexchangerate hepast two years，over the past two years，for the past two inrecentdays，overrecentmonths，inrecentmonths，inrecentyears，inrecenttimes等等；但 receive或者give1) General Thurman still had to receive a

18、final green light from outa once he had 2) The European gave the green light yesterday in s for British takeoverofDan-Air,dismissingobjectionsbyrivalcarriersandthe1)Afterhavingrealizedyconvertibleunderfrequentitems,Chinaimprovedtheexchangeratebyoanominalandmanagedfloatingratesystem.（realizedconverti

19、ble可以做宾语吗2) the central bis devoted to push forward a market-oriented of RMB exchange rate step by view to establish and improve the list market economic system in China, enable market to fully play its role in resource allocation as well as to put in place and further the managed floating exchange rate regime based on market supply and demand, the Bof China, with authorization of