limited convertibility 中文意思是什麼
limited convertibility
解釋
有限兌換- limited : adj 1 有限的，有限制的；【政治學】（君主權力）受憲法限制的。2 〈美國〉乘客名額有限制的，速度快的...
- convertibility : n. 可改變，可變換；可兌換，可轉化性，可轉變性。
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The sub - committee further concluded that, given the high level of confidence in the existing arrangements for backing hong kong dollar banknotes with certificates of indebtedness, any additional assurance that might result from a direct convertibility undertaking for banknotes would probably be very limited
委員會同時指出，鑒于社會對現有以負債證明書支持港元銀行紙幣的安排有堅定的信心，銀行紙幣的直接兌換保證所能改善的效果可能極為有限。 -
The reasons for the slow return to the convertibility undertaking rate were, first, the time needed by some investors to unwind large short hong kong dollar positions ; and, secondly, the limited interest rate differential, despite the sharp increase in the aggregate balance, reflecting low short - term us interest rates at around one per cent and the fact that hong kong dollar rates cannot fall below zero
月大量資金流入港元的主因是美元轉弱及市場猜測人民幣重新估值。返回至兌換保證匯率的速度緩慢，是因為部分投資者需要一段時間才能將大的港元短倉平倉，以及即使總結餘急升，但息差仍保持在窄幅，反映短期美元利率位於約 -
Expectation about the extent to which the exchange rate may appreciate has been well anchored and limited by the new, strong - side convertibility undertaking at 7. 75
新推出的強方兌換保證為市場對港元匯率偏強的預期提供一個清楚的依據，並將之設定在7 . 75的水平。 -
Members observed that the operations carried out by the hkma in response to the strengthening of the hong kong dollar in september 2003, and subsequently, had been consistent with currency board principles and appropriate given that, in the absence of an explicit convertibility undertaking on the strong side, the hkma had some limited technical discretion in determining at what level and in what circumstances it accepted offers from banks to purchase us dollars
月港元轉強及於其後所進行的操作符合貨幣發行局制度的原則。有關操作亦屬合宜：由於沒有港元偏強時的明確兌換保證，因此金管局具有有限度的技術酌情權，以決定向銀行購入美元時的匯率水平及情況。
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