European Exchange Rate Mechanism

After the lows sustained following its exit from the European exchange rate mechanism in 1992, it began to climb in 1996-97 and has remained on a plateau in the face of repeated predictions of a tumble.

经历了1992年退出欧洲汇率机制后的持续走低后，英镑汇率于1996至1997年开始攀升，虽然屡次有人做出暴跌预测，但英镑始终维持在高位。

Exchange rates of member countries of the European Monetary System are chosen as sample in the empirical study, because the Exchange Rate Mechanism is one typical exchange rate TZ regime.

由于欧洲货币体系中的汇率机制（ERM）是现实中最典型的汇率目标区制度，故其成员国汇率被选作为实证研究的样本。

Along with the eastern enlargement of the EU, the members within European exchange rate mechanism ⅱ ( ERM ⅱ) will also increase.

欧盟东扩后，加入欧洲汇率机制Ⅱ（ERM-Ⅱ）的国家也会扩大。

Exchange rate stability, meaning that for at least 2 years the currency has kept within the "normal" fluctuation margins of European Exchange Rate Mechanism ( ERM).

汇率的稳定性是指，至少在两年以内，现行货币的波动水平维持在欧洲汇率机制的正常范围之内。

He described Britain's entry into the European Exchange Rate Mechanism as an historic move.

他将英国加入欧洲汇率机制描述为具有历史意义的一步。

The poll also revealed more than half of fund managers believe sterling is also overvalued, despite it falling 13 per cent against the euro in the last six months, its biggest fall since it was ejected from the European exchange rate mechanism in 1992.

调查还显示，虽然在过去6个月，英镑兑欧元汇率下跌了13%，创下英镑1992年脱离欧洲汇率体系以来的最大跌幅，但仍有超过半数的基金经理认为英镑也被高估了。

The came after it on Monday experienced its biggest one-day fall since its ejection from the European exchange rate mechanism in 1992.

英镑随后于周一经历了自1992年脱离欧洲汇率机制以来单日最大跌幅。

George Soros has been the public face of the hedge fund industry since long before he made$ 1bn forcing sterling out the European exchange rate mechanism.

远在通过迫使英镑退出欧洲汇率机制而获利10亿美元以前，乔治索罗斯（George Soros）就已经是对冲基金行业的标志性人物。