查询词典 exchange algorithm

Direct exchange being impossible, and indirect exchange being purposeless from the individual point of view, no exchange would take place at all.

因为直接交换是不可能的，而间接交换从个人观点中看，是漫无目的的，交换就根本不会发生。

In this study, we use a sample of 186 firms in Taiwan that have export ratio for at least 10 percent in the sample period to examine their exchange rate exposures and the effect of usage of currency derivatives on currency exposures. In the determinants of exchange rate exposure, we find that exchange rate exposure is positively related to the foreign sales ratio, firm size and quick ratio.

过去相关外汇暴露的文献，主要在讨论国际企业的外汇暴露的大小与其决定因子，受限於企业使用衍生性金融商品交易资料取得不易，过去的模型中通常仅以虚拟变数的方式，来分析公司使用衍生性金融商品避险的影响，而未进一步分析其使用程度对外汇暴露的影响。

Article 98 Enterprises which must complete procedures for tax refunds in the case of overpayments of tax may, where income in foreign currency has already been converted into Renminbi according to the foreign exchange rate, convert the amount of the tax in Renminbi to be refunded into foreign currency according to the exchange rate in effect when the tax was originally paid, and then reconvert this amount of foreign currency into Renminbi according to the foreign exchange rate at the date of issuance of the tax refund certificate.

第九十八条企业所得为外国货币并已按照外汇牌价折合成人民币缴纳税款的，发生多缴税款需要办理退税时，可以将应退的人民币税款，按照原缴纳税款时的外汇牌价折合成外国货币，再将该外国货币数额按照填开退税凭证当日的外汇牌价折合成人民币退还税款

Said the company bank foreign exchange transactions mainly Valet mainly in order to earn customers spread the main source of income, self-exposure is very small, and is basically written off the day, so the foreign exchange market sharp fluctuations in currency exchange rates between the shift in its limited impact.

表示，公司银行外汇交易主要是代客为主，以赚取客户遍及收入，自我暴露的主要来源是非常小，基本上是一天注销，因此外汇市场急剧波动的货币之间的汇率在其影响有限转变。

China Merchants Bank said that its foreign exchange transactions mainly Valet mainly in order to earn customers spread the main source of income, self-exposure is very small, and basically written off the day, so the extreme fluctuation in the foreign exchange market, currency exchange rate between the shift in its limited impact.

中国招商银行表示，其外汇交易主要是代客为主，以赚取客户遍及收入，自我暴露的主要来源是非常小，基本上注销的一天，因此在外汇市场剧烈波动，汇率率之间在其影响有限转变。

Last night, the bank sent to reporters urgent clarification of the statement, China Merchants Bank said foreign exchange transactions mainly Valet mainly customers to earn points for the main source of income, poor, self-exposure is very small, and basically written off the day, so the foreign exchange severe market fluctuations, currency exchange rate between the shift in its limited impact.

昨晚，该银行发送给记者的声明紧急澄清，中国招商银行表示，外汇交易主要是代客主要客户赚取的收入，贫困，自我暴露的主要来源点非常小，基本上一天注销，因此外汇市场的波动严重，货币之间在其有限的汇率变化的影响。

The goal of RMB exchange rate reform is to establish and improve a managed floating exchange rate regime based on market supply and demand and keep the RMB exchange rate basically stable at an adaptive and equilibrium level.

人民币汇率改革的总体目标是，建立健全以市场供求为基础的、有管理的浮动汇率体制，保持人民币汇率在合理、均衡水平上的基本稳定。

The goal of RMB exchange rate reform is to establish a managed floating exchange rate regime based on market supply and demand so as to keep the RMB exchange rate basically stable at an adaptive and equilibrium level.

人民币汇率改革的总体目标是，建立健全以市场供求为基础、有管理的浮动汇率体制，保持人民币汇率在合理、均衡水平上的基本稳定。

Secondly, the subsample study based on the linear regression model shows that although taking the instability of economic structure into account, the estimation of exchange premium to the change of spot exchange rate is obviously negative, which meas the outlier or breakpoint is not the reason that empirical research refuses the efficiency of the American and the Japanese foreign exchange markets.

其次，基于线性回归模型的子样本研究表明，即使考虑了经济结构突变，远期汇水对即期汇率变动的估计仍显著的为负值，即统计上数据异常和结构突变并不是拒绝美元和日元外汇市场有效的原因，因此我们需要去探讨理论本身的缺陷和不足。

It introduces foreign exchange including the practice and application of spot exchange transaction, forward exchange transaction, swap transaction, arbitrage, covered interest arbitrage, foreign futures, foreign options, and international

该课程主要介绍各类型的外汇交易包括即期、远期、掉期、套汇、抵补套利、外汇期货、外汇期权、国际融资等交易的操作及应用等内容。

Now he worked in ajoint venture.

现在他在一家合资企业工作。

More troops in Afghanistan won't change any of the foregoing.

更多的在阿富汗的军队也不会改变之前的状况。