In the floating exchange rate, the gold parity has lost practical significance, the official exchange rate also only plays a reference function.
在浮动汇率下，金平价已失去实际意义，官方汇率也只起某种参考作用。
Officials concluded that the fight to keep the pound at gold parity was no longer worth the loss of additional gold and foreign exchange reserves.
官员发现保持英镑与黄金平价已经不能弥补黄金以及外币储备的流失了。
By devaluing against gold, their money also became cheaper against currencies that kept their gold parity, giving domestic producers a cost advantage over many foreign firms.
当这些国家的货币相对黄金贬值时，相对于其它仍然由黄金平价决定的货币而言也贬值了，因此这些国家的国内制造商相对外国公司具有了成本优势。
Freed from the need to uphold a gold-price parity, these countries could lower interest rates and so stimulate spending.
由于汇率不必由黄金平价决定，前者可以通过降低利率来刺激消费。
Freed from the need to uphold a gold-price parity, these countries could lower interest rates and so stimulate spending.
由于汇率不必由黄金平价决定，前者可以通过降低利率来刺激消费。
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