Once Thailand and others devalued, the crisis was about more than currencies.

当泰铢和其它货币贬值时，危机就不仅仅是针对货币了。

youdao

When local currencies are devalued the cost of imports rises.

当地货币贬值时，进口费用就会上升。

youdao

But, he said, for these countries the currencies already have devalued to a great degree, exports have recovered, and imports could decrease.

但是他说，这些国家货币已大幅度贬值，出口得到恢复，而进口将会减少。

youdao

The markets have indeed judged the IMF austerity prescriptions of high taxes and devalued currencies: thumbs-down.

FORBES: Readers Say

The third choice would be to try to inflate the way out, by allowing inflation to rise so governments could pay down debts faster (with inflation-devalued currencies).

FORBES: Markets Pass Through Eye Of The Storm

Having devalued their currencies, the neighbours have become vastly more competitive in export markets.

ECONOMIST: Vietnam