I'm going to assume that both real and nominal commodity prices have recently been increasing in most countries (say using a GDP-weighted set of exchange rates).

Strengthening the exchange rate can help reduce inflationary pressures and rebalance the economy, the world Bank said in its latest quarterly update on the world's third largest economy.

Only mild currency fluctuations are observed within the tight trading range of the fixed exchange rate, which has been essentially unchanged in the past two years.