The People's bank of China announces the exchange rate of Renminbi against major currencies on the basis of the prevailing exchange rates in the inter-bank foreign exchange market.

中国人民银行根据银行间外汇市场形成的价格，公布人民币对主要外币的汇率。

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If they're able to force producers to offer goods at prices below the prevailing market rate, shortages become inevitable.

FORBES: Magazine Article

Suttong, a battery maker, was recently forced to raise money at 450 basis points over the prevailing rate in the bond market.

ECONOMIST: South Korean bonds