Exchange Rate Quotes & Sayings

I don't have a shred of regret about entering the exchange-rate mechanism. — John Major

It is not the poverty of individuals and the community, not indebtedness to foreign nations, not the unfavourableness of the conditions of production, that force up the rate of exchange, but inflation. — Ludwig Von Mises

The gold standard had its advantages, no doubt. Exchange rate stability made for predictable pricing in trade and reduced transaction costs, while the long-run stability of prices acted as an anchor for inflation expectations. Being on gold may also have reduced the costs of borrowing by committing governments to pursue prudent fiscal and monetary policies. — Niall Ferguson

What is the right exchange rate at one point is not necessarily the right exchange rate at another. — Norman Lamont

No exchange rate for the confidence of youth. — Elizabeth Strout

After the maxi yuan depreciation of 1994 and until 2005, exchange-rate fixity was the order of the day, with little movement in the CNY/USD rate. — Steve Hanke

Positive response from some of our exporters and holders of free funds in response to some of the turnaround initiatives ... in particular the favourable exchange rate policies. — Gideon Gono

The lesson for Asia is; if you have a central bank, have a floating exchange rate; if you want to have a fixed exchange rate, abolish your central bank and adopt a currency board instead. Either extreme; a fixed exchange rate through a currency board, but no central bank, or a central bank plus truly floating exchange rates; either of those is a tenable arrangement. But a pegged exchange rate with a central bank is a recipe for trouble. — Milton Friedman

If a country is an attractive place for foreigners to invest their funds, then that country will have a relatively high exchange rate. If it's an unattractive place, it will have a relatively low exchange rate. Those are the fundamentals that determine the exchange rate in a floating exchange rate system. — Milton Friedman

It's a good thing that it is getting simpler to register a company in China, it is good that the exchange rate of our currency is getting more flexible and that it's getting easier for Chinese businesspeople to travel. All of this opens up our economy. — Zhang Xin

There are so many currency exchange rate problems that people are buying gold as a safe haven. Right now, gold looks like a safe haven if international exchange rates break down. — Michael Hudson

The harder a government, such as a dictatorship, tries to maintain monetary policy autonomy, the more it must either limit the movement of capital into and outside of the country, or the more it must compromise exchange-rate stability. — Janet M. Tavakoli

In fact, the recent increase in intra-firm trading enables businesses to shift their activities across borders smoothly, thereby strengthening the response of economic activity to exchange rate movements in the long run. — Toshihiko Fukui

Turkey does not have an official exchange rate target. — Ali Babacan

Celebrity is a currency with an exchange rate almost as strong as anonymity. — Jon Foreman

When a country has substituted credit money or fiat money for metallic money, because the legal equating of the over-issued paper and the metallic money sets in motion the mechanism described by Gresham's Law, it is often asserted that the balance of payments determines the rate of exchange. But this also is a quite inadequate explanation. The rate of exchange is determined by the purchasing power possessed by a unit of each kind of money. — Ludwig Von Mises

The euro is a hybrid of a fixed exchange-rate regime, like the 1980s ERM or the 1930s gold standard, and a state currency. — Yanis Varoufakis

Is confidence based on a rate of exchange? We used to speak of sterling qualities. Have we got to talk now about a dollar love? A dollar love, of course, would include marriage and Junior and Mother's Day, even though later it might include Reno or the Virgin Islands or wherever they go nowadays for their divorces. A dollar love had good intentions, a clear conscience, and to Hell with everybody. — Graham Greene

A nation's exchange rate is the single most important price in its economy; it will influence the entire range of individual prices, imports and exports, and even the level of economic activity. So it is hard for any government to ignore large swings in its exchange rate ... — Paul Volcker

There was such an interesting exchange rate in this woman's mind...whenever she remembered anyone giving her anything, they only gave a very little and kept the lion's share to themselves. But whenever she remembered giving anyone anything she gave a lot, so much it almost ruined her. — Helen Oyeyemi

Drug warriors' staunch opposition to needle exchanges to prevent the spread of HIV in addicts delayed the programs' widespread introduction in most states for years. A federal ban on funding for these programs wasn't lifted until 2009. Contrast this with what happened in the U.K. At the peak of the AIDS epidemic in the mid-1990s, the HIV infection rate in IV drug users in the U.K. was about 1%. In New York City, the American epicenter, that figure was 50%. The British had introduced widespread needle exchange in 1986. That country had no heterosexual AIDS epidemic. — Maia Szalavitz

If the exchange rate is a matter of pride, Japan should be only half as proud as India (120 yen to a dollar) and China ten times more (6.2 yuan to a dollar)! My — P. Chidambaram

Although economists have studied the sensitivity of import and export volumes to changes in the exchange rate, there is still much uncertainty about just how much the dollar must change to bring about any given reduction in our trade deficit. — Martin Feldstein

We are now preparing for the reform of the yuan's exchange rate system. For such reforms to take place, we need good economic conditions ... and we need to do it under tight control. — Wu Yi

Could you let me have the 3 weeks due to me now and if I work again before August I must of course repay you at the rate of exchange you let me have it at now if you kindly will. — Basil Rathbone

History likewise shows that sometimes the 'monetary standard of the victors' can prove to be very bad. There have seldom been more brilliant victories than those eventually achieved by the American insurgents under Washington against the English troops. But the American 'continental dollar did not benefit from them. The more proudly the star-spangled banner rose on high, the lower did the exchange-rate fall, until, at the very moment when the victory of the rebels was secured, the dollar became entirely valueless. The course of events was no different not long afterwards in France. In spite of the victories of the revolutionary army, the metal premium rose. — Ludwig Von Mises

If you are asking me if I would advocate that the Chinese go to greater flexibility in their exchange rate, I certainly would. — Ben Bernanke

The exchange rate between first-world lives and third-world lives in disaster stories in the media is about 50:1. — Craig Reucassel

The problem is that, in a world of floating exchange rates, as Italy was before the euro, if one country is subjected to a shock which requires it to cut wages, it cannot do so with a modern kind of control and regulation system. It is much easier to do it by letting the exchange rate change. Only one price has to change, instead of many. — Milton Friedman

Before ISIS controlled eastern Syria, an oil well produced around thirty thousand barrels per day, and each barrel sold for two thousand Syrian pounds - eleven dollars at the current exchange rate. Local families that worked in refineries would make two hundred liras (a little more than one dollar) on each barrel they refined primitively. After ISIS took over, a barrel of oil became cheaper because it fixed the price — Michael Weiss

We have believed for many years, much earlier than anyone else was talking about this issue, that it was in the interest of China to evolve to a more flexible exchange rate system. — Rodrigo Rato

In the 20 years before Greece end up with the Euro, efforts to improve competitiveness through exchange rate and adjustments resulted only in temporary gains of competitiveness. — Lucas Papademos

An attempt is sometimes made to demonstrate the desirability of measures directed against speculation by reference to the fact that there are times when there is nobody in opposition to the bears in the foreign-exchange market so that they alone are able to determine the rate of exchange. That, of course, is not correct. Yet it must be noticed that speculation has a peculiar effect in the case of a currency whose progressive depreciation is to be expected while it is impossible to foresee when the depreciation will stop, if at all. While, in general, speculation reduces the gap between the highest and lowest prices without altering the average price-level, here, where the movement will presumably continue in the same direction, this naturally can not be the case. The effect of speculation here is to permit the fluctuation, which would otherwise proceed more uniformly, to proceed by fits and starts with the interposition of pauses. — Ludwig Von Mises

Since China embraced Deng Xiaoping's reforms on 22 December 1978, China has experimented with different exchange-rate regimes. Until 1994, the yuan was in an ever-depreciating phase against the U.S. dollar. — Steve Hanke

The U.S. berates China for its exchange rate policy, which Washington doesn't like. But one-sided pressure on China to change its exchange rate is misplaced. — Robert Mundell

Home.
Home was BAMA, the Sprawl, the Boston-Atlanta Metropolitan Axis.
Program a map to display frequency of data exchange, every thousand megabytes a single pixel on a very large screen. Manhattan and Atlanta burn solid white. Then they start to pulse, the rate of traffic threatening to overload your simulation. Your map is about to go nova. Cool it down. Up your scale. Each pixel a million megabytes. At a hundred million megabytes per second, you begin to make out certain blocks in midtown Manhattan, outlines of hundred-year-old industrial parks ringing the old core of Atlanta ... — William Gibson

Nothing belongs to us, not even ourselves. But the exchange rate is unbelievable. All of our sin is transferred to Christ's account, and all of His righteousness is transferred to our account. God cancels our debt, writes us into His will, and calls it even! — Mark Batterson

When a population saves a lot, the funds are invested outside the country as well as inside. If the Japanese invest in the United States, it pushes their exchange rate down and makes their manufacturing more competitive. — Evan Davis

Differences of age or of race may set up postitions of manufactured superiority: the manual worker from Germany flies to Thailand and because of the historical advantage of his economy and exchange rate, feels and behaves like a millionaire. The plodding Englishman arrives in a small North American town and, simply on account of his exotic accent, may be welcomed as charmingly original and sophisticated. — Alain De Botton

That day the U.S. announced that the dollar would be devalued by 10 percent. By switching the yen to a floating exchange rate, the Japanese currency appreciated, and a sufficient realignment in exchange rates was realized. Joint intervention in gold sales to prevent a steep rise in the price of gold, however, was not undertaken. That was a mistake. — Paul Volcker