Since Jaznaica H was bul1t, the base of exchange rate becomes obscure.FreqUeni and large-scale nuCtuatio of exchange rate haS brought UnCendnty tO theMond econOeq and trad, for which lots of coUntries, eSPeCially developing.coUntries have aSSUrned pe 1oss.-In the past a feW yearS, -- scholars have dOne lnye qUantites of work in thedecision of exchange the, of Which some theOries are enlighte to RMB's exchangrate. My chief aim to write thes thesis is to ibo some imPOM wcstem thooriesof exchange rate. I hOPe this wil1 be helPful for us tO deteedne RMB's exchange rateand be benfit fOr the bovation of fOreign exchange adrnndndve system.
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