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1997年国际金融市场呈现动荡与改革交叉、机遇与挑战并存的发展特点,因而市场出现既平稳又波动、既充满风险又有所发展的状况。一、外汇市场在平稳中波动1997年全球外汇市场表现为美元汇率逐步回升,稳步坚挺。其中美元兑日元汇率升值8%,从年初的I:115升至11月中旬的I:124
In 1997, the international financial market showed the characteristics of development characterized by turmoil and reform as well as opportunities and challenges. As a result, the market appeared both stable and volatile, both in a risky and underdeveloped situation. I. Fluctuation of the Foreign Exchange Market in a Stable Trend In 1997, the global foreign exchange market showed the gradual recovery of the U.S. dollar exchange rate and its steady growth. Among them, the exchange rate of the U.S. dollar against the Japanese yen appreciated 8% from I: 115 at the beginning of the year to I: 124 in mid-November