Second, currencies played an important role as an escape valve in the early days of Asia’s post-crisis adjustment process. As the region moved from hard exchange-rate pegs to floating rates, Asian currencies plunged – with drops against the dollar ranging from 28% in South Korea and roughly 37% in Thailand, Malaysia, and the Philippines to almost 80% in Indonesia.
其二，在亚洲后危机调整过程的初期阶段，货币将扮演一个泄压阀门的重要角色。随着各国从固定汇率转向浮动汇率，亚洲货币汇率急跌——韩元对美元下跌28%，泰铢，马来西亚林吉特和菲律宾比索下跌约37%，印尼盾下跌近80%。