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In my view, the priority of external value and stability. Currency exchange rate is a price in another currency, the exchange rate by its very nature is asset prices, mainly due to expectations, uncertainty, speculation and other factors. And, the commodity Belstaff Outlet market, capital market, money market adjustment speed is a big difference. Money market fastest, followed by the capital market, commodity market is the slowest. Consequent, with frequent exchange of natural fluctuations, excessive volatility and the "random walk" feature. For this reason, I think that by adjusting the nominal exchange rate adjusted real exchange rate (floating rate) of macroeconomic adjustment costs are high, by adjusting prices and wages to adjust the real exchange rate (fixed rate) macroeconomic adjustment costs are relatively low.