That is, the domestic currency Appreciate relative to the foreign currency.

"That currency will appreciate in the years to come, so it's a great advantage to them and to us to be patient."

But monetary officials have not done enough yet, she said: China needs to let its currency appreciate against the dollar and then raise interest rates.

These funds might also benefit if local currencies appreciate as economic wealth is transferred from west to east.

A rise in q means that the domestic currency appreciates.

The local currency appreciated considerably in 2003 and the first months of 2004.

The increased demand causes that country's currency to appreciate.

The Chinese currency has appreciated by more than 2 percent against the dollar so far, after remaining stable for a decade.

There is also mounting pressure on China to allow its currency, the yuan, to appreciate more quickly.

Despite coming under heavy pressure to let their currency appreciate the Chinese appeared to be standing their ground.