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In the medium term, the best and most likely policy would be a move to a heavily managed float, rather than an upward adjustment of the peg. 从中期来看，最好也是最有可能采取的政策是过渡到严格管理的浮动，而不是对盯住汇率向上进行调整。
When thinking about what the most likely interim regime will be, it is usef to consider what regime will best position China for a managed float in several years time. 但是，即便中国下一步是走向制度（2），了解蠕动范围的工作原理也是非常有益的，因为即使中国人民银行没有正式实行蠕动范围，它也可能参照未曾宣布的一篮子货币----如同任何中央银行会做得那样----暗中追踪人民币的执行情况。
China abandoned a fixed currency peg with the US dollar in 2005 for a managed float and since then the renminbi has appreciated by about 20 per cent against the dollar. 2005年，中国放弃了人民币汇率盯住美元的政策，转而采用管理下的浮动汇率制度。自那以来，人民币兑美元汇率上升了大约20%25。
a "managed float" exchange rate system “有管理的浮动”汇率制
Under the managed floating exchange rate regime,exchange rates always fluctuate acutely. 在管理浮动汇率制度下 ,汇率波动一直相当剧烈。
The exchange rate for Renminbi is a single, managed floating exchange rate based on market demand and supply. 第三十三条人民币汇率实行以市场供求基础的、单一的、有管理的浮动汇率制度。
Malaysia Central Bank announced on 21 Augustallow the country's currency ringgit implement a managed floating exchange rate. 马来西亚央行21日宣布允许该国货币林吉特汇率实行有管理的浮动。
Goldstein, M. 2002. "Managed Floating Plus." Policy Analyses in International Economics. Washington, D.C.摘要: Institute for International Economics. 米什金，货币金融学[M，中国人民大学出版社（第四版），1998
There wasn't enough water to float the ship. 水不够深，船浮不起来。
turn the matter over and over 反复考虑此事
The divers tried to float the sunken ship. 潜水员想使沈船浮起。
They decided to float a new company. 他们决定筹资创办一家新公司。
They managed to squash forty people into the bus. 那辆公共汽车好不容易塞进了四十个人。
He managed to ward off the blow. 他设法避过了那一击。
He managed to endear himself to everybody. 他有办法让大家都喜欢他。
I managed to winkle the news out of him. 我设法从他那探到那消息。
In the afternoon I managed to get the floor. 到了下午，我总算有了发言的机会。
We managed to lose our pursuers in the darkness. 我们趁黑摆脱了追踪的人。
John managed to repair his car by himself. 约翰设法独力修理自己的汽车。
The present RMB exchange rate regime, nominally, being a managed floating exchange rate regime based on market supply and demand, is actually a fixed exchange regime pegging single dollar. 现行人民币汇率制度，名义上是以供求为基础的、有管理的浮动汇率制度，实际上是一种钉住单一美元的固定汇率制度。