Wilbur Ross Quotes

Since we don't use any type of currency manipulation schemes - we have a floating exchange market - we are very glad to consider any type of process that would stabilize the Mexican peso.

We are still keeping, as much as we can to the one million commitment that we made, hoping that at a certain point in time, the headwinds represented by the strength of the yen will be a little bit less strong.

Even the National Bank of Romania doesn't have the huge resources needed to intervene in the market and keep the leu at an acceptable level, because they're drawing close to a floor below which the bank's reserves can't drop. The central bank has to wait for a moment of calm to efficiently conduct its interventions.

Well, I make a practice of not commenting on the role of the relative exchange value of our currency.

I don't have a shred of regret about entering the exchange-rate mechanism.

It does not mean of course that the pound here in Britain in your pocket has been devalued .

Exchange-rate stability is extremely important.

I will maintain the position that, long-term, a strong and dependable dollar is in the best interests of the United States while recognizing that, at times over the long-term, that may not be the case.

I am advocating a weak yen to a certain extent.

The uncontrolled increase of the euro rate vis-a-vis the dollar threatens employment growth in the euro area.

Turkey does not have an official exchange rate target.

But then in April of 1985 the dollar began a sharp decline. The dollar's trade weighted value fell 23 percent in just 12 months and by a total of 37 percent by the beginning of 1988.

For us in England, the relative value of the pound against the dollar, that has a huge impact on how easy it is to get our films made in the U.K.

After the maxi yuan depreciation of 1994 and until 2005, exchange-rate fixity was the order of the day, with little movement in the CNY/USD rate.

As treasury secretary, I don't see it as my role commenting on the dollar in short-term movements.

When financial sectors are small and capital is mobile, floating exchange rates spell massive currency volatility. When a lot of foreign capital flows in, a freely floating exchange rate rises sharply, wreaking havoc for domestic banks and exporters alike.

The most important initiative you could take to improve the world economy would be to stabilize the dollar-euro rate.

Even if the dollar does decline during the coming months, the delays in the response of exports and imports to the more competitive dollar will mean that the increase in aggregate demand from this source may not happen for a year or more.

Devaluations are never easy.

Although economists have studied the sensitivity of import and export volumes to changes in the exchange rate, there is still much uncertainty about just how much the dollar must change to bring about any given reduction in our trade deficit.

If you just analyze, historically, the chances of getting two quarters of more than a 5 percent gain in the dollar index, it has happened only two times since the '70s, so it's very rare.

Greece's history in the drachma was an up-and-down history, a roller coaster.

If inflation-adjusted interest rates decline in a given country, its currency is likely to decline.

We are now preparing for the reform of the yuan's exchange rate system. For such reforms to take place, we need good economic conditions... and we need to do it under tight control.

... a baseless currency varying every fifty miles and fluctuating everywhere.