Notdid they fail to maintain exchange rate stability,they gave speculators virtually underwritten opportunities for destabilising profit-making that simply do not exist in a floating rate system.

• 不仅未能保持汇率的稳定，而且实际上为投机者提供了为牟利而破坏稳定的潜在机会。这种机会在浮动利率制中并不存在。