There have been Biblical scholars from time to time who have translated the hebrew language into a more (they believe) understandable using today's language. And yes there are several "translations" of the Bible, but they are all true to the true Bible as first translated by King James.
One of my readers reached out to me a couple of years ago with the hope that I could help him communicate with his prodigal nephew. The kid had grown up in a Christian home and seemed to be doing well until he enrolled at a local community college. It was there that he decided to abandon his conservative and Christian beliefs. Even worse than that, he decided to replace them by joining a neo-pagan cult. I will not mention the group by name as I do not want to give them more attention than they deserve.
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Protestant translators, including King James, render the phrase much less potent. the KJV rendition is "Hail [Mary], thou that art highly favoured."