Sentence examples similar to conversion of foreign currency from inspiring English sources
701, 44 L.Ed. 846, would give him ample warrant to fix a rate for dollar conversions of foreign currencies on a uniform basis reflecting the dominant value among multiple values of a foreign currency and one not subject to manipulations or influences adverse to our interests.
Governments are unwilling to force an immediate conversion of foreign-currency loans into local currencies, because that would crystallise paper losses that would then have to be borne immediately by either banks or borrowers.
The decreased supply of foreign currency (from the sale of fewer exports) plus the increased demand for foreign currency (to pay for imports) would tend to raise the price of foreign currency in terms of domestic currency.
In other words, following the logic of PPP theory, with the same amount of foreign currency than before trade openness, tradable goods become cheaper (i.e., the local currency depreciates vis-à-vis the foreign currency).
The problem is that conversion of the foreign currency into yuan would put upward pressure on the yuan and so force the central bank to buy yet more foreign currency to hold it down.
