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It said exchange rates already include mark-ups levied by suppliers and so are not as fee-free as implied.
A spokesman for the Pacific Exchange, Dale Carlson, said exchange lawyers "at a certain point just decided to rid themselves of a nuisance" by agreeing to settle.
In that case, Mr. Joynson said, exchange rates may squeeze European carmakers and pharmaceutical companies that have a lot of their sales in the United States.
With the yen trading at an average of 78 to the dollar, compared with 86 a year ago, Honda said exchange rates knocked 36.7 billion yen off of its books.
Because of an editing error, an article last Sunday about the possible effects if China lets the value of its currency rise misspelled the given name of a political scientist at Harvard University, who said exchange rates reflect broad macroeconomic forces.
While some said exchange programs are a good way to develop expertise in Iraq, others feared they would only exacerbate the brain drain.
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"That's nice," we said, exchanging glances.
"Wonderful," I said, exchanging a look with Allison.
"I hate stars," Huston said, exchanging his empty glass for a full one.
The two stood beside a table of juice and doughnuts, Mr. Hoepner said, exchanging small talk.
Back at the clinic, Dr. Batma said exchanging needles is not enough.
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