Another was to use foreign currency: the bank could lend, or accept a bill of exchange, in one currency and collect its debt in another, building a hidden rate of interest into the exchange rate.

另一个好处是他们可以利用外国货币。银行可以用一种货币借出汇票再用另一种货币来收债，暗中调高的汇率就成了银行自己的潜利润。

youdao

One example is stating salaries in a foreign currency. Exchange-rate fluctuations mean that this falls foul of a ban on ever paying an employee less one month than the previous one.

她举了以外币发薪为例，汇率波动意指触犯了本月支付某位员工的工资少于前一个月的禁令。

youdao

Currency swaps differs from foreign-exchange swaps in that they include interest-rate payments and typically have longer durations-one to five years.

与外汇掉期不同，货币掉期包含利率支付，有效期更长——通常有一至五年。

youdao

Holders of precious metals or other major tradable (fungible) assets worldwide need to monitor the foreign exchange rate of the currency in which their asset is held.

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Under a currency board arrangement, the central bank guarantees the redemption of all notes in circulation at a set exchange rate to the dollar or another foreign currency or basket of currencies.

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By devaluing a currency in a floating exchange rate environment, the result is that trade booms and foreign reserves balloon.

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