Currency Conversion

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The following article is from The Great Soviet Encyclopedia (1979). It might be outdated or ideologically biased.

Currency Conversion

a change of the face value of paper money in which old banknotes are exchanged at a certain rate for new monetary units. Simultaneously, prices, tariffs, and wages and salaries are converted at the same rate. As a rule, currency conversion is a result of inflation and serves the purpose of regulating money circulation (in capitalist countries) but may also be connected with the simplification of accounting procedures (in socialist countries).

Mentioned in ?

Currency Stabilization

References in periodicals archive ?

said its latest research had found a family of four faced being charged an extra PS30 by paying for their flight using Ryanair's "dynamic currency conversion".

Ryanair accused of rip-off fares with currency conversion 'trick'

Discount of 40 paise on currency conversion rate on loading of minimum USD 1000

ICICI Bank Limited (NYSE: IBN) - ICICI Bank launches co-branded travel card with Goibibo -- 13/5/2019

You have a choice: Dynamic Currency Conversion (DCC) is optional, although it's been reported that merchants have run this automatically.

Two second holiday mistake that could see you slapped with hidden fees abroad - and it cost us [pounds sterling]490m last year; Travellers are advised to always choose the local currency no matter where in the world they are - even when using ATMs

The post Nourpay currency conversion platform to boost KSA tourism growth appeared first on Tahawul Tech.

Nourpay currency conversion platform to boost KSA tourism growth

The cost of paying in pounds on cards while abroad was PS633.6m a year - equivalent to PS100 per trip for every person - levied by third-party currency exchange providers in a service called dynamic currency conversion.

How holidaymakers can avoid the payment trap

Planet Payment's currency conversion solution, which was launched with Ahli United Bank (AUB), allows eligible international customers to pay for their purchases in their own currency.

Network International and Planet Payment launch Pay in Your Currency in Bahrain

Many new Rocketrip users are based outside the US, and international travel can make arrival times, multi-destination hotel booking and currency conversion tricky.

Rocketrip introduces new employee budgets more accurate

Another change from the temporary regulations amends the foreign currency conversion rules to permit a taxpayer to rely on a foreign currency conversion shown on a periodic financial account statement.

Final rules govern reporting of specified foreign financial assets: the regulations provide an exception for dual-resident taxpayers taxed as residents of a treaty partner country; IRS requests comments on virtual currency

The Governor of the Bank of Namibia, Mr Ipumbu Shiimi, this Monday, 22 September signed a Currency Conversion Agreement between the Bank of Namibia and Banco Nacional de Angola paving the way for the use of the Kwanza at the border town of Oshikango in northern Namibia.

Kwanza legal tender in Oshikango

It comes in a year when we have already pioneered cross-border mobile money transfers with automatic currency conversion as well as a unique interoperability arrangement with other operators in Africa."

Millicom to offer new mobile money service

The company said the Dynamic Currency Conversion (DCC) service is the first of its kind in the kingdom.

New CrediMax service unveiled

Since Points could only be bought in USD equivalents, international customers ended up paying more for their Points than the US counterparts due to various currency conversion factors.