Convertible currency and exchange rate have intense inner link.

货币可兑换与汇率机制具有紧密的内在联系。

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And I heard that Chinese yuan will become a convertible currency soon.

我听说中国的人民币不久便可成为一种可兑换的货币。

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The rupiah is a freely convertible currency, but trades at a penalty due to continued high inflation.

Rupiah是可自由变值的货币，但通货膨胀仍在持续。

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In order to keep the currency convertible they had to keep interest rates high to prevent people from demanding the gold.

为了保持货币的转换性,他们不得不将利率提高,以防人们向他们索求金子的兑换。

耶鲁公开课 - 金融市场课程节选

Of course the price of gold never changed in the gold standard because that was the whole point of the gold standard that's if currency was convertible into gold.

当然，在金本位制度中,金子的价格从来没有变过,因为这是金本位制度,的核心所在,如果货币能够与金子转换的话。

耶鲁公开课 - 金融市场课程节选

The reason that countries dropped the gold standard was that under the effort to keep the currency convertible into gold they were worsening the depression of the 1930s.

这些国家放弃金本位制度,的原因在于，伴随着保持,货币与金子的转换功能,三十年代的大萧条正在被加深。

耶鲁公开课 - 金融市场课程节选

But Russia has liberalized prices, a convertible currency, a relatively open labor market, and privately owned enterprises.

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Meanwhile, consumers in China are hoping for greater access to Western goods for their as-yet non-convertible currency.

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Seeing as the yuan is not a fully convertible currency, this may still take at least five years.

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