21.   Foreign investors selling U.S. securities often convert the dollars they receive into other currencies.

22.   Foreign investors also hope to gain when they convert their dollar returns to other currencies.

23.   If foreign investors sell the U.S. securities, they often convert the dollars from the proceeds into their own currencies.

24.   If the dollar continues to rise, overseas investors in Treasuries will make more of a profit once they convert their dollars back into their own currency.

25.   If the dollar keeps rising, overseas investors in Treasuries will make more of a profit once they convert their dollars back into their own currency.

26.   In buying pounds for yen, traders often sell yen for dollars first, then convert dollars into pounds.

27.   In buying marks for yen, traders often sell yen for dollars first and then convert the dollars into marks.

28.   In buying marks for yen, traders often sell yen for dollars first, then convert dollars into marks.

29.   In selling marks for yen, traders often sell marks for dollars and convert the dollars into yen.

30.   In selling the mark for yen, traders often buy the mark for dollars first, then convert dollars into yen.