was exchanged into USD vs has been exchanged into USD

Both phrases are correct, but they are used in different contexts. 'Was exchanged into USD' is in the past simple tense, indicating a completed action in the past. 'Has been exchanged into USD' is in the present perfect tense, indicating a completed action with relevance to the present. The choice between them depends on the context in which you are talking about the exchange.

Last updated: March 31, 2024 • 593 views

This phrase is correct in the past simple tense, indicating a completed action in the past.

"was exchanged into USD"

This phrase is used to describe an exchange that happened in the past and is now completed. It is appropriate when discussing a specific point in time when the exchange occurred.

Examples:

The money was exchanged into USD last week.
The currency was exchanged into USD at the airport.

Show examples from the web [+]

She said that, only 38 days after investing in the stock exchanged, she received USD 75000 as her share of the ransom paid for the release of a Spanish fishing vessel.
Malaysia's GDP translates into USD 6721 per inhabitant.
An unregulated pasture of opportunity, should you have a burgled bag of anonymous securities to see exchanged into ready cash.
In order to facilitate and monitor the above agreements information was exchanged on prices, supply volumes and market shares.
One security force official reported that soldiers and demonstrators hurled stones at each other, and gunfire was exchanged after protestors demolished a wall surrounding the site.
In addition, 31,5 % of the claims was exchanged for new GGBs with lower interest rates and longer maturities.
Don't even care if a little money was exchanged.
At the heart of the scandal lies a deal in which part of Lake Vistonida was exchanged for other property.
And the money was exchanged 2 to 1.
Let us remind people of the way in which democracy triumphed over dictatorship and oppression was exchanged for freedom.
Information was exchanged on several occasions before Germany reduced the notified aid intensity from 35% to 31,5%:
When there was no law against it, this information was exchanged freely. Finally, when the entertainment industry caught on and the repression began, the young people on the Internet always managed to keep one step ahead, and so the thing continues.
We have started to speak about a softer NATO, as the 'bellicose' President was exchanged for a 'peaceful' one in the United States of America.
The Eurosystem NCBs shall, at least in one location in the national territory, by themselves or through their appointed agent, ensure that banknotes of a new participating Member State can be either: (i) exchanged into euro banknotes and coins;
9. Information forwarded shall be held no longer than necessary for the purposes for which it was exchanged. The Contracting Party concerned shall assess in due course whether it is necessary for it to be held.
The added value of the Ulysses project lies in the fact that various human resources and pieces of equipment were pooled and deployed jointly in a number of practical tasks, and in the fact that information was exchanged using advanced technologies.
Can the Commission confirm that during contacts between OLAF officials and IDOC officials information was exchanged on possible irregularities with the selection procedure for OLAF directors?
Moreover, it argued that, as the Chinese currency is pegged to the USD by a decision of its government, the currencies had not been exchanged at market rates by any of the co-operating exporters - this would had been a violation of criterion 5.

Alternatives:

was converted into USD
was swapped for USD
was traded for USD
was changed into USD
was transformed into USD

This phrase is correct in the present perfect tense, indicating a completed action with relevance to the present.

"has been exchanged into USD"

This phrase is used to describe an exchange that happened in the past and has an impact on the present. It is suitable when discussing the current state resulting from the exchange.

Examples:

The money has been exchanged into USD for the trip.
The currency has been exchanged into USD for the investment.

Show examples from the web [+]

Today's young people take peace for granted, and mistrust has been exchanged for reciprocity.
The second safeguard given to undertakings relates to the use of information which has been exchanged within the network.
She said that, only 38 days after investing in the stock exchanged, she received USD 75000 as her share of the ransom paid for the release of a Spanish fishing vessel.
I have listened and I have read a great deal of the correspondence that has been exchanged over the last 48 hours here.
Insofar as a visa is issued at the border on the basis of the information that has been exchanged, the responsibility lies with the Member State issuing the visa.
I believe we have succeeded in rounding off the procedure or system in those areas where certain issues were missing, such as getting subsequent administrative offences once the information has been exchanged and notification made.
It should be possible for the competent authorities of the Member States to request and receive feedback by uniform means on the follow-up action taken on the basis of information that has been exchanged.
In addition to the procedure laid down in the Treaty, information has been exchanged on a regular basis, allowing you, ladies and gentlemen, to be kept up to date on the Council's views.
Since its entry into ERM II, the European exchange rate mechanism, the Cypriot pound has been exchanged in a stable manner at a satisfactory exchange rate.
Community legislation provides a mechanism for Member States to exchange data on air quality, but data exchange on ethylene (ethene) concentrations is not mandatory and almost no data has been exchanged so far.
once information has been exchanged, the alert may need to be amended, deleted or the request may be withdrawn
check before submitting a notification whether a product has already been notified or information relating to that product has been exchanged through the RAPEX application (to avoid any duplication),
Whereas this functional interconnection and interaction is generally known as 'interoperability'; whereas such interoperability can be defined as the ability to exchange information and mutually to use the information which has been exchanged;
once information has been exchanged, based on the information provided for in the consultation process by the Member State requesting the flag, the alert may need to be amended, deleted or the request may be withdrawn.
Moreover, it argued that, as the Chinese currency is pegged to the USD by a decision of its government, the currencies had not been exchanged at market rates by any of the co-operating exporters - this would had been a violation of criterion 5.
Malaysia's GDP translates into USD 6721 per inhabitant.
Several letters have been exchanged, Mr Cox.
It is late and enough words have been exchanged.
An unregulated pasture of opportunity, should you have a burgled bag of anonymous securities to see exchanged into ready cash.
And no sooner had the pleasantries been exchanged, when cultural differences rose to a level not seen since Rocky IV.

Alternatives:

has been converted into USD
has been swapped for USD
has been traded for USD
has been changed into USD
has been transformed into USD

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was exchanged into USD vs has been exchanged into USD