TRANSACTIONS CONDUCTED IN FOREIGN CURRENCY. 14.1 In the event that any Transaction effected by The Broker on behalf of the Client involves conversion of a foreign currency (i.e. currency other than Hong Kong Dollars), the Client agrees that:
(a) any profit or loss arising as a result of a fluctuation in the exchange rate affecting such currency will be entirely for the Client’s account and risk; and
(b) any conversion from one currency to another required to be made for performing any action or step taken by The Broker under this Agreement may be effected in such manner and at such time as it may in its absolute discretion decide.
