A rate of a specified currency for converting all profits and losses into U.S. dollars is beneficial for businesses because it allows them to have a standard Conversion Rate to rely on when calculating their earnings or losses. This can help businesses stay organized and make informed decisions about their finances. Additionally, using a standard currency conversion rate can prevent confusion and misunderstandings between different parties involved in financial transactions. Overall, using a set currency conversion rate is an efficient way for businesses to manage their finances and avoid any potential complications."