I would just like to quickly propose a decent (IMO) and easy solution to a problem most have with random drops.
What if you could buy for example, a strange coin for 7k glimmer, a mote for 6k glimmer, an exotic bounty for 25k glimmer, etc from a new vendor. Would anyone like this because it allows people to level up to participate in raids without relying on randomness of drops being on your side to get to a high enough level (because glimmer isn't really random)?
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Xur sells the 5 heavy ammo packs for the price of 1 Strange coin, I feel like that is the correct conversion. 950 * 5 = 4,750. Glimmer is pretty easy to obtain so I agree with the 7k - 10k Glimmer conversion. If there was ever a currency exchange system.