Implementing Multi - Currency and Forex Conversion Systems in International Banking

Sandeep Rachapudi

Abstract: In today's globalized market, more and more companies are navigating the opportunities and challenges of doing international business. For those continuing to scale, there comes an increased complexity with currency and regulations. Forex conversion involves implementing complex rules, handling conversion across multiple currencies, and transacting by using base currency. The goal of this paper is to describe the complex nature of managing forex systems and understand the challenges with implementation and maintenance of forex systems.

Keywords: Forex, Payment Networks, ACH, International Banking, Visa, Master Card

How to Cite?: Sandeep Rachapudi, "Implementing Multi - Currency and Forex Conversion Systems in International Banking", Volume 12 Issue 12, December 2023, International Journal of Science and Research (IJSR), Pages: 2156-2159, https://www.ijsr.net/getabstract.php?paperid=SR24914163145, DOI: https://dx.doi.org/10.21275/SR24914163145