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Informative Article | Finance | India | Volume 12 Issue 12, December 2023 | Popularity: 4.8 / 10
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
Edition: Volume 12 Issue 12, December 2023
Pages: 2156 - 2159
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