Abstract
Both the importer and the exporter need to know what means are available to make payments overseas and to receive payments from foreign buyers. They may have the option to decide whether to trade in GB pound or a foreign currency. Before they look at these important points, it would be better to consider the international financial system as this will help in the selection of the appropriate method of payment and/or settlement of funds due.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Author information
Authors and Affiliations
Rights and permissions
Copyright information
© 2019 The Author(s)
About this chapter
Cite this chapter
Bhogal, T., Trivedi, A. (2019). Foreign Exchange Rates. In: International Trade Finance. Finance and Capital Markets Series. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-24540-5_4
Download citation
DOI: https://doi.org/10.1007/978-3-030-24540-5_4
Published:
Publisher Name: Palgrave Macmillan, Cham
Print ISBN: 978-3-030-24539-9
Online ISBN: 978-3-030-24540-5
eBook Packages: Economics and FinanceEconomics and Finance (R0)