Skip to Main Content
International Business: The New Realities, 5th Edition
book

International Business: The New Realities, 5th Edition

by S. Tamer Cavusgil, Gary Knight, John R. Riesenberger
January 2019
Intermediate to advanced content levelIntermediate to advanced
576 pages
33h 19m
English
Pearson
Content preview from International Business: The New Realities, 5th Edition

Exchange Rates and Currencies in International Business

  1. 9.1 Learn about exchange rates and currencies in international business.

More than 170 currencies are in use around the world today. Cross-border transactions occur through an exchange of these currencies between buyers and sellers. A currency is a form of money and a unit of exchange. Each country prefers using its own unique currency, which complicates international business transactions. When buying a product or service from a Mexican supplier, for example, you must convert your own currency to Mexican pesos to pay the supplier. The currency system is being simplified in some locations. As we saw in the opening case, many countries in Europe use the euro. Other countries, such as Ecuador, ...

Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.
Start your free trial

You might also like

Fundamentals of International Business

Fundamentals of International Business

Sumati Varma

Publisher Resources

ISBN: 9780136763017