Using FX to Your Advantage
Foreign exchange, or FX, is the conversion of one currency to another. This presentation examines why and how exchange rates fluctuate, and how transactions differ when cardholders pay in a foreign currency versus a local currency. Scenarios are used to help illustrate settling in non-local currency and the benefits a multi-currency pricing strategy can offer to consumers. The review closes with several points to consider in creating an international pricing strategy, including hedging.