Multi-currency transactions

Multi-currency transactions involve exchanging or using different currencies during a single financial activity. For example, when you shop online from a foreign seller or travel abroad, your bank or credit card automatically converts amounts between your local currency and the other currency. This process involves currency exchange rates, which fluctuate based on global markets, and may include additional fees. Multi-currency transactions enable seamless international payments, allowing businesses and individuals to transact across borders without needing separate accounts in each currency. They facilitate global trade and travel, making cross-border financial activities more efficient and accessible.