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International currency. 
In international businessthe only problem that arises is the different exchange rates used around 
the world. Each nation has its own banking system and currency. For example, Russia uses the 
ruble, the European Union uses the euro, Brazil uses the real, India uses the rupee, and Saudi 
Arabia uses the riyal. 
International exchange rates. 
The process of exchanging this currency for another is carried out in the international exchange 
market, which includes banks involved in the trading of different currencies. Many major banks 
provide foreign exchange services to businesses and consumers. Comparing the value of one 
country's currency to that of another determines the exchange rate. The value of a currency is 
affected by supply and demand. 

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Travelers and businessmen need to exchange currency in order to travel from one country to 
another. Travelers in the territory of another country can go to the currency exchange office and 
buy the desired amount of local currency. The amount of local currency they receive will depend 
on the current value of both currencies. Currency values will be displayed in the exchange sections. 
Although locations vary around the world, currency exchange offices can mostly be found at 
airports, train stations, hotels and local banks. Operators at currency exchange offices are paid for 
their services. 
Factors affecting currency values. 
3 main factors affect the exchange rates between countries: the country's balance of payments, 
economic situation and political stability. 
Balance of payments.When a country's balance of payments is positive, the value of its currency 
is usually rising or unchanged. This is due to the increased demand for the country's products and 
currency. If a country has a negative balance of payments, its currency usually depreciates.