Discover how to efficiently protect the budget FX rate with our guide to market-based cash flow hedging programs

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Multi-Currency Accounts

Multi-currency accounts are bank accounts that allow holders to send and receive payments in multiple currencies. In practice, they mimic a structure featuring multiple bank accounts, but with a single account number. Multiple currency accounts empower businesses to make and receive payments in local and foreign currencies without needing to convert as a result of each transaction. Multiple currency accounts are particularly useful for e-commerce firms running stores in different currencies, and, more generally, for firms with international operations.