Internship report on Foreign Exchange Operation: A Study on BASIC Bank Limited

This report aims toward providing an overview on the Foreign Exchange Banking system in BASIC Bank Limited. The report is prepared within the broader framework of Internship Program of the Department of Banking, University of Dhaka (While preparing this report it has been tried to reveal the insights of the foreign exchange banking system of the bank a few recommendations and suggestions were also prescribed based on the observation and findings).

Internship Report On Foreign Exchange Operations Of Basic Bank Ltd

Foreign exchange, like foreign trade, is a part of economic science. The foreign exchange has played a vital role in the last decade or so on guiding the purchase and sale of goods, services and raw materials globally. International trade is the exchange of goods and services between countries, which gives rise to a world economy, in which prices, or supply and demand, affect and are affected by global events. Industrialization, advanced transportation, globalization, multinational corporations, and outsourcing are all having a major impact. Increasing international trade is the primary meaning of "globalization". As a result of international trade, the market contains greater competition and therefore more competitive prices, which bring a cheaper product home to the consumer.