Foreign Exchange Operations-Study on UNITED COMMERCIAL Bank Limited

Abstract

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.

The internship report on “Foreign Exchange Operations of UNITED COMMERCIAL Bank Limited” is expected to give a clear idea about the foreign exchange activities as well as the performance of UNITED COMMERCIAL Bank Limited (UCBL) over the last few years.

The whole report is divided into four parts- Introductory part, Organizational part, Learning part and concluding part. The first chapter is the introduction chapter of this report. It contains introduction, origin of the report, scope of the report, methodology of the study, sources of the information, and limitations of the report.

The organizational part contains historical background of UNITED COMMERCIAL Bank Ltd and its vision, mission, objectives, products etc the learning part shows the role of L/C in the foreign exchange operations, foreign exchange activities like Import, export remittance etc. This part also shows SWOT analysis of UCBL.

Then I have suggested some recommendations for UNITED COMMERCIAL Bank Limited. Finally I have included the appendix and recommendations part.