Manachynska Yuliia, PhD in Economics, Associate Professor of the Department of Finance, Accounting and Taxation, Chernivtsi Trade and Economic Institute of the State University of Trade and Economics, Chernivtsi, Ukraine

ORCID ID: 0000-0001-9155-3417
e-mail: yu_manachynska@ukr.net

Currency Transactions in the Banking Management System and their Digital Accounting Features

Abstract. Introduction. Currency transactions play a key role in banking management, influencing risk management strategies, financial stability, and adaptation to global changes. Strengthened international standards and the development of cryptocurrencies underscore the need for research into currency transaction accounting and innovative approaches to risk management.

Purpose. The article is to explore modern approaches to managing currency risk, analyze the accounting aspects of currency transactions, and assess the impact of regulatory and technological changes on the banking system.
This paper examines current aspects of foreign exchange management in the context of modern economic challenges. Special attention will be given to innovative strategies that effectively manage currency risk, as well as the impact of currency operations on banks’ corporate strategy. The integration of environmental and social aspects into the activities of the banking system, contributing to sustainable development, will also be examined. Technological innovation and automation have become key factors in the optimization of currency operations, while the specifics of accounting in the context of the active introduction of cryptocurrencies are studied. There is a strong focus on adapting to regulatory changes that affect the operation of the FX market. The research also covers the impact of global economic processes that shape modern approaches to managing currency transactions. Thus, addressing these issues allows not only to assess the current state of the foreign exchange market, but also to identify directions for its further development in the context of dynamic changes.

Results. The study identified the need to integrate innovative strategies, improve cryptocurrency accounting, automate currency operations, and enhance the regulatory framework. These measures will help increase the transparency, efficiency and resilience of the banking sector.
The recommendations developed will help banks optimize currency transactions, reduce currency risks, implement innovative technologies, and improve access to financial services in different regions.

Conclusion. Banks’ adaptation to regulatory changes, the implementation of digital currencies, and the automation of operations enhance their competitiveness and stability in conditions of global uncertainty.

Keywords: currency operations; currency risks; digital currencies; automation; banking management; exchange rate differences; regulatory changes; banking system.

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