Currency Management

The process of Dynamic Currency Conversion (DCC) is now common in the airline sector - given the high degree of currency mismatch.

DCC is an easy to implement process that retains control with the booking experience.

• It involves determining the currency of the payer and offering them the opportunity to pay in their own currency;
• DCC can be implemented across all channels and relevant payment methods.
• The service may be available from your financial institution or a third party currency management specialist.
• Also consider that DCC revenue on a hotel booking could be higher that the income given the large ticket size!

Finally be sure to capture all the relevant details of any converted bookings (transaction currency and amount, FX rate and payer currency and amount) to aid reporting and query management.