Patent ID: 6721715
Filing Date: 2004-04-13
Classification: G06Q

Abstract:
A system for translating a first currency value to a second currency value, comprising:at least one input component capable of providing a first currency value, a target currency value, and transaction rules; at least one database capable of storing conversion rules; at least one processor; at least one computer usable medium having computer readable code embodied therein, the computer readable code being capable of causing the at least one processor to: apply optimization methods to maximize a yield of a conversion, said optimization producing customized conversion rules between any two currency values for application at each successive conversion; and, apply said customized conversion rules at each said successive conversion step in a series of translation transactions until an optimized value of said target currency is obtained; the application of optimization methods being capable of causing the at least one processor to resolve conversion issues including differences between bid and ask prices, historical spreads, delayed spreads, future spreads, interest laden spreads, spot quotes, swaps, future contracts, and remittances during the conversion process; the optimized value being a largest numerical amount obtained from currency translation.