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In an increasingly interconnected world, the study of International Financial Management (IFM) has become essential for understanding how global financial systems operate, interact, and influence business decisions. This textbook has been crafted to provide MBA students with a clear, structured, and in-depth understanding of the principles, practices, and challenges of managing finance in an international context. We live in a time where exchange rate movements in one part of the world ripple through stock markets, trade flows, and economic stability elsewhere. It is no longer sufficient to look at finance through a domestic lens; today’s business leaders and students must learn to think and act globally. This book serves that purpose by covering a comprehensive set of topics such as Balance of Payments, Foreign Exchange Markets, Exchange Rate Mechanisms, Parity Conditions, Multinational Capital Budgeting, Currency Risk Management, and International Investment Decisions.