Can you explain how international wire transfers work?

International wire transfers involve sending money electronically from one bank account to another across different countries. The sender initiates the transfer through their bank, providing the recipient's account details and the amount to be sent. The sender's bank then communicates with the recipient's bank through a secure network such as SWIFT to facilitate the transfer. The recipient's bank receives the funds and credits them to the recipient's account. There may be fees and exchange rate considerations involved in the process.