For questions related to currencies or foreign exchange markets. Ideally, this tag should be accompanied by specific currency tags under discussion.

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2answers
42 views

How does FOREX trading work? trading vs exchanging

If I was to trade on the foreign exchange market as an individual investor and I bought 100 USD with my 70 GBP. Have I essentially converted my currency similar to exchanging the currency in a bank ...
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3answers
66 views

How can an individual trade currency directly and get the market rate?

If i needed to transfer 350000 pound into dollar, i could: 1) Go to bank / airport kiosk and exchange there (crappy rate) 2) Go through a FOREX broker (closer, but is this the official rate?) Or ...
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1answer
38 views

Federal Reserve Notes vs Coins [closed]

More of a two part question. In the current system (Fiat only currency), why is a Federal Reserve Note booked as a liability (on the Fed balance sheet), but a Coin is not booked as a liability by the ...
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1answer
44 views

How can I find out how much a currency is traded? [closed]

I am interested to find out which currencies are the highest traded. For instance, if someone travels from the UK to the US (as a tourist) and converts pounds to dollars, or a company that deals with ...
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4answers
142 views

How to invest in a currency increasing in value relative to another?

I would like to make a mid to long term investment in a currency that i think will rise. The NOK is currently very low due to low oil prices, and i would like to invest in it rising, as it seams ...
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2answers
98 views

What is the impact if there are so many millionaire in the USA? [closed]

From what I understand, the number of millionaires are increasing in the USA, but also the poor people as well. If most millionaires keep the money in the bank, how can there be enough cash flow for ...
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0answers
14 views

How to understand currency forward rates?

So I am trying to understand future "fair price" currency rates from forward rates as quoted, say, here. To make things concrete, I read: bid ask EURUSD 10Y FWD ...
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1answer
76 views

Gnucash: How to track similar expenses in two currencies appropriately?

Suppose that someone spends most of their life in one country with currency X, and a few years in another country where they have currency Y. Let's suppose also that the person earns a similar income ...
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3answers
86 views

Advice on preserving wealth in a volatile economic/political country

I'm looking for some advice on how to best position myself in an country that faces a volatile economic future in the short/mid term ahead. Some background: I live in South Africa where our ...
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1answer
54 views

Is it possible for US retail forex traders to trade exotic currencies?

I understand that more exotic forex currencies are riskier and have less volume; nevertheless, I am interested in experimenting with them. However, to my surprise, I have been unable to find a ...
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0answers
13 views

Cross Currency Pair US Trader Tax Implications

I'm trying to wade through a mountain of mumbo-jumbo online to understand how to properly comply with cross currency trading regulations, such as here: ...
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2answers
73 views

What to do with south african currency free fall

The South African money is losing a lot of its value and media are very pessimistic. What can i do in order to avoid my savings being worthless in a few months ?
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1answer
42 views

Currency forward rates

I'm looking at EUR/USD forward rates here: http://www.investing.com/currencies/eur-usd-forward-rates Can someone explain, in very simple terms, what do the bid/ask prices mean? And what is the ...
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1answer
37 views

What is the name of the financial service that holds deposits for an exchange? [closed]

I want to set up a fx currency market (the barrier is low in my region). Instead of getting a license to hold customer deposits for trading, I've been told that there are institutions that hold ...
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0answers
41 views

Yuan USD Option

Are there any possibilities for a retail investor to buy a USD/Yuan option other than the ones on the CYB ETF and those from Goldman Sachs? The idea is to bet on a lagre depreciation of the Yuan.
2
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1answer
118 views

What percentage of my money should I invest outside my country?

I live in India, and invest in both Indian and international equity mutual funds[1]. What percentage of my portfolio should I invest outside India? I thought that since India's GDP is some 3% of the ...
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1answer
58 views

VEF/USD trading option

Does there exist a VEF/USD (Venezuelan bolivar) spot or derivative market on any public exchange?
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2answers
34 views

How to find EUR/JPY chart for particular date and time

Is it possible to find exchange rates for particular date and time. For example can I find EUR/JPY chart on 30th Oct 2015 at 20:31?
1
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1answer
80 views

How do I hedge properly against inflation and other currency risks? [closed]

What is the best way to split individual investments between commodities and individual currencies? Is there an advantage to investing in commodity money and if so, what percentage of your personal ...
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2answers
48 views

How do currency ETFs track the spot prices? And which amount one has to invest for full hedge?

I've got a couple of doubts about how currency ETFs work. How do they track the spot price? For example, I was checking the FX pair GBPUSD, I've seen: Spot price GBPUSD: $1.5382 ETF long GBP short ...
4
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1answer
198 views

Obtaining Pound Sterling Cheque in US to pay for family history records from England?

When ordering various family history records from England, payment often must be in the form of a pound sterling cheque. How do I obtain a pound sterling cheque while living in the United States?
2
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2answers
74 views

How do I bring money overseas?

I am Australian and am going to Malaysia in a few weeks. Now obviously I would like to bring some money with me so I can buy things like food and the such. What would be the best way to go about ...
4
votes
4answers
682 views

Should I invest in the world's strongest currency instead of my home currency?

Kuwaiti Dinar shows up as the most expensive in the world. Does that mean I better invest in KWD (or the safe USD) instead of my home currency (IDR)? A little background: I am just an ordinary person ...
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1answer
33 views

Currency Market Question

I am moving to Europe in March to start a 3 yr university course. I will take 35,000 Australia dollars with me. I am trying to decide how to deal with the exchange rate and would like some help. I ...
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3answers
212 views

Does the low CAD positively or negatively impact Canadian Investors?

I'm interested in getting into investing, but I have a limited amount of business experience. I plan on putting a small amount of money on the market just to see how it goes. I don't quite understand ...
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1answer
76 views

Chinese account, live in Europe - rather get paid in RMB or EUR?

I'm currently living in Germany, but have a Chinese employer. I've got an account in both countries (ICBC in China and Sparkasse in Germany), and get my salary paid in RMB to my Chinese account, and ...
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0answers
59 views

Hong Kong Dollar Options

I would like to bet on a de-pegging of the Hong Kong Dollar from the USD. Even though the volatility is perfect for an options trade, it seems hard to find any for the retail investor. Is anyone aware ...
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1answer
82 views

How to decide to leave money invested in Brazil or transfer immediately to my home country?

I have sold a property in Brazil this year with the purpose to buy a house in my home country (Germany). However, until I got all the documents ready to transfer the money to germany, I have lost ...
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2answers
60 views

Translating a List of Monthly Payments from One Currency to Another

I have a list of monthly payments in Excel that looks like this: 01/18/2005 340.00 07/25/2005 270.00 05/10/2006 500.00 03/30/2007 730.00 10/01/2007 120.00 If the payment amounts in the second ...
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2answers
4k views

How exactly does a country devalue its currency? [closed]

OK. So China devalued its currency today. How exactly does that happen? Does some official tell the Foreign Exchange the the new exchange rate for the yuan is 0.98 * the current exchange rate? ...
2
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1answer
72 views

How to identify currency of online payment

I made a donation online to a Canadian charitable organization, entering a donation amount in dollars, assuming it to be Canadian currency. It turns out that their donations were being handled by ...
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0answers
81 views

Best way to transfer funds to US from a foreign country

I'm based in Singapore and I need to transfer about $60K to an US account. Since my account is denominated in foreign currency, currency conversion will be involved. I know it can be done through ...
3
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2answers
165 views

how to withdraw Paypal USD in the United States when I'm on holiday

I've some US dollars in my Irish Paypal account that I want to withdraw when I visit New York on a tourist visa in a month. Is there anyway I can do it direct from Paypal to dollars over there and ...
3
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1answer
379 views

How much is one “lot” of EUR/USD?

In a foreign exchange market, what is the meaning of buying 1 lot (100K) of EUR/USD? Does that mean we have USD 100K, and we are exchanging it for Euro? Or do we have EUR 100K, and we are exchanging ...
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2answers
155 views

Limit on hard cash exchange (EURO -> USD) in USA

Say I have 8500 euros as hard cash in USA. Can I just walk into a bank and deposit it in my account as US dollars? Is there a limit on how much hard cash I can exchange at once in the states?
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1answer
72 views

Am I able to save money by getting loan from a lower interest rate country?

There are 2 countries: Country A Lending Rate is 4%, in a LR, interest rate is expected to remain constant Country B Lending Rate is 1% in Year 1 Q1, and there is persistent pressure to further ...
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3answers
313 views

Should ETF currency risk be avoided by changing denomination or selling in a different currency?

I am about to purchase international stock and bond ETFs as part of my retirement portfolio. I am concerned about currency denomination. Suppose that I purchase an ETF in Euros and when I start ...
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1answer
669 views

Invest as dollars in India

I resides in India (currency:Rupees).I have my payment from a US based company in dollars.They sent me the amount via Paypal.Paypal converts the payment to rupees while transferring to my Indian bank ...
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1answer
216 views

Why does a high inflation strengthen a country's currency? [closed]

A low interest rate increases money supply, which leads to high inflation. Now, how does that high inflation automatically translate into strengthening of the country's currency? If anything, because ...
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1answer
99 views

How can a Canadian get exposure to safe haven currencies?

How can a Canadian get exposure to a safe haven currency like CHF and JPY? I don't want a U.S. dollar denominated ETF. I want something in Canadian dollars, to save on conversion fees. Is this ...
3
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1answer
92 views

Buying Euros in a Canadian Trading Account

The Euro is trending low, and I have long term plans which might involve living there. I have a German girokonto (which costs me an outrageous Eur5/mo to hold), but no European trading account. ...
2
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1answer
96 views

Travelling abroad: is EUR or USD card better?

I live in Poland. Recently, banks have raised fees for card payments in foreign currency. I've heard that a good way to go around it is to buy USD and pay using it (except for eurozone and UK). But ...
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1answer
48 views

Currency forecasts for ordinary people

I'm in a situation where I earn money in one country and have debts in another, and/or intend to relocate there eventually. Thus, at some point I'll have to transfer my earnings to another currency. I ...
2
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3answers
210 views

How to withdraw money from currency account without having to lose so much to currency conversion?

I'm trying to withdraw some money from Barclays currency account, but I don't know how without losing so much on the unfair conversion rate. For example, I've found the following rates (as per ...
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2answers
139 views

Starting with Stocks or Forex?

I'm interested in both of the above, and had been reading about them for the past year and so. Now I'm finally going to invest money in stocks. But it's been brought to my attention that I there are ...
2
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3answers
683 views

How to know when to buy british pound

I will have to pay a tuition fee of 6000 British Pound by the end of August and I own Euros. How can I decide if I should convert my currency now or if I should wait a few months. I have absolutely no ...
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4answers
169 views

How to avoid/limit currency exchange fees?

I live in the US, work in the US, and have a US bank account (Wells Fargo). I've often been travelling into Canada as of late, and I find the conversion fees are quite expensive when I use my credit ...
2
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2answers
68 views

How can I diversify investments across currencies in ISA?

Is it possible to diversify investment in ISA by buying foreign currency, funds denominated in other currency than GBP, or other investment product that can hedge GBP value moves?
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1answer
158 views

Ripped plastic Canadian currency/bills

Can a ripped Canadian Plastic Bill with 60% portion of the bill remaining containing both serial #s still get full value?
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0answers
101 views

About stamp scrip - Are they useful?

Today I was reading an article on the guardian and it more or less suggested the usage of stamp scrip. To my understanding stamp scrip is a piece of paper that has a nominal value in dollars, on ...