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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1answer
22 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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2answers
89 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
89 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 ...
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4answers
47 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
41 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?
2
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1answer
96 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
82 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 ...
0
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0answers
15 views

FX Conversion on GDRs when two exchange rates exist

How do we calculate the expected FX rate on a GDR if the official rate differs from the black market rate significantly enough to be a concern. I understand that arbitrage would be involved here but I ...
0
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1answer
38 views

Demurrage vs inflation [closed]

Is demurrage and inflation the same? If both are at 1% a day and today I have $100, tomorrow: - Under demurrage I'll have $99 - Under inflation I'll have $100, but that $100 will be worth only 99 of ...
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1answer
70 views

Virtual currency investment

Let's suppose I have some ammount of money in virtual wallet like Paypal or Bitcoin. Are there ever any systems or institutions which would enable one to invest virtual currency, for example, loan at ...
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2answers
91 views

How to make use of EUR/USD fluctuations in my specific case?

I live in the Euro zone, and my main bank account is here. However, I also have a USD bank account located in the USA. I don't usually pay attention to the currency exchange market, but looking at ...
0
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1answer
135 views

USA: Foreign currency savings, trades and tax implications

I have a question on the tax implications on my foreign currency savings and currency trades. I moved to the USA in 2014 on an 3-year visa and am tax resident for part of the year. Following my move I ...
0
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1answer
57 views

What is the real exchange rate?

I am surprised by what I'm seeing with these different search engines when looking for the CAD-INR exchange rate. All of these were searched within a minute of each other. Bing (and Yahoo) Google ...
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2answers
74 views

Stock portfolio value & profit in foreign currency

Currently, I'm implementing currency exchange feature, for a stock market portfolio app. I had faced the following obstacle. In 2008, I bought a stock priced USD 1, using currency MYR. 1 USD is 3 ...
0
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0answers
39 views

What are some recommendations to ensure that I get the best deal when converting my money from USD to CAD?

Currently, I work for a US start up and I'm paid on the 15th and the 31st salary. I think its great that I receive the industry standard in USD instead of CAD. The money enters a USD chequeing account ...
32
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12answers
8k views

Is there a reason why someone shouldn't buy into a temporarily cheap currency of an otherwise solid economy?

As everyone knows, the ruble is falling compared to the euro and it has been falling for a long time already. The way I see it, the ruble will eventually get back up once the political situation ...
7
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2answers
82 views

Earning in a declining currency but foreign currency liabilities, what strategy assuming exchange rates continue to decline?

I earn in euros, but have sterling and dollar liabilities that need to be paid monthly. Assuming the euro will continue to decline against these currencies, is there anything I can do to protect or ...
5
votes
1answer
117 views

Tax implications of currency exchange between friends?

I am a US and French citizen and have bank accounts in both countries. One of my friends is a Permanent Resident in the US and also has French citizenship, with bank accounts in both countries. I ...
2
votes
1answer
40 views

How to bet that INR will gain in value

If I want to bet that in the next 3- 5 years, under the new government, the INR will recover most of its values against USD (a.k.a 1 USD = 50 INR), what investment/trading/betting options are ...
1
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2answers
63 views

How do companies protect employees' income from currency flucturations? [closed]

Say you are an export-oriented company, selling products abroad and receiving income in some (nominally stable) basket of currencies. Now let's suppose your own domestic currency, the one you use to ...
3
votes
1answer
205 views

Will I get taxed on withdrawals from Real Cash Economy games?

I'm a Dutch (from the Netherlands) player of a game called Entropia Universe. Entropia Universe is a game owned by MindArk. MindArk is a company located in Sweden. Entropia Universe is a game that ...
0
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2answers
51 views

Is there a graphic or dataset way to campare the performance of the main currencies over the years?

Is there a graphic or dataset way to campare the performance of the main currencies over the years? I mean a graph that allows to compare many currencies on the same chart, and not two currencies at ...
2
votes
1answer
96 views

Why HKD-USD conversion rate has been so stable for years?

I reviewed the HKD-USD exchange rate and found it quite stable for years no matter what "big events" happened. Why so?
1
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1answer
48 views

Using the online broker as a currency converter

As a Canadian citizen who often needs to change back and forth between CAD and USD, the common options are usually the banks and the airports. To save on high conversion fees (a.k.a wide spreads ), ...
0
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1answer
80 views

What is the best way to move money to the US from Brazil?

I just got married and my wife is moving with me to the US. We have been living in Brazil together for 2 years and have some savings. What is the best way to move $10.000 to $15.000 to a US account ...
2
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2answers
109 views

Legality of facilitating currency exchange between private accounts

I have accounts in India and the UK. Similarly, a friend has an account in each country. If I am in need of some money in GBP, I could receive money in my UK account from my friend's UK account. I ...
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1answer
125 views

fastest way to move USD to EUR

I have the following situation wrt revenue from online business that I transact funds are coming in to my PayPal account in EUR & USD funds are coming in (currently) via a US payment provider in ...
1
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1answer
71 views

How to manage currency risk in international investing

Exchange rate fluctuations can wipe out or augment your return from a foreign stock investment. Is there any way to protect yourself from such risk?
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1answer
47 views

How can one take delivery on the FOREX market?

I am trying to understand a little bit about the currency market. Lets say I have $10,000 dollars in cash and I am trying to buy 8000 Euros with it. Now when I take delivery, what does that mean? Can ...
2
votes
1answer
479 views

Does a falling dollar mean doom for real estate?

The Aussie dollar has started its downward trend and is predicted to go down to USD 70 cents. I was planning on purchasing a property for myself to live in. However, members in public forums are ...
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0answers
187 views

Why the euro has been stronger than the dollar? [closed]

I do not understand the relation Dollar - Euro. The US economy has been stronger than the euro in the last 10 years. If so, why has the euro been stronger than the dollar? If I understand well, what ...
7
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1answer
2k views

USD destroyed in a fire

After seeing some cash destroyed in a fire in a popular Netflix TV series, I wondered what would happen if someone's cash was destroyed in a fire. Assuming you had some way to prove that the money ...
9
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6answers
2k views

Which currency is cheaper for another currency?

Suppose that I want to buy something in GBP (pounds). How do I determine whether which costs less: CAD (Canadian Dollars) or HKD (Hong Kong Dollars) or USD, all three of which I possess? First, ...
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votes
4answers
109 views

How does the value of an asset (valued in two different currencies) change when the exchange rate changes?

Suppose an asset is traded on two different exchanges in different countries having different currencies. In an ideal world without transaction costs, tariffs, taxes or delivery costs etc, the price ...
3
votes
1answer
514 views

Legality of purchasing uncirculated bricks of USD

What is the legality of "purchasing" an uncirculated brick of bills similar to one like this: 100 NEW $2 Bills Uncirculated Consecutive 2009 Notes BEP Would it be possible (and cheaper) to simply ...
3
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2answers
76 views

Choosing currencies when using credit card on vacation

I use a Canadian Mastercard to pay at restaurants, etc. while on vacation. As a example, I recently made a transaction in Dubai, where after inserting my card and entering my PIN, I was asked about ...
2
votes
1answer
229 views

Gift tax on currency exchange with friend?

I have a friend who is moving from the UK to the US for studies. She intends to transfer her money in the UK (~20K GBP) to the US for personal maintenance. I have a brother who will be starting ...
3
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0answers
196 views

Is there a country currency, today, that has no coin variant? [closed]

I just received a wallet from China that I ordered and I noticed that there is no practical way to store coins in it. This made me wonder: Is there a currency in which no coins are actively used (so ...
1
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1answer
62 views

How do I invest in other currencies without leverage?

I am a US citizen interested in holding a small amount in another currency (euro). I would like to minimize any currency conversion fees and get a decent rate when buying the currency. I would also ...
0
votes
1answer
94 views

What is an effective way to convert large sums of US based investments to foreign currencies?

Considering the option of one day retiring to a different country (probably an EU country). I've done a good job saving for retirement in IRA/Roth/401K accounts primarily held in mutual funds and ...
3
votes
1answer
93 views

How to save money on currency conversion

I do business with a few companies in the United States, and as such, get paid in US currency for my services. I have a US account with my bank, but anytime that I make withdrawals from this account, ...
1
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1answer
95 views

Opening a multi-currency bank account abroad

I'm a Hungarian citizen, and currently living in Hungary. I'm planning a long holiday trip in Europe, visiting a few countries like Switzerland, UK, and Belgium. My bank account in Hungary has HUF ...
2
votes
2answers
95 views

How does the currency between countries relate

How does the currency and value of that currency in a country affect the currency and value of another country. For example whats does the following mean and how can it change: Costa Rica Colon) - ...
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3answers
372 views

Is Bitcoin a commodity or a currency [duplicate]

Bitcoin can be classified as a currency as it can be used as an medium of exchange or classified as an commodity given its speculative and volatile nature. What should we classify Bitcoin as ??
3
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2answers
361 views

Why certain currencies are considered safe havens in times of turmoil

Why are the Japanese Yen and the Swiss Franc are considered safe currency havens in times of turmoil, like the present crisis is Russia-Ukraine? Both these currencies have become stronger against ...
1
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1answer
83 views

How should I keep track of my financial assets across borders and currencies?

I'm an expat and am curious: Is there any better way out there to manage my various assets in differing currencies across borders and markets? Currently, I just use a spreadsheet, but it is becoming ...
7
votes
1answer
155 views

Where to categorize crypto-currencies

In Germany, crypto-currencies like Bitcoin are all over the news lately, making me aware of the fact I don't know much about them. A journalistic TV program I was watching yesterday even claimed ...
0
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2answers
74 views

Relation between interest rates and currency for a nation

I understand that if interest rates of a country A is higher than that of B, then that draws foreign investment from B to A thus strengthening the currency of A. In other words, a high interest rate ...
4
votes
2answers
67 views

Capitalize on a falling INR

Recently the INR has taken a beating. As an Indian retail investor, is there a way to capitalize on this? Assuming that the person is not in the export business. They are a salaried person earning ...
4
votes
2answers
137 views

How does the fluctuation in the foreign exchange market occur at the same time in all countries?

How does the fluctuation in the foreign exchange market occur at the same time in all countries? For example: If the U.S. Dollar depreciated, does it — and how — get automatically ...