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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0answers
28 views

How does currency devaluation work? [on hold]

What is currency devaluation? How does China use it with it's currency? China is playing a dangerous game with its currency, moves that could send the global economy into recession. China's ...
0
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2answers
88 views

Maker taker fees - can somebody explain in plain english?

I'm interested in learning about how trading works, but this is all very new to me so bear with me. (I'm just poking around at this point, obviously nowhere near ready to actually be trading) Some ...
0
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0answers
26 views

Why is currency considered as Fed's liability? [duplicate]

I understand that Reserve is Fed's liability because it's owing money from the banks. But I don't understand why currency is Federal Bank's liability. Is it saying that all the currency in circulation ...
3
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1answer
44 views

Moving to Europe, savings in the US, alien both in Europe and the US, trying to maximize exchange rates

This question has several parts, but the underlying story is the following: I currently live in the US, I am moving to Europe (specifically, France) in a couple of months, for at least two years. I ...
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1answer
26 views

Direct access to the currency exchange market

It is now fairly common for "lambda" users to have direct access to the stock market, i.e., see the book of order (up to a given depth), place a buy or sell order, cancel an order, etc. The bank or ...
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2answers
51 views

What foreign currency exchange rate is applied at cash machines

I recently came back from Auckland and China . Prior to withdrawing cash from ATMs , the currency exchange sell and buy prices give an estimate price. I wonder how much € exactly will 100 NZD cost. ...
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2answers
127 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 ...
2
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2answers
111 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 ...
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5answers
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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0answers
52 views

How long is a bill in circulation between stops at a bank? [closed]

I'm curious if there are any studies about how many hops cash usually takes between being at a bank. The thought experiment I'm looking at is if every bank recorded the serial numbers of the bills ...
6
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2answers
655 views

How can I cash out my prepaid cell phone?

As a very frugal person, I have a prepaid phone plan that costs $100 a year. For the past two years, I've spent roughly $50 of that each year. As long as I renew the plan with another $100 every year, ...
2
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1answer
86 views

Why is there two currencies in Venezuela's money?

If you go to DolarToday you will find the real actual foreign exchange of currency between BsF (Bolívares fuertes) and American dollar. However, in other places you will read that the exchange is ...
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0answers
31 views

US tax question, sold foreign stock and after some time repatriated the money. How do I handle currency fluctuations?

I, a US citizen sold some foreign stocks. But could repatriate the money to US after a while. In that time the currency moved substantially. How do I account for currency fluctuations? My Schedule D ...
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3answers
2k views

Why do people buy US dollars on the black market?

I was reading news articles about people in Venezuela and Iran getting a poor exchange rate for US dollars on the black market. Why do these people need to buy dollars? Why is it still worth while ...
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1answer
1k views

What is forward selling in terms of exchange rates?

We are selling some custom made products which we need to buy materials for in different currencies e.g. 100 USD + 50 EUR + 20 SGD, and we sell the products in a currency that our customer prefers ...
0
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1answer
84 views

Ways to take advantage of high/low currency prices

Currently 1 USD can buy around 0.88 EUR which is historically quite high (a few years ago it used to be 0.6-0.7). I live in The Netherlands and therefore use euros as a day-to-day currency. Now that ...
0
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2answers
68 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 ...
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12answers
9k views

How to get rid of spare change

So I have about $50 in pennies, dimes and nickels. What would you do with it? I'm asking because I don't think spending hours rolling up the change and taking it to the bank is the best/most ...
37
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4answers
12k views

It is legal for a retailer/store or other business to refuse $50 & $100 bills or other legal tender, e.g. pennies?

I'm trying to find out about businesses refusing $50 & $100 bills. Aren't they required by law to accept all legal tender? I had one person say it could be that it's not all legal (i.e. a ...
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2answers
2k views

Why is a coin an asset whereas a note is a liability on the Federal Reserve's balance sheet? [closed]

Can someone explain me why coins are assets and notes are liabilities for the U.S. Federal Reserve? I know coins are made from "precious" metals, but even notes are made from various materials too, ...
0
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1answer
79 views

Change rates between RMB and U.S. dollars for money transfer between China and U.S

Let R_1 be the change rate from RMB to US dollars when transferring money from China to U.S., and R_2 the rate from US dollars to RMB when transferring money from U.S. to China. Are R_1 and R_2 ...
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votes
3answers
99 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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2answers
63 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
456 views

How do you go about buying currency futures for foreign currencies?

I was interested in buying currency futures for some foreign currencies. How do you go about getting these? I am looking for 6 to 12 month futures.
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2answers
247 views

Is there a comparison site for foreign money exchange vendors?

Is there a comparison site for foreign money exchange vendors? When I travel internationally, I find that some of the vendors can charge different types of commissions and the rates vary wildly. ...
1
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1answer
834 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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4answers
156 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 ...
0
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1answer
40 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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votes
1answer
45 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 ...
3
votes
3answers
5k views

What effect would currency devaluation have on my investments?

I am curious what effect currency devaluation has on the value of my various investments/assets. For instance, I have retirement savings in mutual funds, growth stocks, and bonds. First, let's ...
6
votes
5answers
810 views

Layman's guide to getting started with Forex (foreign exchange trading)?

How should I get started with Forex (foreign exchange trading)? How should I prepare myself for it? Please give your answer thinking of me as a layman.
1
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1answer
118 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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0answers
18 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 ...
4
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3answers
90 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 ...
2
votes
1answer
44 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 ...
1
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1answer
57 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
15 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: ...
2
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1answer
137 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 ...
3
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2answers
79 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
77 views

VEF/USD trading option

Does there exist a VEF/USD (Venezuelan bolivar) spot or derivative market on any public exchange?
4
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1answer
250 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?
8
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1answer
12k views

How do multi-currency bank accounts work? What is the advantage?

I've recently read that banks are offering multi-currency accounts to their business customers. How do they actually work? Is it one bank account and the balance is available in, let's say for ...
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1answer
38 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 ...
0
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0answers
42 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.
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2answers
39 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?
3
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2answers
223 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 ...
1
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2answers
58 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 ...
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1answer
83 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 ...
4
votes
2answers
621 views

Why is seigniorage different for paper notes and coins?

Wikipedia defines Seigniorage for paper notes and metal coins. Why is seigniorage for paper money not just face value - production cost? I can understand using just the interest rate in the age of the ...