This tag is to be used for the Euro currency as used by countries in the European Union.

learn more… | top users | synonyms (1)

3
votes
1answer
62 views

Why are exchange rates fixed for prolonged periods of time? [on hold]

Sometimes I see the following pattern when observing the history of an exchange rate: That is for several days the exchange rate becomes constant. What causes this? My best guess is that some ...
1
vote
1answer
48 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
vote
1answer
49 views

UK - How to receive payments in euros

My father as a business based in UK, but works mainly in Europe, receiving payments in euros. His bank is HSBC that, apart from charging £8 for each transfer, applies a "custom" exchange rate (i.e. ...
1
vote
0answers
79 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 ...
2
votes
3answers
112 views

How do I cash a USD cheque in Europe, quickly?

I'll receive a USD cheque shortly. I prefered payment by money transfer, but all attempts to do so - i.e. SWIFT/IBAN, Payoneer, transferwise - failed. Now I will receive a cheque by mail. I contacted ...
0
votes
1answer
86 views

Can shop in EU refuse to accept a banknote if there is no change?

Is it legal for large retail store to refuse e.g. 200 Euro banknote if there is no change? If this differs among EU countries, Estonia is of primary interest. Thanks!
0
votes
2answers
145 views

Using a FOREX platform to actually change money

Does anyone know of a FOREX trading platform, on which both GBP and EUR are traded and which allows withdrawals in a different currency from the original deposit? (Just found out forex.com only ...
1
vote
1answer
71 views

What are the details needed to receive euros from my company in Germany to a bank account in India

I want to receive Euros from my company in Germany to my savings bank account (HDFC) in India where I work. What are the exact details I have to give to my company in Germany? My company's bank is ...
1
vote
1answer
88 views

Is EUR/USD exchange rate usually unstable after a weekend?

Is it risky to initiate a wire transfer that includes currency conversion from USD to EUR during a weekend because of a volatile Mondays exchange rates?
0
votes
2answers
109 views

Validity of Visa Electron abroad

I have a Visa Electron card: debit, non-embossed, French, being a "REALYS" and "CB" as well. I would like to ask what is the validity of such card abroad in cash machines (namely in the Czech ...
3
votes
1answer
94 views

How can I pay off my school loans (denominated in dollars) with Euros without an exchange fee?

I will soon begin earning an income in Europe and paying off school loans in the U.S. Any way to do this without paying an extra exchange fee?
2
votes
1answer
435 views

Can I receive payments (EUROS) from my International clients in my savings bank account in India for my business services

I am starting a small international outbound sales campaign and will be selling my web development services. 100% payment will be received in Euros through wire transfers in a bank account or through ...
0
votes
1answer
93 views

Move from Stockholm to Ireland

I live in Sweden but plan to move back to Ireland in a number of years. When I can't say exactly but hopefully within 5 years. I'm 32 years of age, with a wife and 2 children. We earn 70k euros ...
1
vote
1answer
303 views

How can a beginner start an investment portfolio in Europe (France)?

I have been lurking, reading information about personal finances for a few months (if not years) now, but I didn't get the chance to start because I don't know where to start. Here is the thing: I am ...
1
vote
1answer
81 views

Most expeditious way to convert EUR to USD?

I recently visited Frankfurt for a week and was lucky enough to have in my possession: a) A credit card with no foreign transaction fees b) A debit card from a credit union that allows free global ...
2
votes
1answer
101 views

I’m going to Russia. Where should I exchange my currency?

Is it better to go abroad with euros? What is the best kind of place to exchange currency?
2
votes
0answers
39 views

Nonresident Travel Money (Card or Bank Account) Solution with Emergency Cash Feature in Euros?

I'm from the new EU so my country's banks are not that advanced that they can offer me this feature. So this will be a nonresident account for travel money. The solution I am looking for is like ...
0
votes
2answers
765 views

Why are prices in EUR for consumer items often the same number as original USD price, but the GBP price applies the actual exchange rate?

Since my store started accepting EUR payments in 2002 I often see the numerically same EUR price as the original USD price. Many international suppliers, stores, e-shops offer the same items in US ...
8
votes
3answers
2k views

Why did the Swiss National Bank fix the EUR/CHF exchange rate at CHF 1.20?

Two questions actually: Why did the Swiss National Bank fix the EUR/CHF exchange rate at EUR 1 = CHF 1.20 as of September 2011? How are they making sure that the exchange rate stays at CHF 1.20? ...
4
votes
1answer
178 views

How do I evaluate risk exposure to my U.K. bank in light of the possible collapse of the Euro or Eurozone economies?

I understand there are concerns about runs on banks in Eurozone countries like Greece and Spain. Should this happen, it might put pressure on banks elsewhere. How can I evaluate the risk exposure of ...
7
votes
4answers
5k views

How to change a large quantity of U.S. dollars into Euros?

What is the best way to change $30,000 dollars from the U.S., into Euros to Europe ? Is an international bank account the best solution? If not, then what?
1
vote
1answer
126 views

Short term savings

I want to save about €1500 ($2000) in 5-7 months and then take out the money and buy something specific. There is a pretty low probability that I should need some of it during the first 4 months, but ...
4
votes
2answers
247 views

What are the risks of euro deposit accounts in Greek and Cypriot banks?

What is the risk of having 100k euro in accounts in Greek banks and Cypriot banks? Is there a guarantee? I assume that the state guarantee for deposits doesn't hold when a country defaults.
4
votes
2answers
194 views

Money transfer to the U.K

Has anyone used a peer-to-peer option for sending money abroad? I pay a mortgage in the U.K. and am looking at the likes of CurrencyFair or Transferwise to exchange my Euro. Are there any hidden ...
1
vote
1answer
93 views

Could I use credit default swaps (CDS) to protect myself against decline of the Euro? Or, what else?

I'm not sure what will happen to the Euro. What options do I have to assure that my capital will not be diminished, in the event something bad does happen to the Euro? Are credit default swaps (CDS) ...
3
votes
2answers
2k views

When is the right time to convert Canadian dollars to Euros during a sabbatical abroad?

I'm planning a one-year sabbatical in Europe, starting in January 2012. I have a year's worth of expenses saved in Canadian dollars. I'll need euros for day-to-day transactions while abroad. What ...
0
votes
2answers
151 views

How do I prepare for the possible inflation of the euro?

Lately there's been a lot of fear being spread about the health of the Euro. I am not panicking, but I'm a bit worried about my savings. So here's my question. What is the best way to prepare for the ...
1
vote
2answers
1k views

Why do the 1 and 2 euro cent coins exist and why are they used?

Let's say I go to the supermarket. I buy some milk priced at 2.34 €; at the cash I'm expected to either give 2.34 € (not 2.30 €) or give 2.35 € and wait for the 1 cent change. If I say I don't want ...
2
votes
1answer
2k views

How to send money from europe to usa EUR - USD?

What's the best way for transferring money from Europe to the USA and vice-versa? With best I mean lowest fees and a good exchange rate. To the best of my knowledge banks are usually bad with both. I ...
5
votes
1answer
300 views

How do I minimize exchange rate spread costs when shopping online?

I get my income in euros. I need to pay for stuff in USD because I use shops like Dealextreme where the base currency is USD. I have a Visa Debit card (so not a real Visa) since I am a student but ...
5
votes
7answers
1k views

How to make money from a downward European market?

The trader Alessio Rastani speaks in a BBC interview about the development of the Euro zone and his predictions are quite severe. He predicts a crash within the next 12 months but is also telling ...
7
votes
3answers
122 views

What will be the long term impact of the newly defined minimum exchange rate target from francs to euro?

Switzerland's central bank stepped in to stop investors driving up the franc on Tuesday, sending the euro up nearly 9 percent and stifling a tentative European stock recovery from sharp losses a day ...
2
votes
3answers
142 views

Using Euros to buy and sell NASDAQ stocks

I'm looking for the best way to buy and sell stock on the NASDAQ using Euros from Spain. I currently use Charles Schwab to trade in US dollars, but I'm not aware if any similar companies exist in ...
7
votes
3answers
1k views

How can a person protect his savings against a country default?

I'm a middle-class citizen, currently living in a EU country (Greece in my case). How can I protect my little savings (that I currently have in a Greek bank) against a country default, like the one ...
3
votes
1answer
264 views

If Greece decides to stop using the Euro, how would they implement it?

In particular, if they decide that they want to stop using the Euro as their currency, and have their own currency, how would that work? Since greece euros are the same as other european country's ...
3
votes
1answer
148 views

Prepaid travel credit cards: Is there a low-cost card supporting top-up in multiple currencies, without conversion fees?

With reference to the CantonFX cards http://www.caxtonfxcard.com/cards_description.asp Which card do I use if I need to use multiple currencies at the lowest cost & I only want to carry one card? ...
4
votes
1answer
406 views

Considering inflation, what's the value of Euro today (January, 2011) compared to 2005?

So what would be 1000 Euro from 2005 worth today (January, 2011), considering the inflation?
5
votes
6answers
624 views

What would happen if the Euro currency went bust?

Seems to be a lot in the news recently (Google Business news UK) discussing that the euro currency may not survive. They suggested it has a 1/5 chance of surviving the next decade. What would ...
2
votes
1answer
1k views

Which U.S. banks offer Euro currency bank accounts?

Same as this question, but for the USA.
3
votes
1answer
4k views

Which Canadian banks offer Euro currency bank accounts?

I'm looking to open an account in Euros, with a bank situated in Canada. Which banks offer this kind of service?
8
votes
3answers
927 views

What exactly happens to Euro if one of European Union countries goes bankrupt?

What happens if one of the European Union countries goes bankrupt? Suppose I have money (bank deposits at local banks) in US dollars, Euros and local currency (I'm not in the US). Now one of EU ...
9
votes
1answer
213 views

Why could the serious financial woes of some EU member states lead to the end of the Euro?

I've been reading a lot about the impending bankruptcy of Ireland/Portugal/Spain etc. and how this could mean the end of the Euro. I cannot connect the dots here. Why would this mean the demise of ...
4
votes
1answer
203 views

Should I change money from Euros (EUR) to Sterling (GBP) before I go away near the end of the year?

I 'have a friend' who is going away traveling towards the end of the year. She has a few thousand Euros which she is going to spend whilst she is away and was asking if she should keep it in Euros or ...
10
votes
6answers
2k views

When will the U.K. convert to the Euro as an official currency?

When will the United Kingdom switch to using the Euro? The main group of European countries have adopted it as a common currency and it appears this is the future direction. If not, what are the ...