This tag is to be used for any question related to rates between 2 pairs of currencies. If the question is generic, only this tag is sufficient. If its specific for a pair of currencies, ideally both the currency tags should also be used.
-2
votes
0answers
34 views
When calculating CIP between EU and US, which interest rates data to use?
I am wondering which data to use to test the Covered Interest Rate Parity between Europe and the United States. Recap that for the CIP to hold, it should mean that
F/S = (1+r)/(1+r*) where
F = the ...
5
votes
3answers
92 views
Where can I find announcements of official GDP figures for the US and other countries?
Specifically, I'm looking at the Forex markets, and I'm waiting for today's US GDP figures. I'm keeping an eye on the financial papers, but where can I find official sources of information, maybe as ...
2
votes
0answers
44 views
How to calculate average drawdown of a trading system?
Let's say that I'm trying to evaluate a FX trading system. I know how to calculate the largest drawdown during a period of time, but how can I calculate the average drawdown or the average largest ...
3
votes
2answers
139 views
What college degree should I pursue to learn about stock and forex markets?
What college degree should I pursue to learn the fundamentals of the stock market? Are there way to understand how stocks and foreign exchange markets work, including their strategies and drawbacks?
4
votes
1answer
49 views
How can I observe exchange rates?
I need a lot of Euros because I frequently travel to European countries. Therefore, I always have an amount of Euros at home and from time to time I exchange a large amount of Euro. To save some ...
1
vote
0answers
82 views
Equity prices during currency devaluation — Mexico 1994
If I own a company whose assets are 100 barrels of oil valued at $10,000 in some currency, and the currency's value suddenly drops by a factor of two, I would expect that my company is now suddenly ...
3
votes
3answers
152 views
Forex vs day trading for beginner investor
In essence, for a person that has not had any real experience with either (except for playing around in simulators like investopedia):
which one would an individual have the most potential to ...
1
vote
1answer
44 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 ...
1
vote
1answer
48 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?
1
vote
0answers
22 views
Does a webpage for historical currency exchange rates and inflation data exist?
Say that I'm watching a Swedish movie from the 70s where a bank gets robbed and the robbers get away with 10 million sek. I would then like to know how much would that correspond to in us dollars ...
0
votes
2answers
382 views
Why EUR price value is often the same as original USD price, but GBP value is correct?
Since the very beginning of accepting EUR payments in 2002 I often see there is the same EUR price value as original USD price.
Many international suppliers, stores, e-shops offer the same stuff in ...
4
votes
2answers
157 views
Good way to record currency conversion transactions in personal accounting software?
I have deep personal financial connections to two countries, with different currencies. (They happen to be Canada/CAD and USA/USD, but I don't think that's material.) I have multiple bank and ...
6
votes
1answer
64 views
Accounting for payment into wrong currency account
I deal with clients in several countries and have two bank accounts in two currencies. Recently, I sent out an invoice with the wrong bank account number, so a client invoiced in SGD made a payment ...
4
votes
1answer
120 views
Getting a USD cheque, without too many fees, and with a sensible exchange rate?
In order to exercise a stock option, I find myself needing a USD cheque. Annoyingly, it has to be a cheque and it has to be in USD, neither a GBP cheque nor a USD wire transfer are acceptable. (I've ...
0
votes
1answer
129 views
searching for historic exchange rate provider which meets this example data
I'm looking for a provider of historic exchange rates which fits a sample of exchange rates I have. My problem is that I have historic turnovers in GBP which I want to recalculate in EUR. All I know ...
2
votes
1answer
125 views
Most beneficial currency exchange method for Chinese travelling to USA?
I will be traveling to the United States soon. My money is all in Chinese renminbi. My understanding is that I have 5 options available for converting my RMB to USD:
Buy USD from Chinese banks and ...
1
vote
1answer
111 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 ...
7
votes
3answers
456 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
102 views
Investment Club - Legal Steps
This is an extension/more detailed question I asked a while ago:
Legal documents required for managing an investment portfolio among friends?
The main question here is do I need to create an LLC to ...
8
votes
2answers
194 views
Should I do my budgeting in dollars?
I'm from India and earn in Indian Rupees. Should I do the math on my finances in USD?
The reason I ask this question is because INR lost value recently - quite a bit. So, for example, would it be ...
8
votes
1answer
243 views
FOREX: Pair Trading, What is Really Happening?
I am starting to study FOREX again and one thing about trading on the
market through means available to me personally is that one can take
positions on 'currency pairs'. This has made little sense to ...
4
votes
3answers
297 views
How and why does the exchange rate of a currency change almost everyday?
How does the exchange rate of a currency change every day? Why does that happen?
Please explain to me with a naive approach and avoiding financial jargon.
1
vote
2answers
669 views
Do I understand currency exchange rates and bank buy/sell rates?
Preface: I've just run into a bit of an issue with a bank, regarding an international money transfer that I made from the UK (with Lloyds TSB) to Australia (St. George).
The transfer was sent on the ...
0
votes
1answer
110 views
What is currency trading and how does currency trading work? [duplicate]
Possible Duplicate:
Layman’s guide to getting started with Forex (foreign exchange trading)?
I have heard that people are investing in currency trading, but i don't have any idea about it. ...
11
votes
1answer
155 views
WSJ article about CFDs - am I missing something?
In this WSJ article, it comments
Traders held a net $22.6 billion in bets that the dollar will appreciate, a gain of 31% in net wagers over the previous week and the largest such position since ...
0
votes
1answer
65 views
Can a non-Chinese private investor bet on Chinese Yuan Renminbi (CNY) going up vs. USD?
Is it possible for a non-Chinese private individual investor to bet on the Chinese Yuan Renminbi (CNY) going up against the U.S. dollar ?
1
vote
1answer
374 views
Mastercard currency conversion rates
I was looking at a product disclosure statement, and the card charges a margin for foreign transactions above the exchange rate set by Mastercard. Does Mastercard have its own spread and how could I ...
5
votes
2answers
280 views
Tax Loss on Forex Trading
In tax year 2011, I traded in a forex brokerage account in FXCM. I had trading losses. FXCM says that they do not report 1099 for US customers.
What is the proper way to report my forex trading ...
1
vote
1answer
59 views
Are England exchange rates & import prices based on the Bank of England interest rate?
Are England exchange rates and import prices based on the Bank of England base/interest rate?
Basically, I just wanted to know how and if import prices and/or exchange rates in England have the Bank ...
2
votes
2answers
126 views
What extra charges and fees will I be billed for an international credit card transaction?
I've never traveled abroad in the past. I live in the US, and am taking a vacation shortly to Italy. At this time, I'm trying to understand what additional fees will be incurred if I attempt to use ...
4
votes
4answers
300 views
Are Forex traders forced to use leverage?
I heard today that all Forex traders are forced by the Forex companies to use large leverages.
Is this true? I understand this might be good for some companies, but possibly bad for the traders. How ...
2
votes
2answers
150 views
How does leverage work?
Can someone give (or point me to) a concrete example of how leverage trading works?
Let's say in Forex. I have $1000, and I want to short/long the Euro at a 1:100 leverage. How much do I stand to ...
3
votes
1answer
719 views
Source(s) for hourly euro/usd exchange rate historic data?
I'm looking for historic data for the euro/usd exchange rate with an hourly interval. The data should look back several months.
Unfortunately I have been unable to find a source providing this data, ...
3
votes
2answers
151 views
Which forex brokerage should I choose if I want to fund my account with over a million dollars?
I'm quite experienced with stock markets (mostly NYSE and NASDAQ in fact), over 85% of my wealth comes from it. In 2012 I would like to try the foreign exchange market, can you suggest any reliable ...
1
vote
1answer
446 views
Hedging a foreign currency purchase (INR/USD) for a real estate transaction?
I'm looking to purchase a property in India, where the local currency is INR. My earnings are in USD. My down payment on this property will be in the range of 100-200k USD.
The USDINR exchange rate ...
1
vote
3answers
216 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.
2
votes
2answers
272 views
What's the difference between Currencies and FX desks at investment banks?
I'm interested in working within FX in an investment bank, but I noticed that they listed Currencies and FX separately under Fixed Income, so I'm wondering if they actually refer to different things. ...
2
votes
3answers
782 views
HSBC Hong Kong's “Deposit Plus” Product: What is it, and what strategies to employ?
I recently opened an account with HSBC Hong Kong (I am a US citizen), and I'm exploring all of the options available to me at my new bank.
One product that caught my eye is called Deposit Plus, which ...
7
votes
2answers
127 views
Price inequalities in Forex?
My understanding of forex is limited so please bear with me.
I believe foreign currency rates are traded in pairs, e.g. USD vs GBP at a price set by supply and demand.
Does this mean that it can ...
3
votes
3answers
89 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.
10
votes
3answers
486 views
When paying with card abroad is it best to pay in local or home currency?
Often when paying for something abroad using a credit or debit card I'm given the choice to pay in my home currency (GBP) or in the local currency (e.g. I'm on holiday in Thailand so THB). Which ...
6
votes
1answer
62 views
Tax due on foreign exchange element of share option program?
This is quite complicated and to be honest I'm not really expecting anyone to know the answer, but I thought it would be worth asking.
Five years ago my (UK) employer's (French) parent company ...
7
votes
2answers
102 views
Does the currency exchange rate contain any additional information at all?
Pretty often I hear someone saying stuff like "The pound is worth more than the US Dollar" or "The Kiwi Dollar is worth less than the Euro".
Well, technically it is correct that 1 pound buys me more ...
8
votes
3answers
345 views
Best / cheapest way to exchange USD for foreign currency cash?
I'm considering taking a trip abroad in a few months, and would like to exchange a moderate amount of money (say less than $2,500) into a couple of currencies (probably 60% Euro, 30% GBP, 10% ...
5
votes
2answers
128 views
How is buying a Canadian mutual fund also priced in U.S. dollars different from the plain fund?
Many Canadian banks (e.g. TD Canada Trust) split the same mutual fund into two options, one linked to the Canadian dollar and one linked to the US dollar. For example, the TD U.S. Index and the TD ...
6
votes
3answers
2k views
How can a U.S. citizen open a bank account in Europe?
Since interest rates are higher in the Euro zone than in the U.S., I'm exploring the possibility of opening a European bank account. For example, IND Direct is offering 3.5% on a 12-month CD, whereas ...
6
votes
3answers
227 views
How to trade “exotic” currencies?
Most Forex brokers only offer trading of the major currency pairs -- USD/EUR, USD/AUD, etc.
What is the best way to trade more "exotic" currencies such as the Brazilian real and the Thai baht?
3
votes
1answer
109 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
1k views
How can I check whether old foreign currency paper bills or coins still have value / considered legal tender?
Collectible value aside, let's say I have some old currency – bank notes and coins – from another country, perhaps acquired from a relative who visited many years ago.
In the case of ...
8
votes
3answers
372 views
When and how should I pay taxes on ForEx trades?
I am an Israeli citizen. I've bought BitCoin (let us agree for sake of discussion it is a currency) using US dollars.
Let's also assume I never convert the bitcoins to any other currency (but instead ...
