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.

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-2
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1answer
21 views

How inflation in China makes real exchange rate between China and US to rise? [on hold]

I am a bit puzzled about how the rising inflation in China as compared to that in US amkes the Chinese currency to appreciate as per the real exchange rate. I am confused because I read somewhere that ...
0
votes
0answers
25 views

How much cash in INR can I carry while travelling India? I need other carrying options too [closed]

I am a Canadian citizen and visiting India for 3 months. How much cash can I carry and what are the forms and procedures? Where can I get my money converted in Canada? What are other option to use ...
0
votes
1answer
16 views

Difference btw Tom/next and Tom/Spot in Fx

I know that for Tom/Spot swap the near leg is settled T + 1 and the far leg of the swap is settled T+2. However, is a Tom/Next same as Tom/Spot swap?
1
vote
1answer
38 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 ...
0
votes
1answer
49 views

Move money from PayPal in different currency

I live in the eurozone and have about $13000 (USD) legal income on my PayPal balance. One of my bank accounts is in usd, but apparently PayPal only wants to transfer money in the main currency of the ...
6
votes
1answer
132 views

ATM took in the money after spitting it out

I tried to use an Indian bank based (HDFC) Multi currency prepaid card in a Bank of America ATM to withdraw some cash. The ATM did spit it out but took it back in weirdly, looked much like it never ...
-2
votes
1answer
30 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 ...
3
votes
2answers
74 views

How do foreign transaction fees show up on credit card statements?

How do foreign transaction fees show up on credit card statements? Are they usually itemized out? Is the purchase price on your statement just 3% higher if you have a 3% foreign transaction fee? Is ...
-1
votes
1answer
78 views

Do Visa and MasterCard process exchange differently?

My friend, who is willing to visit Indonesia, went to a Russian bank to get a debit card. The manager advised him to go with MasterCard rather than Visa, because "Visa would first convert rubles to ...
2
votes
3answers
114 views

Which currency should I use to pay for my flight ticket?

I am buying flight tickets for a forthcoming trip. The website that I am booking through allows me to pay in many different currencies. I have one credit card each for payment in three different ...
2
votes
1answer
44 views

Understanding the difference in exchange rates across banks and forex bureaus

I recently moved to Ghana and discovered that the exchange rate at the banks here is somewhere around 3.4 GHS per USD but the exchange rate at all the forex bureaus I visit is around 3.7 GHS per USD. ...
9
votes
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, ...
2
votes
1answer
56 views

Foreign currency in my uncle (no blood relation) account

I work in middle east and wanted to transfer money to my uncle's account, as a help to him. I will be depositing cash money through a money transfer agent. First question is "does my uncle have to ...
0
votes
0answers
32 views

What are my options in converting money safely?

I plan to have a vacation in Asia where general transactions are in cash rather than debit/credit cards. What is the best way for me to transfer my cash from AUD to PHP in terms of safety? As for ...
2
votes
3answers
85 views

Buying Fixed Deposit in India from Europe

Given the chance, does it pay off to open a FD in India (high interest rates, high inflation) with Euros (low interest rates, low inflation) from Europe? Or is it too risky on the long run (~ 1 ...
1
vote
0answers
63 views

How should I record invoices in foreign currency in GNUCash?

I'm a Canadian living in Canada and I've recently started a new contract with a client in the US. My previous contract specified payment in CAD while my new contract is in USD. I invoice once a ...
-2
votes
4answers
91 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 ...
0
votes
0answers
79 views

Forex trading in US

I have been trading forex (outside the US) for some time. I withdraw profits using Skrill and then transfer funds to my bank account. I will be moving to the US shortly. Can I use the same ...
0
votes
0answers
52 views

Which Bank can help me cash a US treasury Check in India

ICICI bank refuses to entertain inspite of having a bank account, any other options. Any guidance is highly appreciated.
3
votes
4answers
190 views

Why do the banks charge a foreign transaction fee?

Could somebody please explain why some banks charge a fee for card transactions made in a foreign currency? For example, for a debit card transaction, as far as I know, the exchange from the foreign ...
3
votes
2answers
66 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
92 views

Is it possible to get a debit card for a non-US-citizen nephew without foreign transaction fees?

Here is my predicament: I am a US citizen, and I have a nephew in Russia, who is not a US citizen, and whom I would like to support financially. I have easily been able to make him an associated user ...
2
votes
2answers
141 views

ROI on Forex Trading

I have lately been reading up on what Forex Trading is and how it works. In many sources, it is described that a consistent investor can generate 15% return annually. My question is, what is this ...
1
vote
0answers
13 views

Best option for transferring Euros into Indian NRE account? [duplicate]

I have a bank account in EU in euros and want to remit some funds to my Indian NRE account. What is the most efficient way to remit the funds to my NRE account: Which methods give the best currency ...
3
votes
1answer
72 views

Does investing money in other currencies help pad losses in case of a stock market crash?

I was just reading this article. Does converting USD to say Euros help pad oneself against a potential US stock market crash? While I understand that a US crash would affect the rest of the world ...
2
votes
2answers
58 views

How different are exchange rates for major banks on a given day?

I'm based in the U.S., and have an overseas client that pays me via wire transfer. I understand that the incoming exchange rate used by a bank will always be lower than the rate quoted on Google, but ...
0
votes
1answer
53 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 ...
-1
votes
1answer
65 views

Is it a bet on price fluctuations and against the house?

When one trades Forex, CFDs, metals, or stock indexes with online brokerage firms, does it mean we bet on the price fluctuations without actually owning the underlying assets and is it a bet against ...
0
votes
2answers
142 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 ...
3
votes
2answers
198 views

Delayed foreign credit card transaction refund created “profit” due to better exchange rate - who keeps the profit?

So, I bought some airfare from a foreign airline, and their payment systems were stupidly slow and outdated (esp. when it comes to refunds!), so slow I actually made money due to the USD appreciating. ...
0
votes
2answers
697 views

How can I transfer the money I made in forex trading to my bank account?

I live in India and I have gained some money in forex trading. How can I transfer the money to my bank account? Is there any legal restriction? Can I transfer from Skrill?
-1
votes
2answers
66 views

Where can I find information on Loans in foreign currency for the purchase of property in Australia? [closed]

I am looking for information on what banks, or other financial institutions, allow borrowing of money in their home currencies for the purposes of purchasing property? The type of information I am ...
2
votes
2answers
88 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) - ...
0
votes
2answers
146 views

Micro-Investing vs. cryptocurrencies vs. Forex trading

i am a student with a small monthly income. i wan to take about 20-10 % of it for a medium-risk investment , and i was wondering what would be the best option. my personal banker does not have an ...
1
vote
1answer
79 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?
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?
1
vote
1answer
78 views

How and where to get the time series of the values USDEUR?

I would like to access to the time series of the value of USDEUR with the maximum sampling rate and the maximum length. I would like to do have this time series because: I want to check the ...
4
votes
1answer
80 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 ...
0
votes
1answer
262 views

Exchanging US Doller to Indian Rupee

I am planning to visit USA next month for aprox 6 months. How do I convert US Doller to Indian Rupee when I want to transfer funds back to India. Do I have to create new bank account. Are there any ...
3
votes
1answer
109 views

Currency exchange problem

I'm a website programmer without any knowledge of finance. I'm creating a personal finance website which allows its users to enter their incomes and expenses and generate reports. I'm about to add a ...
5
votes
2answers
122 views

Does SIPC protect securities purchased in foreign exchanges?

Suppose I open an account at an SIPC-protected broker (say Interactive Brokers) and buy 500,000$ worth of BP stocks on the LSE (London Stock Exchange). Now suppose Interactive Brokers goes bankrupt, ...
0
votes
1answer
82 views

How to calculate micro lot leverage?

For these gold and silver products http://www.fxdd.com/us/en/products/metals/, how many micro lots are required so a penny move is worth a dollar? How much leverage does that equal? I've traded ...
3
votes
1answer
556 views

Help me understand Forex in Interactive Brokers

I have a CHF-based account in Interactive Brokers. I wanted to buy VEUR in LSE, which trades in GBP. I entered an order, I was told I didn't have enough GBP. Fair enough. I asked the live chat how to ...
3
votes
2answers
3k views

What foreign exchange rate is used for foreign credit card and bank transactions?

I am an Indian. I would like to know about how foreign transactions work. I have paid my GRE $185 fees through my SBI credit card. I was charged something around 11k rupees. How is the dollar rate ...
1
vote
1answer
180 views

What is the most efficient way to transfer money from the UK to a US account also in my name?

I am leaving for the states in around a months time and upon arrival I will be opening a US account. I'm a student and so will be sending around £2,500 each term to the US account from funds that are ...
1
vote
2answers
247 views

How does purchasing your own country's currency as part of a currency pair work?

For instance, if the USD/JPY is trading at 99, how does a person who only holds U.S. dollars actually purchase the dollar? For example, if someone in Japan decided to purchase a single USD for 99 ...
1
vote
1answer
119 views

cross-currency accounting

I am an American and pay taxes in US dollars. I have some holdings in another currency, for instance, the Euro. Obviously the funds have never been repatriated but this lack of tax event is messing ...
6
votes
1answer
440 views

Where do web sites get foreign exchange currency rate / quote information?

There are many web sites which provide the exchange rates between currencies. Where do they obtain this information? Is there any authoritative source from which they get this data? For example, ...
1
vote
2answers
122 views

Forex, trading “currencies” or trading “relations”?

I'm newbie in Forex and have a simple question, I guess. Disregarding leverage and things alike, I would like to know what's the difference between opening a position in Forex on a pair through a ...
-1
votes
2answers
847 views

Why don't brokerages charge commissions on forex trades?

Why don't brokerages charge commissions for forex trading but do charge them for stock trading? Is it because the high liquidity of the forex market makes it easier to buy and sell, so brokerages ...