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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0answers
16 views

What will be the impact of the Euro’s devaluation on Coca Cola’s margins and Net Income?

I think this is straight forward but I have been working on this and would appreciate any insight from anyone wanting to take a stab at the following. Thanks in advance! Coca Cola Europe sells 80% ...
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2answers
61 views

Forex Market - The Underlying Question [closed]

There's a lot of people out there who trade Forex but I really doubt their understanding of the exact technicalities of the Retail Market e g what e4xactly happens when you trade and how come you can ...
0
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1answer
57 views

Going long vs short, mechanisms involved

I am having a bit of an issue with regards to understanding a shortening position. If for instance a currency pair, such as the USDRUB which is trading around 70 RUB/USD right now, or 0.01428(=1/70) ...
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1answer
54 views

Forex in General

If I am profiting so much from my broker, how do they gain their profit from? From the other user like me that loss? For example Meta Trader, any of the graph is actually real based on current market ...
1
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2answers
54 views

Translating a List of Monthly Payments from One Currency to Another

I have a list of monthly payments in Excel that looks like this: 01/18/2005 340.00 07/25/2005 270.00 05/10/2006 500.00 03/30/2007 730.00 10/01/2007 120.00 If the payment amounts in the second ...
4
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2answers
1k views

How exactly does a country devalue its currency? [closed]

OK. So China devalued its currency today. How exactly does that happen? Does some official tell the Foreign Exchange the the new exchange rate for the yuan is 0.98 * the current exchange rate? ...
4
votes
2answers
115 views

What is the cheapest way to move money from the United States to Canada?

I live and work in the United States but I have several loans in Canada that I need to pay on a regular basis, so I'm constantly moving money to Canada. Right now, I have an American Royal Bank ...
1
vote
2answers
141 views

Exchange rates - when to multiply or divide?

Disclaimer: These are hypotheticals, not real exchange rates. When doing exchange rate calculations, is the currency to the left the currency you're exchanging, and the right the one you're ...
2
votes
1answer
36 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 ...
3
votes
2answers
57 views

How to decide if I should take my money with me or leave it invested in my home country?

I live in Brazil and next week I'm gonna move to Sweden. I'll stay there for the next two years with a scholarship that covers all my living expenses. I have some money here (in BRL) that I won't need ...
1
vote
1answer
33 views

Cheapest USD to GBP transfer [closed]

I have recently returned from a year in the US and have my last month's paycheck sitting in my US bank account (which I have yet to close). I'd like to transfer most of it (say, $4500) into my UK bank ...
0
votes
2answers
83 views

Getting loans from Foreign banks

The interest on bank loans is 10% in India. Instead, is it possible to get loans from USA banks to India at 3.3-4% for a project ? Is this what is called hedging or hedge funds ?
3
votes
0answers
65 views

Swedish krona to Euro

I have 1 million SEK in a Swedish bank account which I wish to transfer to my bank account in a country using the Euro. How do I transfer this money so as to avail of the best possible exchange rate? ...
3
votes
2answers
308 views

Investing While the Candian Dollar is really low

I am just Starting to get into investing now that I am the age where I have a Steady job, pension plan and government bonds and a good savings. But with the Canadian Dollar being close to 0.70$ USD it ...
3
votes
1answer
102 views

How much is one “lot” of EUR/USD?

In a foreign exchange market, what is the meaning of buying 1 lot (100K) of EUR/USD? Does that mean we have USD 100K, and we are exchanging it for Euro? Or do we have EUR 100K, and we are exchanging ...
4
votes
2answers
162 views

How to calcuate forward exchange rate or interest rate parity?

Suppose USD/SGD 1.35-1.39 bid and ask. Given the bank quoted interest rate on USD is 1.96% - 2.083% pa and interest rate on SGD is 3.5% - 3.656% pa. How to calculate the forward bid and ask exchange ...
2
votes
1answer
72 views

Forex - Does initial currency invested matter?

My question is around the base currency and what bearing, if any, this has on the to the initial currency you invest when opening a trading account. For example, I live in the UK so I open an account ...
0
votes
1answer
34 views

How to Receive US Dollars for my savings account

I'm Planning to open-up a small consulting firm in india. I need to know is there a way to open up an US bank’s account in my name in USA, without being physically present in US or visiting US? ...
0
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1answer
30 views

Forex independent investments

Recently my country's currency has dropped against the US dollar, and soon i will be feeling the pitch in my pocket as all my investments are perhaps in my local currency, will drop in value. I am ...
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votes
1answer
89 views

How to reduce or avoid currency exchange costs when buying and holding etfs

I am living in the UAE and I have opened a trading account to buy and hold etfs. However, the etfs are mainly in U.S. Dollars, euros and Canadian dollars and I am using a dollar cost averaging ...
0
votes
0answers
51 views

debit/prepaid card in NOK

From time to time I travel around the world and was wondering how can I reduce costs when paying by card. Sometimes this may be acceptable if you have a good card in USD/EUR, but sometimes even that ...
0
votes
1answer
70 views

What is the meaning of “Closed Short” ,“Opened Long” ,“Scaled Out” and “Scaled In”?

I wonder if "Opened Long" and "Closed Short" mean "sell" at forexfactory.com? What about "Scaled Out" and "Scaled In"?
0
votes
1answer
70 views

Withdrawing money abroad

I am visiting europe but i am using my local bank in my home country. My home country bank cut international withdrawal fee every time i withdraw, thts fine but what i wanted to know, when is it good ...
0
votes
3answers
143 views

How to exchange foreign non-US currencies cleverly, in Canada?

I ask this for my friend in Canada who wants to exchange some Asian currency into CAD. We all wish to avoid banks' exorbitant conversion fees. Norbert's Gambit appears to apply only for converting ...
2
votes
1answer
191 views

Legal way to give money to friend in USA and take equivalent amount in India

Is it legal to give money(USD) to a friend in USA and take equivalent amount in India? My friend is planning to buy a house and he wants some money in USA. He has the equivalent amount in India. ...
3
votes
2answers
135 views

Can someone please help me understand Foreign Exchange Rates?

As an example, this page gives the following rates: AUD/USD: Bank buys (I want to receive/sell) - 0.882 Bank sells (I want to send/buy) - 0.7448 Does this mean that if I want to ...
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votes
1answer
84 views

How can a Canadian get exposure to safe haven currencies?

How can a Canadian get exposure to a safe haven currency like CHF and JPY? I don't want a U.S. dollar denominated ETF. I want something in Canadian dollars, to save on conversion fees. Is this ...
2
votes
1answer
74 views

Buying Euros in a Canadian Trading Account

The Euro is trending low, and I have long term plans which might involve living there. I have a German girokonto (which costs me an outrageous Eur5/mo to hold), but no European trading account. ...
2
votes
1answer
84 views

Travelling abroad: is EUR or USD card better?

I live in Poland. Recently, banks have raised fees for card payments in foreign currency. I've heard that a good way to go around it is to buy USD and pay using it (except for eurozone and UK). But ...
0
votes
1answer
48 views

What is the big deal about the chinese remnibi trading hub that opened in toronto

Reading this new release is all the hype because these folks will give a better exchange rate between CAD and yuan than the kiosks at the airport?
1
vote
2answers
127 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 ...
2
votes
3answers
185 views

How to know when to buy british pound

I will have to pay a tuition fee of 6000 British Pound by the end of August and I own Euros. How can I decide if I should convert my currency now or if I should wait a few months. I have absolutely no ...
1
vote
1answer
203 views

What is the difference between spot forex trading and cfd forex trading?

Some brokers offer to clients the facility to trade the foreign exchange market via the spot market or via CFDs. The thing I don't understand is that some currency pairs are offered via both methods. ...
2
votes
1answer
80 views

Is a US expat with savings in multiple currencies considered to be investing in the non-USD currency?

I am a US citizen who has been residing and working in Cabo Verde, so have been primarily earning and spending escudos. I have money in checking accounts in both countries, each in the currency of ...
5
votes
1answer
152 views

Foreign currency losing value — can I report this as a loss for tax purposes?

I live in the U.S., and I have a savings bank account in Ukraine. The money on that account were in UAH (Ukrainian Hryvnia), which lost ~50% of its value during 2014. This means the amount on my ...
3
votes
1answer
57 views

Calculating selling rate for foreign currency exchange

I occasionally buy USD to load a prepaid debit card to buy things from online. My local currency is different (lets assume that my local currency name is 'A') and the amount and buying rate vary every ...
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votes
4answers
139 views

If I want to take cash from Portugal to the USA, should I exchange my money before leaving or after arriving?

I'm thinking of going from Portugal to the USA, but I want to take some money with me so I have some cash when I get there. I specifically want to carry cash because I don't have a credit card or ATM ...
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votes
2answers
119 views

How do I buy and sell money as an investment online?

In the foreign exchange and money markets what are the commonest ways to trade in currency online? I'm based in the UK.
1
vote
2answers
212 views

Cheapest/easiest way to convert AUD to USD on a short-term (2-3 month) basis

I am moving from Australia to the United States soon. Most of my cash is in AUD. When I arrive in the USA, I will be spending in USD. The AUD has been weakening substantially recently against the ...
2
votes
1answer
66 views

Swap hedging a currency hedge

I want to open a short position for USD/JPY that I intend to leave alone for a while in order to currency hedge my investments. Last year, my US stocks appreciated quite a bit and I don't want to ...
2
votes
2answers
81 views

Why have candlestick charts overlaps?

my understanding of candlestick charts is that they are composed of open/high/low/close values of a particular timeframe. Now, if I opt for a, say, hourly chart, this would imply that the opening ...
1
vote
1answer
282 views

Tax consequences when foreign currency changes in value

As a US taxpayer, if I hold some foreign currency that gains or loses value, what are the tax consequences when I exchange the currency for US dollars or other goods or services? Let's take a ...
2
votes
2answers
81 views

how much of foreign exchange (forex/fx) “deep liquidity” is really just unbacked leverage and what is the effect?

During the recent debacle of some high profile FX brokerages, I read some good articles that talked about FX brokers offering up to 1000:1 leverage ratios. Apparently it's pretty normal to find 200:1 ...
1
vote
1answer
104 views

Why would Swiss franc rise cause FX firm failures?

See this article - does this imply a lot of people were holding short positions on the currency? Given the well-known upward pressure, why would anyone do this?
0
votes
1answer
291 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
votes
1answer
67 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 ...
0
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1answer
81 views

Investing in USD from the Eurozone (Jan 2015)

A local economics professor recommended opening a "checking account" (forex account?) in USD with euros. He estimates a 5 to 10% yearly growth in the EURO value of such an account. For instance, ...
32
votes
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
votes
2answers
103 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
204 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 ...