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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0
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1answer
21 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
votes
1answer
25 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 ...
-2
votes
1answer
62 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
32 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
54 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
58 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
106 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
124 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
124 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 ...
-1
votes
1answer
74 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
72 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
67 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 ...
-1
votes
1answer
43 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
123 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
119 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
134 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
76 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
141 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
47 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 ...
-2
votes
4answers
121 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 ...
-1
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
138 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
49 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
72 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
198 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
0answers
49 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
251 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
61 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
votes
1answer
78 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
94 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
166 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 ...
1
vote
1answer
42 views

Taking cross currency position with different balance currency

For example I have 10'000 € account balance in my forex trader platform. I want to buy dollars vs. yen. that is USD/JPY pair. according to some logic in order to buy dollars (USD/JPY) I need yen ...
0
votes
0answers
51 views

When mortgage in dollars should be replace with mortgage in rubles?

I've found the picture below, which demonstrates at which RUB/USD exchange rate mortgage in rubles is less expensive, then mortgage in dollars (i.e. when refinancing of dollar mortgage to ruble ...
2
votes
1answer
124 views

Why HKD-USD conversion rate has been so stable for years?

I reviewed the HKD-USD exchange rate and found it quite stable for years no matter what "big events" happened. Why so?
2
votes
1answer
78 views

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

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
2answers
1k views

Do I still need to pay capital gains taxes when I profit from a stock in a foreign currency?

Let's say I convert CAD 100 to USD 90. With the USD 90, I buy a stock that goes to USD 100, and then I sell it. If I don't convert the resulting USD 100 back to (say) the CAD 105 it might be worth at ...
2
votes
2answers
154 views

Legality of facilitating currency exchange between private accounts

I have accounts in India and the UK. Similarly, a friend has an account in each country. If I am in need of some money in GBP, I could receive money in my UK account from my friend's UK account. I ...
0
votes
1answer
138 views

How trading in currency pair works, underlying techniques and mechanisms

I am somewhat experienced in Forex trading, but I have a question which has bothered me for quite some time. If we for instance go back in time four months, to before the beginning of value loss the ...
-2
votes
1answer
42 views

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

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 ...
1
vote
1answer
161 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
175 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
226 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
183 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
61 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
183 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
232 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
567 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
157 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. ...