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

API for Exchange rate concerning banks of India [on hold]

Is there an API for Exchange rates of different Indian Banks ? I am trying to make an Android app which will help users check out different exchange rates of banks . I came across Yahoo finance and ...
0
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2answers
67 views

Whats the difference between multiplying by 0.999 and dividing by 1.001?

1/1.001 - 1*0.999 is non zero. But whats the difference between multiplying by 0.999 and dividing by 1.001? If say I was doing some foreign exchange at the airport and they wanted a 0.5% transaction ...
1
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2answers
60 views

Which technical indicators are suitable for medium-term strategies?

I'm doing some "retail forex" by (for example) exiting hydrocarbon-dependent currency and entering one weakened by parting the political union but ought to bounce back. As you see, I'm basing my ...
0
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1answer
40 views

Why are stoploss values calculated from the bid when buying based on the ask?

I am trying to calculate a stop loss in Metatrader 4. I came across this example on their site. The example creates an order at the ASK price, but sets the stoploss and takeprofit based on the BID ...
-1
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0answers
36 views

Where do traders take their prices data from? How can it be different from their brokers'?

I understand there are multiple sources for stocks or FX market prices, but what leaves me completely puzzled, is how can short term traders (speculators really) make their decisions based on price ...
5
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2answers
51 views

How to measure how the Australian dollar is faring independent of the US dollar

When I watch the finance section of ABC (the Australian one) news, they talk about how the Australian dollar is faring against the US dollar plus a handful of other currencies. The problem is, I don't ...
1
vote
1answer
35 views

Is it possible to retrieve Visa currency conversion rates in bulk? MasterCard?

I'm doing a study aimed to figure out if transactions with conversion are good or bad for me. Basic information I'd like to calculate for further analysis is spread and mid-price values. However, Visa'...
-2
votes
1answer
66 views

Is it reasonable to exchange pounds (GBP) right now, after the Brexit referendum? [closed]

Would it be reasonable to exchange British pounds to dollars or euros now? Should we expect the pound to fall even more? What should be the reasonable step to take to reduce the losses?
1
vote
1answer
33 views

When abroad, ATM or Bureau?

If I am travelling abroad, what it likely to give me a better exchange rate? Exchange Bureau Pull large sums of cash from an ATM Note; I've been told that using ATMs is actually cheaper if you do ...
1
vote
1answer
64 views

Saving in foreign currencies

I live in the UK and am looking at opening a USD account. The primary reason for this is that I work for an American company whose employee share plan deals in USD, so it is required for that. However,...
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votes
2answers
51 views

Are there brokers or companies who trade Forex and make money for us on our investment? And do you think fxtradeinvestment is legit?

So I was looking for some extra income and found forex is a good way to earn a little extra money. I want to know whether there are companies or brokers who trade forex for us and pay us on our ...
0
votes
1answer
75 views

What happens on foreign exchange markets when a currency ends? [closed]

Say, in light of current events, all member nations of the EU decide to go their separate ways, and end the Euro with it. If this occurs, what happens to the foreign exchange market on said currency?
0
votes
1answer
30 views

Getting more out of exchange rate

Lately i been confused with the fact, when should one do a currency change. Here is a scenario,i am living as a expat in Uk, and i need to take out money from my international account from a another ...
23
votes
2answers
374 views

Euros - Can I trust air.money?

Basically, I am travelling soon and require 1500€ which converts to around (£1,183.06) which is fairly good for today's currency exchange rate. The issue is that it's through a company called Air ...
0
votes
1answer
43 views

Accounting for foreign exchange transactions and difference between market rate and rate given

I am trying to find how to account for the change in exchange rate and the rate given to me by my bank. I understand the rate change between two dates is a foreign exchange gain or loss, but what ...
2
votes
4answers
188 views

Is buying foreign currency(specifically Pounds) a good saving/investment strategy? If so(or not) why?

As stated in the question. If i buy small amounts of Pounds consistently on a monthly basis, could that be considered a good way of saving with the obvious goal of ending up with more than what i ...
1
vote
1answer
74 views

Converting Euro to Rupees in India

I saved 1000 Euros during my internship in France, and brought them back to India in cash. It has been a year since then, and I want to deposit it in my bank account now. I was told by the bank that I ...
0
votes
1answer
40 views

Buy Php in Malaysia and sell to Philippines

I am a Filipino working in Malaysia. I went to the remittance center yesterday, the exchange is MYR 1 = PHP 11.20. I noticed the buy/sell board table. Buying Php for MYR 8.52, Selling MYR 8.98. I do ...
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votes
1answer
21 views

USA Income tax for foreign worker

I live in South America and I'm working for a company in the USA. I'm planning on opening a US Bank Account from abroad (with the help of my local bank). In this case, I would receive my payment in my ...
4
votes
1answer
55 views

Do I have to pay tax on hand-money(USD) which I brought from US to india?

I am not getting answer of this very normal question on the internet. I was working in the US as salaried employee and as per day count I was NRI for rear 2013 and 2014, and I paid full tax on all ...
2
votes
1answer
48 views

What are “hard quote” and “instant execution” in Forex?

"Instant execution is a technology allowing traders to trade on so-called “hard” quotes." This is a piece of a text I just saw. What does these two terms mean?
1
vote
1answer
661 views

Can I buy Nintendo stocks (or any stock not traded in US) while residing in US?

I live and work in US and definitely have extremely limited experience with stock exchange. I would like to buy Nintendo stocks but it seems that they are not traded in the US markets and thus it ...
3
votes
1answer
56 views

Moving to Europe, savings in the US, alien both in Europe and the US, trying to maximize exchange rates

This question has several parts, but the underlying story is the following: I currently live in the US, I am moving to Europe (specifically, France) in a couple of months, for at least two years. I ...
1
vote
1answer
36 views

Direct access to the currency exchange market

It is now fairly common for "lambda" users to have direct access to the stock market, i.e., see the book of order (up to a given depth), place a buy or sell order, cancel an order, etc. The bank or ...
1
vote
2answers
60 views

What foreign currency exchange rate is applied at cash machines

I recently came back from Auckland and China . Prior to withdrawing cash from ATMs , the currency exchange sell and buy prices give an estimate price. I wonder how much € exactly will 100 NZD cost. ...
1
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3answers
112 views

Exchanging GBP to EUR

I am 21, live in UK, and have an unwanted property in Spain which I am paying a mortgage on. Sadly I cannot sell the property. Roughly every year I exchange into Euros over £10,000 for the mortgage, ...
1
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1answer
18 views

Foreign Exchange rules INDIA

Hi I want to buy some hosting space for my website and for that I have to pay the hosting co. in dollars can anyone tell me what are the regulations and compliances I need to follow.
0
votes
1answer
66 views

RRP/list price/retail price and cars?

Looking at an online car brochure (PDF version of printed material) for the Vauxhall Astra, it listed RRP: Link As far as I know, am I correct with these: List price is basic price Recommended ...
0
votes
0answers
18 views

money transfer from Ethiopia to Uk for tution fee payment

i need to transfer money from Ethiopia to UK( Leeds university account) for my MSC, would you pls advise me how can do it ?
1
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0answers
72 views

rate of return between two currencies [closed]

Why can the rate of return between two currencies be different? Also, what is the relationship of the realized return in domestic currency and the direction of the movement in the foreign currency?
2
votes
1answer
109 views

Why is there two currencies in Venezuela's money?

If you go to DolarToday you will find the real actual foreign exchange of currency between BsF (Bolívares fuertes) and American dollar. However, in other places you will read that the exchange is ...
3
votes
2answers
92 views

Income tax on exchange rate profits?

A Canadian citizen and taxpayer opens a US dollar account in Canada with a Canadian bank, to hold a small US dollar inheritance against future vacation trips to the US. The money is not used for an ...
0
votes
1answer
114 views

Ways to take advantage of high/low currency prices

Currently 1 USD can buy around 0.88 EUR which is historically quite high (a few years ago it used to be 0.6-0.7). I live in The Netherlands and therefore use euros as a day-to-day currency. Now that ...
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votes
2answers
30 views

Would I be taxed on a long term currency exchange?

Recently, USD has been doing really well. I've been considering moving a bunch of money into CAD, to use when I visit there or if I ever move back in the future. It seems likely to me that by the ...
3
votes
3answers
72 views

Is there a global index for all currencies?

I've recently found the need to convert USD to CAD, so I just started following foreign exchange rates for the first time. In the past few days, USD/CAD dropped. However, it's hard to tell if CAD ...
1
vote
1answer
71 views

How can I send money to someone from India to Pakistan?

I've one friend in Pakistan who did freelance work on a website project. So, I have to pay him for it. But unable to find any gateway.
1
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2answers
65 views

How does FOREX trading work? trading vs exchanging

If I was to trade on the foreign exchange market as an individual investor and I bought 100 USD with my 70 GBP. Have I essentially converted my currency similar to exchanging the currency in a bank ?...
-1
votes
3answers
139 views

How can an individual trade currency directly and get the market rate?

If i needed to transfer 350000 pound into dollar, i could: 1) Go to bank / airport kiosk and exchange there (crappy rate) 2) Go through a FOREX broker (closer, but is this the official rate?) Or ...
0
votes
1answer
41 views

What currency does inter government debt take place? [closed]

For example If japan borrows from china what currency will it borrow in ?Or if India borrows from Russia what currency will the debt take place in ?
1
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1answer
55 views

Nationwide FlexOne internationally

I am planning a trip to Berlin, and I have seen that my debit card has no transaction fees or cash fees for foreign currency, so it is charged at VISA's exchange rate. Are there any costs I'm missing, ...
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votes
2answers
156 views

Does it make sense to buy CAD with USD while it's so low? [closed]

I'm wondering what are your thoughts on exchanging USD to CAD since it's so low at the moment. The idea being that if / when the CAD recovers one could see a gain of ~30% Thoughts?
0
votes
1answer
93 views

Why exists the exchange rate between countries? [closed]

To build something of worth needs everywhere the same work and effort. Why is it cheaper for Europeans to purchase abroad?
1
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1answer
91 views

Contemplating using MetaTrader to trade on Forex

(Apologies if this is off-topic. I checked through meta and it seems that this should be on-topic.) I have been thinking about using MetaTrader4 programmable trading platform to trade on the Forex. ...
1
vote
4answers
163 views

How to invest in a currency increasing in value relative to another?

I would like to make a mid to long term investment in a currency that i think will rise. The NOK is currently very low due to low oil prices, and i would like to invest in it rising, as it seams ...
-2
votes
1answer
95 views

Extra amount credited to my foreign currency account and mistakenly I spend it. What should I do? [closed]

I deposited some thai baht into my foreign currency account in india which amounts to Rs.250000 but in my account the same amount was credited three times and from different person. My initial deposit ...
0
votes
0answers
21 views

How to understand currency forward rates?

So I am trying to understand future "fair price" currency rates from forward rates as quoted, say, here. To make things concrete, I read: bid ask EURUSD 10Y FWD ...
1
vote
1answer
60 views

Is it possible for US retail forex traders to trade exotic currencies?

I understand that more exotic forex currencies are riskier and have less volume; nevertheless, I am interested in experimenting with them. However, to my surprise, I have been unable to find a ...
2
votes
5answers
266 views

Should a strategy backtested against three years of tick data continue to produce positive results?

Let's say we have a Binary Options 5-minute trading strategy that relies on multiple indicators and exploits price reversals in currency pairs. Now let's say there is a combination of inputs for the ...
2
votes
2answers
57 views

What's the problem with simple EMA-crossover strategies?

I'm looking at charts of bitcoin here: https://bitcoinwisdom.com/markets/kraken/btceur with the option of displaying a short term as well as a long term EMA. It seems to me that if I were to buy ...
1
vote
3answers
970 views

Where should I exchange INR to USD, in India or US?

I am Indian, permanent resident of the US. Years ago, I had loaned some money to my father in India and he now wants to pay it back to me. The amount is worth $300,000 and I am thinking of the best ...