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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2answers
39 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 ...
0
votes
1answer
41 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
22 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
87 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
48 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
52 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
53 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, ...
31
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
62 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 ...
4
votes
1answer
96 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
30 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
42 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
85 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
75 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
313 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
89 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
93 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
38 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
75 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
96 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
103 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
159 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
43 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
102 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
137 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
173 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
86 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
68 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
34 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
4answers
153 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 ...
2
votes
0answers
115 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
103 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 ...
1
vote
0answers
90 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 ...
3
votes
4answers
239 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
73 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
406 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
227 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
85 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
80 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
73 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
156 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
289 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
995 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
69 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
93 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
170 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
107 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?