3
votes
2answers
51 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 ...
0
votes
1answer
44 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 ...
2
votes
2answers
79 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) - ...
4
votes
1answer
73 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
0answers
27 views

Why does the value of a currency fall when compared to another currency? [duplicate]

Why does the value of a currency fall? What causes this decrease? I am from India and the value of the rupee is constantly falling when compared to the dollar. 1 dollar now equals around 69 rupees.
1
vote
1answer
114 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
325 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, ...
7
votes
1answer
447 views

Am I exposed to currency risk when I invest in shares of a foreign company that are listed domestically?

If a multinational firm based in country A is listed in both country A and country B, and I invest in this firm as a resident of country B through country B's stock exchange, either through something ...
2
votes
1answer
97 views

I’m going to Russia. Where should I exchange my currency?

Is it better to go abroad with euros? What is the best kind of place to exchange currency?
5
votes
2answers
730 views

Good way to record currency conversion transactions in personal accounting software?

I have deep personal financial connections to two countries, with different currencies. (They happen to be Canada/CAD and USA/USD, but I don't think that's material.) I have multiple bank and ...
1
vote
1answer
153 views

searching for historic exchange rate provider which meets this example data

I'm looking for a provider of historic exchange rates which fits a sample of exchange rates I have. My problem is that I have historic turnovers in GBP which I want to recalculate in EUR. All I know ...
2
votes
1answer
156 views

Most beneficial currency exchange method for Chinese travelling to USA?

I will be traveling to the United States soon. My money is all in Chinese renminbi. My understanding is that I have 5 options available for converting my RMB to USD: Buy USD from Chinese banks and ...
10
votes
2answers
592 views

FOREX: Pair Trading, What is Really Happening?

I am starting to study FOREX again and one thing about trading on the market through means available to me personally is that one can take positions on 'currency pairs'. This has made little sense to ...
5
votes
3answers
2k views

How and why does the exchange rate of a currency change almost everyday?

How does the exchange rate of a currency change every day? Why does that happen? Please explain to me with a naive approach and avoiding financial jargon.
2
votes
2answers
2k views

Do I understand currency exchange rates and bank buy/sell rates?

Preface: I've just run into a bit of an issue with a bank, regarding an international money transfer that I made from the UK (with Lloyds TSB) to Australia (St. George). The transfer was sent on the ...
0
votes
1answer
156 views

What is currency trading and how does currency trading work? [duplicate]

Possible Duplicate: Layman’s guide to getting started with Forex (foreign exchange trading)? I have heard that people are investing in currency trading, but i don't have any idea about it. ...
11
votes
1answer
199 views

WSJ article about CFDs - am I missing something?

In this WSJ article, it comments Traders held a net $22.6 billion in bets that the dollar will appreciate, a gain of 31% in net wagers over the previous week and the largest such position since ...
0
votes
1answer
90 views

Can a non-Chinese private investor bet on Chinese Yuan Renminbi (CNY) going up vs. USD?

Is it possible for a non-Chinese private individual investor to bet on the Chinese Yuan Renminbi (CNY) going up against the U.S. dollar ?
2
votes
2answers
318 views

What extra charges and fees will I be billed for an international credit card transaction?

I've never traveled abroad in the past. I live in the US, and am taking a vacation shortly to Italy. At this time, I'm trying to understand what additional fees will be incurred if I attempt to use ...
3
votes
1answer
2k views

Source(s) for hourly euro/usd exchange rate historic data?

I'm looking for historic data for the euro/usd exchange rate with an hourly interval. The data should look back several months. Unfortunately I have been unable to find a source providing this data, ...
1
vote
1answer
863 views

Hedging a foreign currency purchase (INR/USD) for a real estate transaction?

I'm looking to purchase a property in India, where the local currency is INR. My earnings are in USD. My down payment on this property will be in the range of 100-200k USD. The USDINR exchange rate ...
3
votes
3answers
407 views

Layman's guide to getting started with Forex (foreign exchange trading)?

How should I get started with Forex (foreign exchange trading)? How should I prepare myself for it? Please give your answer thinking of me as a layman.
1
vote
2answers
543 views

What's the difference between Currencies and FX desks at investment banks?

I'm interested in working within FX in an investment bank, but I noticed that they listed Currencies and FX separately under Fixed Income, so I'm wondering if they actually refer to different things. ...
3
votes
3answers
186 views

How do you go about buying currency futures for foreign currencies?

I was interested in buying currency futures for some foreign currencies. How do you go about getting these? I am looking for 6 to 12 month futures.
7
votes
2answers
123 views

Does the currency exchange rate contain any additional information at all?

Pretty often I hear someone saying stuff like "The pound is worth more than the US Dollar" or "The Kiwi Dollar is worth less than the Euro". Well, technically it is correct that 1 pound buys me more ...
8
votes
3answers
561 views

Best / cheapest way to exchange USD for foreign currency cash?

I'm considering taking a trip abroad in a few months, and would like to exchange a moderate amount of money (say less than $2,500) into a couple of currencies (probably 60% Euro, 30% GBP, 10% ...
6
votes
3answers
302 views

How to trade “exotic” currencies?

Most Forex brokers only offer trading of the major currency pairs -- USD/EUR, USD/AUD, etc. What is the best way to trade more "exotic" currencies such as the Brazilian real and the Thai baht?
5
votes
1answer
2k views

How can I check whether old foreign currency paper bills or coins still have value / considered legal tender?

Collectible value aside, let's say I have some old currency – bank notes and coins – from another country, perhaps acquired from a relative who visited many years ago. In the case of ...
6
votes
4answers
208 views

How do I find a broker that is good at providing forex trading (i.e. foreign exchange / currency)?

How do I find a broker that is good at providing forex trading (i.e. foreign exchange / currency)? Where should I look to learn about what brokers have in terms of brokerage, leverage, and software ...
12
votes
3answers
398 views

How is exchange rate calculated?

assume that there is a very new island-country called xland. they decide to name their currency xdollar and there is 1000 xdollars in circulation. the very first foreigner comes and wants to exchange ...
4
votes
1answer
2k views

Does Reuters provide the 4pm London Spot rate for currencies?

The 4pm London spot rate is supposedly the standard, but I'm having trouble finding out if that's what I'm getting from Reuters. First, I understand that currencies don't have just one exchange rate, ...
2
votes
2answers
261 views

If I invest in securities denominated in a foreign currency, should I hedge my currency risk?

If I live in the US and most of my expenses are in US Dollars, I consider the US dollar to be my base currency and look at the performance of my portfolio on a US Dollar basis. If I invest in a fund ...
8
votes
1answer
153 views

Is there a comparison site for foreign money exchange vendors?

Is there a comparison site for foreign money exchange vendors? When I travel internationally, I find that some of the vendors can charge different types of commissions and the rates vary wildly. ...
1
vote
1answer
402 views

Sites to obtain historical chart of currency exchange rates?

Besides Yahoo Finance, is there any site where I can obtain history chart of currency exchange, for cross comparison purpose? (As I realize British Pound against my country currency is the lowest ...
2
votes
3answers
380 views

Foreign currency conversion for international visitors to ecommerce web site?

It is really not personal finance question but I haven't found a more appropriate place for it. My question is about currency conversion. Let's imagine I have two prices for one item: Russian shop: ...
42
votes
1answer
3k views

How can I invest in country A to take advantage of their great interest rate while I live in country B?

If I live in the US, for example, where current interest rates are practically nil, how can I take advantage of the fact that interest rates in Australia are almost 5%?
3
votes
4answers
2k views

What Is The Most Reliable Source For Getting Real Time Exchange Rates?

What is the most reliable and up-to-date source for getting world currency exchange rates?
6
votes
2answers
475 views

Why would a central bank or country not want their currency to appreciate against other currencies?

From Investopedia: Pegged Rates: Pegging occurs when one country directly fixes its exchange rate to a foreign currency so that the country will have somewhat more stability than a normal ...
7
votes
5answers
2k views

Best way to buy Japanese yen for travel?

Going to Japan in about a week, and just looking for ways to buy Japanese yen. In Australia, it's pretty nuts. If you just go and exchange money from them, they'll charge you 5-6% above the mid rate ...
4
votes
2answers
679 views

Looking for online sources for historical currency data / exchange rates. Recommendations?

Is there any online service that provides (in any format whatsoever) historical foreign exchange rates, with bid/ask values? Intra-day would be preferred, but end-of-day is also of interest.
4
votes
1answer
202 views

Should I change money from Euros (EUR) to Sterling (GBP) before I go away near the end of the year?

I 'have a friend' who is going away traveling towards the end of the year. She has a few thousand Euros which she is going to spend whilst she is away and was asking if she should keep it in Euros or ...
10
votes
4answers
1k views

How do currency markets work? What factors are behind why currencies go up or down?

How do currency markets work? What factors are behind why currencies go up or down? What roles do governments, central banks, institutions, and traders have in the process?