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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6
votes
3answers
427 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?
3
votes
1answer
157 views

Prepaid travel credit cards: Is there a low-cost card supporting top-up in multiple currencies, without conversion fees?

With reference to the CantonFX cards http://www.caxtonfxcard.com/cards_description.asp Which card do I use if I need to use multiple currencies at the lowest cost & I only want to carry one card? ...
6
votes
1answer
3k 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 ...
10
votes
3answers
738 views

When and how should I pay taxes on ForEx trades?

I am an Israeli citizen. I've bought BitCoin (let us agree for sake of discussion it is a currency) using US dollars. Let's also assume I never convert the bitcoins to any other currency (but instead ...
8
votes
3answers
2k views

What is the best way of transferring money from American to Canadian bank?

I am a Canadian that will be working in US for some time. I will still have Canadian bills to pay, so I would need to regularly transfer US dollars from some US bank to my Canadian bank account in ...
7
votes
4answers
303 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
493 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
3k 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
128 views

Are weekly CAD/USD options untradeable?

As below, cmegroup.com seems to indicate that CADUSD weekly options (expiring 25 Mar 2011) have absolutely no volume or pricing. Does this mean they're impossible to trade? Or, if I had a broker, ...
2
votes
2answers
326 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 ...
6
votes
3answers
1k views

Get interest on $100K by spending only $2K using FOREX rollovers?

Is there any way to combine FOREX instruments to receive interest on $100K while spending only $2K? If I buy 100K USDCAD (for example), I only need $2K margin. Every night, I'm charged the ...
8
votes
1answer
208 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
497 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
461 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: ...
48
votes
1answer
4k 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%?
9
votes
2answers
4k views

How are exchange rates decided for each country?

Currently, EUR/USD is 1.32395. I understand that this means I will require 1.32395 USD to buy 1 EUR. But, how is this rate determined? I also, understand that there are fundamental reasons which ...
6
votes
5answers
3k views

Where can I trade FX spot options, other than saxobank.com? [closed]

An FX spot option is a call/put on a FOREX currency pair that has a user-set strike price and expiration date. It's traded over-the-counter and is not a standardized exchange-traded option. If you ...
3
votes
1answer
167 views

Historic prices for currencies, commodities,

In a related topic, someone asked for historic prices of stocks. It was pointed out that http://finance.yahoo.com/ and http://finance.google.com/ feature historic stock prices, downloadable in .csv ...
3
votes
4answers
4k 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?
4
votes
2answers
325 views

Sources or web sites for longer-term economic and financial forecast information?

I was looking for a source of economic and financial forecast information. I have already checked the IMF and the OECD, but they have forecasts up to 2011. Is there something with forecasts up to ...
6
votes
2answers
706 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
6answers
3k views

Best way to buy Japanese yen for travel?

Going to Japan in about a week, and I'm looking for ways to buy Japanese yen. In Australia, it's pretty nuts. If you exchange money from them, they'll charge you 5-6% above the mid rate of the ...
4
votes
2answers
939 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.
6
votes
1answer
410 views

Most cost effective way to regularly transfer funds from the US to the UK?

I've recently moved to the US, but I still own a house and a car in the UK so I need to make regular transfers from the US to the UK in order to pay my UK mortgage. Admittedly I've left it a little ...
1
vote
2answers
898 views

What is the most efficient way to pay a student loan in the US from the UK?

The loan is in the United States and can only be paid using direct debit from a US bank account which is already established. However, all earnings are in GBP in the UK. What is the most efficient way ...
6
votes
3answers
338 views

Strategies for saving and investing in multiple foreign currencies

My wife and I are both expatriates and our financial situation is complicated by having accounts in different currencies. A frequent topic between the two of us which accounts are the best for keeping ...
3
votes
4answers
2k views

forward foreign exchange rates [closed]

Is there anywhere online I can lookup forward rates for foreign exchange? Preferably this would include historic rates too.
11
votes
6answers
448 views

Online Foreign Exchange Brokerages: Which ones are good & reputable for smaller trades?

I've been recently looking at some of the online (electronic) foreign exchange brokerages out there, mainly out of curiosity. However, swamped by the choice, and despite having a somewhat decent idea ...
6
votes
4answers
1k views

Investing in foreign CDs, is it worth the risk?

I heard Clark Howard talking about foreign currency CDs, and so I looked and indeed their interest rates are much higher than US rates right now (3.75% for a year in Australia). What risks are ...
4
votes
1answer
227 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 ...
11
votes
4answers
4k 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?