This tag is to be used for any question related to U.S. Dollar currency.

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0
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2answers
23 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 ...
-1
votes
1answer
39 views

How can I receive foreign funds in my account in an Indian bank which lacks a SWIFT code?

I'm to receive some money in USD from a company directly to my account. I'm a resident of India and the branch where I have my account doesn't have a SWIFT code. The company will not give the money by ...
0
votes
1answer
68 views

Open an ordinary bank account in USD without setting foot in the US and without paying a single cent in additional fees

I live and work in the UK and I often pay fees in USD (mostly to hosting companies) and receive payments in USD (for freelance jobs). Is there any way I can legally and practically open a bank account ...
-1
votes
3answers
68 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 ...
-2
votes
2answers
111 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
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2answers
48 views

Brent crude vs. USD market value [closed]

correlation != causation, but Brent crude and the USD are completely on twinkie paths Brent Crude USD exchange rate Why is it that when the price of oil drops, not only do you have more money to ...
1
vote
3answers
82 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 ...
4
votes
1answer
898 views

How to check the paypal's current exchange rate?

I have paypal account. My base currency is AUD. I want to check the conversion rate for buying a stuff in USD. When I go to payment step they show the actual USD amount and actual AUD that will be ...
2
votes
2answers
53 views

What exchange rate does El Al use when converting final payment amount to shekels?

When buying a ticket online from El Al in Israel, the fares are quoted in USD, but the final payment screen allows you to choose whether to pay in USD or ILS. At the bottom of the page is the ...
0
votes
1answer
33 views

Currency Market Question

I am moving to Europe in March to start a 3 yr university course. I will take 35,000 Australia dollars with me. I am trying to decide how to deal with the exchange rate and would like some help. I ...
1
vote
1answer
58 views

HKD safe for business?

I having been charging my client in USD for last few months. Recently client suggested paying me in HKD. Is HKD a good option as compared to USD when receiving funds? My Native Currency is INR.
0
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0answers
81 views

Best way to transfer funds to US from a foreign country

I'm based in Singapore and I need to transfer about $60K to an US account. Since my account is denominated in foreign currency, currency conversion will be involved. I know it can be done through ...
1
vote
2answers
84 views

What is the the most profitable way of transferring euro to usd in the states? [duplicate]

What is the the most profitable way of transferring euro to usd in the states. First answer it by bank transfer. I guess there would be a lot of fees. Another way i guess is through bitcoin since it ...
3
votes
1answer
179 views

Selling my earned dollars to someone in US for rupees in India

I am working in US as a resident alien. I have few dollars in my bank account in US. If I give some dollars to a friend in need in US and he deposits equivalent amount in Rupees in my Indian bank ...
3
votes
1answer
398 views

How much is one “lot” of EUR/USD?

In a foreign exchange market, what is the meaning of buying 1 lot (100K) of EUR/USD? Does that mean we have USD 100K, and we are exchanging it for Euro? Or do we have EUR 100K, and we are exchanging ...
2
votes
2answers
546 views

Offshore Bank account with Online International Wire-transfer facility for Indians

I am freelancer having Indian nationality and residing in India. I own and operate Sub-Affiliate program of US based company. I have Bank accounts in India which operates in INR (Indian Currency). ...
1
vote
2answers
127 views

How to invest for the event of a US default? [closed]

I want to consider a special case of this question (so not a duplicate, in my mind, but forgive me if that's incorrect in the eyes of moderators). What happens to my savings if my country defaults or ...
1
vote
2answers
159 views

Limit on hard cash exchange (EURO -> USD) in USA

Say I have 8500 euros as hard cash in USA. Can I just walk into a bank and deposit it in my account as US dollars? Is there a limit on how much hard cash I can exchange at once in the states?
0
votes
1answer
65 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? ...
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votes
1answer
1k views

Should I convert some of my money into US dollars now? [closed]

The Canadian dollar doesn't worth much against the US dollar. I have a bank account in US dollars, would you suggest that I put a few thousands of CAD in that account now?
1
vote
1answer
687 views

Invest as dollars in India

I resides in India (currency:Rupees).I have my payment from a US based company in dollars.They sent me the amount via Paypal.Paypal converts the payment to rupees while transferring to my Indian bank ...
2
votes
1answer
96 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 ...
0
votes
4answers
172 views

How to avoid/limit currency exchange fees?

I live in the US, work in the US, and have a US bank account (Wells Fargo). I've often been travelling into Canada as of late, and I find the conversion fees are quite expensive when I use my credit ...
0
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0answers
65 views

A liquid ETF that tracks the us dollar

Are there any liquid ETFs that track US dollar. I can only find this one, but this has very low daily volume (~70k shares) http://www.horizonsetfs.com/pub/en/etfs/?etf=DLR&
4
votes
2answers
159 views

How to bet on a falling USD without inverse ETF

The US dollar has been rallying quite a bit. If i want to bet on a short term correction, what can I do? I dont want to buy inverse ETF since they track the underlying on a daily basis. I want ...
1
vote
2answers
162 views

How to make use of EUR/USD fluctuations in my specific case?

I live in the Euro zone, and my main bank account is here. However, I also have a USD bank account located in the USA. I don't usually pay attention to the currency exchange market, but looking at ...
0
votes
1answer
84 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, ...
0
votes
0answers
55 views

What are some recommendations to ensure that I get the best deal when converting my money from USD to CAD?

Currently, I work for a US start up and I'm paid on the 15th and the 31st salary. I think its great that I receive the industry standard in USD instead of CAD. The money enters a USD chequeing account ...
8
votes
2answers
128 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 ...
2
votes
1answer
224 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?
1
vote
1answer
100 views

Using the online broker as a currency converter

As a Canadian citizen who often needs to change back and forth between CAD and USD, the common options are usually the banks and the airports. To save on high conversion fees (a.k.a wide spreads ), ...
2
votes
1answer
288 views

IRS Rules for Canadian with US Bank Account

I am Canadian and live in Canada. I have an online business and customers pay me through PayPal in USD. My sales are transferred from PayPal to a USD account I hold with a US Bank in the U.S.From ...
1
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1answer
322 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 ...
7
votes
1answer
2k views

USD destroyed in a fire

After seeing some cash destroyed in a fire in a popular Netflix TV series, I wondered what would happen if someone's cash was destroyed in a fire. Assuming you had some way to prove that the money ...
2
votes
3answers
2k views

How do I cash a USD cheque in Europe, quickly?

I'll receive a USD cheque shortly. I prefered payment by money transfer, but all attempts to do so - i.e. SWIFT/IBAN, Payoneer, transferwise - failed. Now I will receive a cheque by mail. I contacted ...
3
votes
2answers
339 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 ...
3
votes
1answer
1k views

Legality of purchasing uncirculated bricks of USD

What is the legality of "purchasing" an uncirculated brick of bills similar to one like this: 100 NEW $2 Bills Uncirculated Consecutive 2009 Notes BEP Would it be possible (and cheaper) to simply ...
3
votes
1answer
132 views

How to save money on currency conversion

I do business with a few companies in the United States, and as such, get paid in US currency for my services. I have a US account with my bank, but anytime that I make withdrawals from this account, ...
1
vote
1answer
309 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?
3
votes
1answer
137 views

How can I pay off my school loans (denominated in dollars) with Euros without an exchange fee?

I will soon begin earning an income in Europe and paying off school loans in the U.S. Any way to do this without paying an extra exchange fee?
0
votes
2answers
176 views

Relation between interest rates and currency for a nation

I understand that if interest rates of a country A is higher than that of B, then that draws foreign investment from B to A thus strengthening the currency of A. In other words, a high interest rate ...
4
votes
2answers
192 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
1answer
288 views

I need to pay for Domain Name in USD - How do I make payment in INR

I want to buy a domain name from eurodns website. How can I pay money to them when I have only Indian currency(INR). i.e how to convert my money to USD. Thankyou in advance.
1
vote
1answer
191 views

TOCOM oil in USD [closed]

Where can TOCOM oil be found to be quoted in USD/bbl? I'd rather not go through the conversion process (at least until goog can mix units like volume and currency) to get the USD/bbl version of ...
1
vote
2answers
283 views

What is the most efficient way to transfer money from the UK to a US account also in my name?

I am leaving for the states in around a months time and upon arrival I will be opening a US account. I'm a student and so will be sending around £2,500 each term to the US account from funds that are ...
1
vote
1answer
120 views

Most expeditious way to convert EUR to USD?

I recently visited Frankfurt for a week and was lucky enough to have in my possession: a) A credit card with no foreign transaction fees b) A debit card from a credit union that allows free global ...
0
votes
2answers
1k views

Why are prices in EUR for consumer items often the same number as original USD price, but the GBP price applies the actual exchange rate?

Since my store started accepting EUR payments in 2002 I often see the numerically same EUR price as the original USD price. Many international suppliers, stores, e-shops offer the same items in US ...
5
votes
1answer
836 views

Can limits be placed by a merchant on which currency notes are accepted as legal tender? [duplicate]

Possible Duplicate: It is legal for a retailer/store or other business to refuse $50 & $100 bills or other legal tender, e.g. pennies? Here in the USA, it seemed to be becoming more and ...
8
votes
2answers
345 views

Should I do my budgeting in dollars?

I'm from India and earn in Indian Rupees. Should I do the math on my finances in USD? The reason I ask this question is because INR lost value recently - quite a bit. So, for example, would it be ...
9
votes
4answers
12k views

How to change a large quantity of U.S. dollars into Euros?

What is the best way to change $30,000 dollars from the U.S., into Euros to Europe ? Is an international bank account the best solution? If not, then what?