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Questions tagged [currency]

For questions related to currencies or foreign exchange markets. Ideally, this tag should be accompanied by specific currency tags under discussion.

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Avoiding unfair exchange rates on money earned in the Czech Republic as a non-EU citizen

I'm a British citizen. Last year I worked a summer job in the Czech Republic, an EU country, while on a scientific research visa. I was paid in Czech koruna (CZK). As of February 2020, I am not an EU ...
user19642323's user avatar
1 vote
1 answer
130 views

Could a market-cap weighted fund of all the world’s currencies appreciate in value in the long run?

This is a thought experiment that I came up with. Imagine someone took their money (say, 100 USD) and put it in a market-cap weighted fund of all the world’s currencies. Could such a fund gain in ...
Enter4343's user avatar
0 votes
1 answer
119 views

Depositing Cdn$ cheques into a US bank without being charged a commission and facing a substantial hold period

I received 2 cheques drawn on a Canadian bank account in Canadian dollars. I live in the US. I want to convert the Canadian dollars to US dollars, however to do so my US bank wants to charge a 3% ...
Jim Richardson's user avatar
1 vote
3 answers
408 views

Is this eRupee email from my bank a scam?

I received an email like this, supposedly from my bank. It is unclear to me if this email is just some kind of scam. On the one hand, GMail seems to have put a blue checkmark, indicating that the ...
Agnishom Chattopadhyay's user avatar
2 votes
0 answers
81 views

Can I send international payments using the Google Pay app?

Can we send international payments using the Google Pay app? For example, a contact in the USA, Canada, or the UK. Can we transfer money from India to the USA or Canada or UK using Google Pay or vice ...
Prashant Akerkar's user avatar
0 votes
1 answer
140 views

Why use own currency instead of local in ATM or shops?

When I go to another country, the ATM and sometimes the card reader in shops ask if I want to use my own currency (DKK) or the local curency (€, PLN) Everybody say it's the best option to use the ...
Lenne's user avatar
  • 101
0 votes
1 answer
110 views

Inflation over time on US Stock investment

I would like to understand a few things about inflation. Let's suppose I change my currency from EUR to USD, for example, 10k EUR to USD. Now I invest it in the US Stock market. Let's do an example in ...
DevLeo's user avatar
  • 75
1 vote
2 answers
293 views

cheapest way to transfer money to myself overseas

I am moving overseas due to work. As part of the move I need a bank account in the country I am going to live in, and then I will need to transfer the money that I have in my U.S. account(s) to the ...
Andy's user avatar
  • 845
1 vote
0 answers
61 views

Who performs currency conversion on a SEPA payment?

To simplify, consider a EUR-denominated SEPA Instant Credit Transfer from a EUR-denominated account to a CZK-denominated account to a bank in the Czech Republic (EU member). Which institution ...
Martin Drozdik's user avatar
0 votes
2 answers
173 views

Comparing option deltas of significantly different underlyings

Please help me correct or confirm my intuition about options deltas. My understanding is that delta is the change in an option's price given a $1 change in the option's underlying. Moreover it's ...
geofflittle's user avatar
1 vote
0 answers
65 views

Historical mid-reuters currency exchange rates

I would like to cross-check exchange rate used for a transaction. Exchange rate used for the transaction is based on mid-reuters (the average between reuters bid and ask rates) plus a margin. Is there ...
Peggy's user avatar
  • 136
-5 votes
1 answer
106 views

Given a pair of currencies, are there one or several interbank currency exchange rates?

Let's consider a pair of currencies, e.g. EUR -> USD. Are there one or several interbank currency exchange rates? I see that both Revolut and OFX claim to use the interbank currency exchange rate, ...
Franck Dernoncourt's user avatar
3 votes
1 answer
1k views

Why does the interbank currency exchange rate differ from the Reuters, New Change and XE exchange rate?

I'm looking at converting some USD into EUR. I am comparing Revolut's currency exchange rate with Wise' currency exchange rate. As of now: Revolut: 1 USD = 0.9216 EUR (screenshot). Revolut states ...
Franck Dernoncourt's user avatar
-2 votes
1 answer
4k views

Does Europe use comma as decimal point? [closed]

I have read in some webpage 23,49 € EUR per month ,is that what would be written in North America as 23.49 € EUR per month? Does it represent just over 23 € or over 2300?
showkey's user avatar
  • 433
2 votes
4 answers
117 views

How to decide whether to pay an USD amount from my AUD account or from my EUR account?

Soon I have a payment of, say, 100 USD to make and I have an AUD account which holds enough currency and an EUR account which holds enough currency. I wonder which account to choose? Just looking at ...
halloleo's user avatar
  • 121
-2 votes
1 answer
60 views

Is there any currency conversion charge (including suboptimal rate) when purchasing an ETF whose underlying assets are in a different currency?

Example: Amundi Index Solutions - Amundi S&P 500 UCITS ETF C EUR. Traded in EUR but underlying assets are in USD. Assume I buy it from an assurance-vie account based in France. Is there any ...
Franck Dernoncourt's user avatar
-3 votes
3 answers
714 views

Buying Zimbabwe dollar bills?

There are numerous sellers on a certain auction site offering brand new 1 million Zimbabwe dollar bills. They go for about £2. I've been toying with the idea of buying a dozen of the things, £24 ...
Tim Richards's user avatar
0 votes
2 answers
244 views

Do I need to tell IRS if I need to exchange 30k currency with my friend?

My parents in China want send me 200k CNY(about $30k USD) to purchase a car. Due to some Chinese policy, they can not exchange the currency in China. Can I exchange with my friend here? My parents ...
George's user avatar
  • 3
0 votes
2 answers
200 views

What is the seigniorage of an asset used as money, like cocoa beans?

I understand that the seigniorage of an asset is the difference between the cost of production and the value of money, but what does this look like for a physical good like gold, wheat, or cocoa beans?...
Patrick Collins's user avatar
1 vote
1 answer
103 views

How do I speculate on the movements between two currencies when I have a different base currency?

My base currency is the Singapore dollar (SGD), and I want to speculate on the USD/EUR exchange rate. Suppose I believe that that the US dollar will soon strengthen against the Euro (i.e. each USD ...
Flux's user avatar
  • 17.1k
-1 votes
1 answer
125 views

Difference between inflation and devaluation of euro?

Scope To limit the scope of this question, it focuses on the Euro only. Assumptions I assume there is a difference between the devaluation of the Euro, and inflation. This assumption is based on the ...
a.t.'s user avatar
  • 93
0 votes
0 answers
50 views

What's the USD/TRY rate in 1961?

I can't find this information anywhere on the internet. Help Earliest data I found is in 1990 I'm looking for 1961 average or a specific month or day. I'll accept any kind of data. Thanks
user118430's user avatar
1 vote
0 answers
50 views

Should I move my AUD ETF positions to EUR during a EUR weakness?

I used to work in Australia as an expat but since have moved back to Germany with no intentions to return. In my depot I have a 35,000 AUD iShares Core S&P 500 ETF (IVV.AX) position including 5-...
guest23441's user avatar
3 votes
0 answers
63 views

Disputing a currency conversion that happened in a SWIFT transfer between accounts of the same currency

I made a SWIFT transfer from my EUR account in one bank (in Russia) to my EUR account in another bank (in the UK). However, the beneficiary bank received the transfer in GBP and converted it to EUR in ...
Alexander Pozdneev's user avatar
1 vote
1 answer
214 views

VISA Debit card refund on another currency

What happens when a VISA Debit refund is issued with a currency that's different than the account tied to that card? In detail: Merchant charges PLN. Charge gets converted to EUR and gets deducted ...
Eren Güven's user avatar
8 votes
4 answers
4k views

Can you borrow foreign currency from local banks?

Do local banks allow you to borrow in currencies other than the local currency? If so, would the financing rate be different depending the currency?
Derek Seabrooke's user avatar
0 votes
2 answers
114 views

Which currency is used when investing in ETFs for foreign indices?

If for example, I invest in an ETF for the S&P 500 or USD Treasury Bond ETF, from the UK with £1000, will this automatically be converted into USD? Then if USD grows stronger against GBP, will ...
Ashley's user avatar
  • 101
2 votes
3 answers
470 views

Why would anyone invest in a stablecoin (e.g. TerraUSD)?

Some stablecoins (a type of cryptocurrency) try to tie their value to another currency. For example, the TerraUSD stablecoin was pegged to the U.S. dollar, at least it was before it collapsed last ...
7529's user avatar
  • 3,753
1 vote
0 answers
133 views

Selling stocks on a foreign exchange and converting proceeds to USD

Let's say I had 100 shares of ABC on a foreign stock exchange. I sold the shares for a small profit in 2020 and received 1200 ₹. I'm a US resident, so I paid taxes on the gain in the US in 2021. Note ...
Panic's user avatar
  • 148
-2 votes
1 answer
767 views

What is the collective name / term given to the part of a currency value before and after the point? [duplicate]

What is the collective name / term given to the part of a currency value before and after the point? e.g. $123.99 So in the example above I'm after the name of the part '123' and the name of the part '...
sherin's user avatar
  • 1
0 votes
1 answer
182 views

Difference in Ruble prices on Forex vs Moex

Exchange rate of EUR/RUB and USD/RUB on Forex and Moscow Exchange seem to be considerably different and the graphs don't even look similar after some point: EURRUB_TOM / MOEX: 118.99 USDRUB_TOM / ...
Athari's user avatar
  • 117
0 votes
0 answers
155 views

Are amounts of less than a cent legally valid amounts in currencies like EUR or USD?

The following can be applied to any currency but let's consider EUR/USD for simplicity. In the context of cryptocurrency exchanges, one can hold assets for the value of thousandths of a dollar or even ...
Jorge's user avatar
  • 101
1 vote
1 answer
100 views

On what basis do countries repay international loans? [closed]

Most countries have their own sovereign currency. Essentially they can print their currency. So how do countries repay their loans? And a similar question would arise while granting a loan to another ...
Nagendra's user avatar
0 votes
1 answer
440 views

Why is the forex pair Japanese yen and USD is displayed as USD/JPY but not JPY/USD

Assume the trader's assets are in USD. The first currency is base, which is bought after selling the quote. Like EUR/USD. If my understanding is correct, wouldn't that be selling my USD in order to ...
Asmodean's user avatar
1 vote
2 answers
264 views

What does it mean when a currency has been depreciating for a long time?

I live in Rwanda, an African country that is constantly being claimed as a "quickly developing country" by multiple sources to the point of even being compared to Singapore. However, the ...
vixalien's user avatar
  • 111
0 votes
1 answer
143 views

Wrapping my head around foreign currency exposure in ETF's

I am building a portfolio of ETF's, that track well-diversified international indices. I believe China will be a key player in the world economy for years to come, and therefore I purchased shares in ...
Psychotechnopath's user avatar
0 votes
0 answers
106 views

Does it make sense to use Stocks for currency transfer?

Does it make sense to think of buying a stable/safe stock in money held in country A (in currency A), then selling it in country B (in currency B) to get a better money conversion rate ? Can ignore ...
Suresh's user avatar
  • 1
5 votes
1 answer
470 views

What can I do as a common citizen if it seems like my country is going to be bankrupt like Lebanon or Zimbabwe?

I saw that Lebanon or Zimbabwe are facing very complex problems in their economy. I am from Sri Lanka. I hear news every day that our country doesn't have enough US dollars. So the government has ...
President of Foolish People's user avatar
21 votes
7 answers
11k views

How can I fairly give the option to be paid in Bitcoin?

I'm a freelancer who bills per hour and invoices my clients at the end of the month. The total amount is represented in my local currency. I also give the option for my clients to pay in Bitcoin at a ...
NeRoboto's user avatar
  • 337
32 votes
7 answers
13k views

Can someone make money by cycling through currencies and exchanges?

I am not a finance expert at all, but I recently got this idea from a conversation with a friend on whether it is possible to make money by starting with a fixed amount of dollars and then try and ...
Kaki Master Of Time's user avatar
-1 votes
3 answers
323 views

My own currency: how much money per member?

I don't know for certain if this is the place to ask this question, but there I go. Let me know if I must delete this (or do it yourself if you can, no problem). My classmates and I are developing a ...
Néstor Llop's user avatar
3 votes
0 answers
270 views

Why do some ETFs trade in both GBP and USD on the London Stock Exchange?

I noticed that some ETFs listed on the London Stock Exchange trade in both GBP and USD. For example: iShares MSCI World UCITS ETF (factsheet) (GBP: IWRD; USD: IDWR) Vanguard FTSE Developed Europe ...
Flux's user avatar
  • 17.1k
2 votes
0 answers
50 views

Term for describing a stock listed multiple times in different currencies on a stock exchange

Suppose a stock has multiple tickers on a single stock exchange. All the tickers represent the same underlying instrument (i.e. same ISIN), but each ticker trades in a different currency (e.g. ticker ...
Flux's user avatar
  • 17.1k
-3 votes
3 answers
566 views

US currency is only required to be accepted for actual debt

If I go to a drivethru, order food, get to the cash register, have I created a debt? They have already begun preparing and bagging my food? Do they have to take my 50 or $100 bill? At what point ...
Kayla's user avatar
  • 1
39 votes
1 answer
17k views

The Venezuela Stock Market Crashed 99.90% on March 15th, 2021. What happened and why?

https://tradingeconomics.com/venezuela/stock-market Was looking at the graph above for the Venezuela Stock Market and the Caracas Stock Exchange Stock Market Index crashed 99.90% over the weekend of ...
Wandering Fool's user avatar
-1 votes
1 answer
81 views

How to exchange US stock shares for crypto in other country?

I have shares of stock with US Etrade, but I no longer live in the US and no longer have a US bank account. I want to cash out those shares and use that cash to invest in cryptocurrency and possibly ...
GetsBetter's user avatar
-1 votes
1 answer
82 views

Is the value of a country's currency affected by it's economic status? [closed]

I always thought that since US was the best economy in the world, it's currency ($) would be the most 'expensive' - i.e holds the most worth all over the globe. But apparently, swiss francs (CHF) are ...
neel g's user avatar
  • 107
2 votes
1 answer
112 views

What happens with funds whose underlying is in a different currency if there is hyper-inflation?

Let's suppose that a british investor invests in a mutual fund whose underlying is in american dollars, but which is bought in pounds sterling. This means that the fund's managers convert the pounds ...
Martel's user avatar
  • 1,281
5 votes
2 answers
2k views

Why are pair-wise exchange rates not the inverse of each other?

I just went to morningstar.de and had a look at the current exchange rates: I was expecting that (EUR->USD) * (USD->EUR) ≈ 1 Only approximately, because we only have 5 decimals here. But for ...
Martin Thoma's user avatar
0 votes
2 answers
81 views

Economic growth over a period of time

Earlier people used to earn X amount as salary and from that they could buy Y no.of items. Over a period of time salary increases to 3X but they could still buy only Y no.of items.Does this indicate ...
Deepak Kumar's user avatar

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