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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141 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 ...
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1answer
88 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 ...
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1answer
74 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 ...
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2answers
242 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 ...
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1answer
89 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 ...
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103 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 ...
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1answer
443 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 ...
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7answers
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 ...
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7answers
12k 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 ...
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3answers
320 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 ...
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0answers
111 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 ...
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33 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 ...
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3answers
258 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 ...
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1answer
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 ...
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40 views

Paypal currency convertion for each transaction

I already contacted paypal so many times but their customer service is almost useless. I have an account with base currency in EUR. I receive payments both in EUR and USD. For tax purposes, I need to ...
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1answer
73 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 ...
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1answer
68 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 ...
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84 views

What time and time zone is the open and close based on for yahoo finance historical data for currencies?

On yahoo finance you can download historical data for a currency as a CSV. As currency markets are open 24 hours in the week (except Friday) - is the open and close time taken as 00:00 each day? What ...
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1answer
98 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 ...
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2answers
792 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 ...
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2answers
79 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 ...
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67 views

What is the relation between inflation on a country and the exchange rate of its currency?

In the interval between 2010 and 2011, American inflation was 3.2% and Chinese inflation was 5.55%. During this year, the pair CNY/USD went from 6.2524 to 6.5758. If an investor would have invested 1,...
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168 views

EURO equivalent of DXY?

The U.S. Dollar Index, sometimes informally referred to as the "Dixie" (https://en.wikipedia.org/wiki/U.S._Dollar_Index) is a nice index value to see the strength of the dollar. I was ...
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1answer
63 views

How to name (BTC/AUD) / USD rate? [closed]

I am buying the BTC in Australian Dollars (AUD): BTC/AUD I want to convert this rate (BTC/AUD) to American Dollars (USD). So, I have the following rate: (BTC/AUD) / BUSD What's the name for rates like ...
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1answer
85 views

What are the implications of a steepening yield curve? [closed]

Pretty straightforward question, with, I imagine, very complex answers. I know the yield curve basically impacts the entire financial system, but I am looking to understand its macro-effects. Here are ...
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1answer
34 views

Relation between currency crosses

Suppose we have 3 crosses that are related. USD/EUR, CNY/EUR and CNY/USD. If two develop in some way, over say a month? Must the three develop in a certain one? Say if USD/EUR up and CNY/EUR down by ...
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1answer
109 views

Currency exposure of China stock in HKD

Suppose that I am a SEK investor and own a stock of a Chinese company listed in HKD in Hong Kong. What is my actual currency exposure in this case? Is my exposure the same as if I would own this in ...
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2answers
151 views

IBKR charges different interest rates on margin loans denominated in different currencies. Why not take out the loan in the cheapest one?

For example, the top interest rate for margin loans as of today in AUD is currently set to 1.5%, while for ZAR the interest rate is set to 8.057%. That is a huge difference. If I were in South Africa, ...
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3answers
224 views

Is it okay to display prices in USD if I am charging in CAD

I have an online store and I am based in Canada. My site shows prices in CAD, and when people make purchases they are charged in CAD. I want to display prices in USD as well as CAD, to make it more ...
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2answers
71 views

Are shares bound to a currency?

Imagine following Person A buys 5 shares of Company B in $. The value of $ crashes, although Person A still owns 5 shares of Company B. We assume that the currency drop has no direct impact on ...
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5answers
238 views

Does knowing how much 1 USD was worth in two currencies for a given date mean I can know how much they were worth in relation to each other?

If I know this: On "3-Jan-00", 1 USD was worth 7.9640 NOK. On "3-Jan-00", 1 USD was worth 9.4015 MXN. Does that mean that I can calculate how much 1 NOK was worth in MXN on that ...
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1answer
81 views

How does interest rate influence the strength of the currency?

Here's a statement that spawned the question: "A rising interest rate means higher returns for investors, increasing the demand for that cutrency and therefore its value". Here's a ...
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1answer
5k views

What is the difference between TT and OD currency exchange rates?

I was looking at Singapore dollar exchange rates provided by a bank: Source: Foreign Currencies - Foreign Exchange | POSB What is the difference between TT and OD?The webpage itself says: ...
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1answer
154 views

What is "digital euro"?

Today (October 2nd, 2020), ECB published a press release regarding "digital euro". What is it? When you pay with the credit card or make a bank transfer to another account aren't you using a ...
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55 views

Portfolio diversification into different currencies

Does it make sense to diversify the portfolio into different currencies if they are in any case correlated with each other or is it not so?
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3answers
144 views

Creating Foreign Bank Account for Access to Foreign Currency

I'm a young male who is a U.S citizen and resides within the U.S. I have investments in different areas, like stocks, bonds, etc. While I'm perfectly fine with these investments, I would like to ...
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1answer
149 views

Azerbaijan manat currency

Currently I have a Azerbaijan paper bill for 50000 manat from the year 1995. I would like to know if this bill still usable to trade in for USD?
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1answer
163 views

Can the U.S print infinite money? [closed]

I know that a country can't simply print money to pay debt, since it would only lower the value of the money, i. e. cause inflation. But what about the U.S? Since their new printed money is very ...
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1answer
156 views

Stock portfolio currency hedging

I have a EUR cash account with Interactive Brokers and I trade US stocks. So I converted my euro’s for dollars. But now when my US /dollar stock portfolio is up but eur/usd is down it is hurting my ...
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1answer
193 views

What is behind the apparent coin shortage in the US?

I've been noticing lately that a lot of restaurants and retail stores in the US have signs on the registers saying there is some kind of shortage of coins right now and they are limited in how much ...
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1answer
105 views

How would I actually use options (or ??) to hedge a currency?

I've never used hedging instruments to do anything other than day trade! :O Say today I am in the US and I literally borrow AUD $100,000 from a friend in Australia. She wires it along and I convert ...
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58 views

Can I really exchange money in Forex?

Suppose I've got Euros. Suppose I need dollars. How can I transfer/exchange my euros into dollars in Forex? I know I can do it in any currency exchange stall. But Forex currency rates look more ...
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1answer
62 views

In case of an unsecured loan creation in a non-domestic currency where will the loan payment money come from? [closed]

In case of an unsecured loan creation in a non-domestic currency where will the loan payment money come from? I have learned that it is possible for the money to be created and exist outside of their ...
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1answer
147 views

If you want to buy a house but you also think value will drop… is there something you can do to alleviate the risk?

Disclaimer: yours won't be fiscal advice. People involved will consult a professional before doing anything. This is just to gather some preliminary information. Situation: you want to buy a house ...
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102 views

What would happen to a typical investment portfolio if the dollar collapses?

Let's say I have an investment portfolio with diversified US stocks and diversified US bonds. How would a dollar collapse affect this portfolio? And which component of the portfolio is less likely ...
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1answer
72 views

Calculate investment return taking into account the currency change

Lets suppose an investor invests £10000 in a mutual fund denominated in pounds sterling, but whose underlying assets are all US stocks, therefore the underlying currency is US dollars. Lets suppose ...
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18 views

International investing and currency fluctuations [duplicate]

Lets suppose a British investor has some participations (say, for a value of £10000) in a Britih (not hedged) fund or ETF whose underlying assets are in US dollars, but that is denominated in pounds ...
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0answers
167 views

How much value has the US Dollar lost or gained in 2020, compared to the US Dollar in 2019?

There's a lot of news about the Federal Reserve printing money. I have a hard time imagining the relative change in value of the USD. (or EURO for that matter) I tried to calculate but it's hard: ...
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1answer
70 views

Interest rate difference - savings account in a foreign currency

I live in a EU country where I have a currency account in CHF with a local bank. The interest rate of this account is 0.01%, whereas the interest rate in Switzerland is currently at -0.75%. Doesn't ...
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24 views

How would recent GBP exchange rate fall effect $ efforts to buy foreign-owned UK assets?

US-GBP exchange rate has been at its lowest since the mid-80s. That presumably means it's been cheaper to buy UK assets with dollars. Let's say I have dollars and I want to acquire a UK company. Let'...

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