Stack Exchange Network

Stack Exchange network consists of 174 Q&A communities including Stack Overflow, the largest, most trusted online community for developers to learn, share their knowledge, and build their careers.

Visit Stack Exchange

Questions tagged [currency]

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

0
votes
0answers
25 views

Investing in private Forex Fund - what to investigate beforehand?

While talking to a businessman I have no close connections with I discovered that he is invested in a private South African / Mauritian Forex Trading Fund. I currently live in Mauritius so am able to ...
6
votes
3answers
308 views

When do institutions exchange physical currency from electronic payments?

This question always been on my mind and I never truly understood the concept. I’ve done some digging and haven’t found the answer that is comprehensive. I want to understand at what point does a ...
2
votes
1answer
132 views

What is the degree of “nickel rounding” that occurs with Swiss Francs?

I am trying to implement currency handling with Swiss Francs (CHF). In Canada, we have removed our penny from our currency circulation, but digitally the penny amount ($0.01) still exists (bank ...
0
votes
2answers
90 views

AUDUSD vs. Apple's bad results in China - WHY is this positive correlation (it has nothing to do with AUD!)?

I would appreciate if some trading fundamental analysis expert could please explain me this. Recently I lost basically all my entire life savings, everything i worked for, for over 3 years, waking up ...
1
vote
1answer
30 views

required capital, commodity and trade volume given monthly target [closed]

I'm considering trading currencies or stock full time and would like to estimate required capital and required number of trades per day, given a monthly income of X US dollars after taxes. I'd also ...
1
vote
0answers
52 views

Conversion of currencies in dollars using ppp [closed]

How to convert different currencies using Purchasing Power Parity (ppp) from world bank? Example: euro 2010 to dollars 2017. Should I divide by the ppp factor? Example: convert 500 canadian dollars ...
30
votes
4answers
6k views

How exactly are exchange rates determined? [closed]

I was reading about how the exchange rates are fixed. I understand that demand and supply decide the exchange rate but how exactly is it done and by whom? For example, consider US and India. (https:/...
0
votes
1answer
75 views

USD stock investment with EUR base currency

I can't wrap my head around this: In late 2011 I used EUR to purchase stock valued in USD. Dividend yield aside, the stock advanced a lot. However, EUR/USD also changed quite a bit. I am ...
-5
votes
1answer
195 views

Are dollar bills considered negotiable instruments? If not why? [closed]

Preface: I am talking about federal reserve notes (or US notes though antiquated), but not coin. As I understand it in the United States, the only real money is coins. The paper money is a promise by ...
3
votes
2answers
153 views

Pros and Cons investing in domestic currency

As a Swedish citizen and investor, what would be the pros and cons of investing in instruments in "kronor" instead of say dollars or euros, in the long and short run? One pro would be the fee to ...
1
vote
3answers
162 views

How can a UK resident make small investments in non-pound assets?

I'm a UK resident and citizen, who, to provide a little security in terms of potential future currency fluctuations, would like to hold some assets that are not valued and traded in GBP. Ideally they ...
1
vote
1answer
49 views

How to account for transferring money from a USD account to a GBP account?

I am using ZipBooks online software for my bookkeeping, however I do not know how to approach the following situation. I have 2 bank accounts; one in USD, the other in GBP, and I am transferring $...
3
votes
1answer
720 views

InitiativeQ - new currency some sort of get rich quick scheme?

I was recently invited to join InitiativeQ via a friend on Facebook. The underlying idea makes rough sense to me (as a non finance expert). However their 'hook' seems to be that early adopters will ...
1
vote
1answer
136 views

A growing currency versus USD [closed]

I checked the graphs of many currencies such as the Australian Dollar, Euro, Turkish Lira, Indian Rupee, Stirling Pound, etc. In recent years, all of the currencies that I am familiar with are ...
1
vote
3answers
111 views

Why is there a difference in currency conversion rates?

When looking at the USD/BRL conversion rate I see a rate more or less 1 USD = ~ 3.90BRL. Then when I want to transfer my funds from my contractor (in USD) to my local account (in BRL), I wait for a ...
0
votes
2answers
167 views

How do I short a currency?

I believe a certain country's currency will fall sharply (compared to the USD) in the next couple of years. Is it possible for me to profit off of this situation? If so, how?
3
votes
2answers
600 views

Which options do I have to hedge GBP vs EUR in the context of Brexit?

I live in the UK and have a portfolio of shares denominated in GBP (and some in USD). In the next 1-3 years, I may move to Europe, and with Brexit looming, I would like to make sure that my ...
0
votes
0answers
36 views

FX hedging with rolling FX forwards

I am considering investing in an overseas hedge fund which claims that the cost of hedging the FX risk is just the FX points of the quarterly fx forwards. The question is: when rolling the contracts ...
-3
votes
1answer
234 views

Whats the use of having a lot of gold, when no one buys it?

Whats the use of having a lot of gold, when no one buys it? Is it just to have a stable currency in the case when the value of money drops (inflation)?
0
votes
0answers
29 views

Are there US domiciled mutual funds that can be purchased using foreign currency?

I'm an American citizen and I own some British pounds that I would like to invest in an international stock market index fund (along the lines of VGTSX). If possible I'd like to purchase the shares ...
1
vote
2answers
92 views

Determining Futures price on the delivery date

When traders don’t get out of their fx futures positions before they expire, on the delivery date, is the amount exchanged the specified price on the contract when it was signed or the spot price ...
-4
votes
5answers
197 views

What are the currency rules when lending money to a friend?

Let's assume Alice lends 5000 EUR to Bob for three months (because that's what Bob asked for). But Alice's bank account is in USD. So, on 1st of January 2018, Alice looks at the exchange rate of EUR/...
1
vote
2answers
257 views

Are there multiple Bitcoin markets?

I have the (possibly wrong) suspect that Bitcoin questions are not received too well here, so I kindly ask you to go easy on me :-) According to this question we should categorize Bitcoin as a ...
23
votes
4answers
4k views

What is the difference between these two S&P 500 ETF?

I wanted to invest in the Vanguard S&P 500 ETF which has the ISIN code US9229083632 However I just discovered it is not available in my country. As an alternative I am considering investing in ...
5
votes
1answer
98 views

Why does renminbi have three currency units?

I'm currently trying to understand what is meant by a Currency Unit. In the context I'm working with, renminbi/CNY is given as an example of a Currency, that has three Currency Units - The yuan, jiao, ...
3
votes
1answer
47 views

Taxes on investments denominated in a foreign currency

I am having issues determining if I need to declare gains or losses on my taxes. Suppose I had $500 and converted to Brazilian reals at the rate 1 to 2, so R$1000 and with that money I bought some ...
2
votes
3answers
195 views

How to get the “pure value” of a currency?

I would like to do some data analysis and find out how news and tweets influence markets. I would like to begin by investigating how USD does change according to news and various events. But is there ...
-10
votes
4answers
665 views

Why did the $2 bill lose its cash value?

The $2 bill used to be worth two dollars, (duh) but now it's worth nothing in most places. Why?
2
votes
0answers
243 views

What makes a legal $100 note illegal? [closed]

I own a one hundred dollar note that has a small rubber stamp. This red rubber stamp carries the name of the exchange company. I know that bank notes must be clear, without tears, without written ...
2
votes
1answer
150 views

Sending Money Out of India

My friend has a situation that he'd like assistance with -- we've looked online for help, but we cannot find clarity. First let me 'set the scene'. Then I'll phrase the question concisely at the end. ...
-1
votes
3answers
176 views

By pass the 100% limit in shorting: Capitalising on a Market Crash

I want to short a cryptocurrency that is highly overvalued. Let say its current value as of now is $10,000 , my intuition say that sometime next year like Feb its going to fall significantly to about $...
-1
votes
0answers
34 views

How trustworthy is the data on currency and gold reserves of various countries?

For example, I go to Russian central bank web site, where it displays monthly data on its gold and currency reserves https://www.cbr.ru/hd_base/mrrf/mrrf_m/ (right click - translate to english in ...
-1
votes
2answers
408 views

How can I speculatively invest $1000 in (micro)bitcoin? [closed]

How can I invest $1000 it micro-bit-coins, or whatever they are called?
2
votes
0answers
49 views

Implied appreciation of a currency

I have a very specific question in regards to a forward calculation. The USDEUR spot rate today is 0.759503. Libor and Euribor forward rates for the NeXT year are as follows: Fwd 3m Libor 0.00288 0....
1
vote
1answer
112 views

Calculating value of a cryptocurrency portfolio

If I have a number of different cryptocurrencies and their current exchange rate in both bitcoin and USD, would this be true? portfolio balance in bitcoin == portfolio balance in USD / bitcoin to USD ...
0
votes
1answer
39 views

How to calculate P&L for a given period of time [closed]

Let's say I have a currency trading app. I start with $100 USD, and after 4 weeks, though trades, I now have $200 USD. My P&L would be 100$ or up $100. So the calc would be: P&L = ...
2
votes
1answer
109 views

How do I hedge against currency risk without tying up a lot of capital?

Is there some kind of synthetic ETF that magnifies changes to exchange rates so that if, for example, the Canadian dollar increases by 5% with respect to the American dollar, the ETF will go up by 10% ...
0
votes
1answer
26 views

Does base currency when exchanging render different results?

My apologies for the title being vague due to length constraints. What I'm asking is would the following two scenarios render a different result? a) Having USD as the base currency and dividing the ...
0
votes
1answer
58 views

What is the cheapest way to send Euros from cash Japanese Yen in the Netherlands? [closed]

Suppose one has ~300000 JPY in cash. In the Netherlands, what is the cheapest way to convert this cash to EUR, and send it to an account?
4
votes
2answers
2k views

Buy stock in Canadian dollars or US?

I am located in Canada. I've been buying US stocks(listed on a us stock exchange), my question is, should I buy them in Canadian dollars or convert to US and buy? I have tried both, my broker ...
3
votes
1answer
942 views

Generic name for the smallest unit of currency?

For example, in Canada and the US, it's a "cent", in Bitcoin it's the "satoshi", in Bahrain it's the "fil". What's a generic word that means "smallest unit of this currency"? By "smallest" I mean ...
0
votes
1answer
77 views

Which US coin type has more older coins in circulation?

Which US coin type (as in Quarters, Cents, Dimes, Nickels, Half Dollars, etc.) has the most old coins out of all in circulation?
66
votes
9answers
16k views

Why do financial institutions charge so much to convert currency?

With all the modern technology that we have, I am astonished that financial institutions charge such exorbitant prices for currency conversions. My bank, Fifth Third, charges a 3% conversion fee, ...
0
votes
1answer
58 views

How foreign cash is beneficial for a country? [closed]

Imagine for example people of country X working abroad ( in Europe as an example) and bring home every month 3000 euro which is equivalent to 9000000 of local currency for example. How does this cash ...
1
vote
0answers
115 views

Difference between buying a NYSE-listed company in USD or in EUR

Let's say I'm a European living in Germany and a company is listed only on the NYSE in USD. On my trading platform I can buy shares of this company either on the NYSE in USD or on Xetra in EUR. When ...
0
votes
1answer
79 views

Is percentage of one owning the total money equivalent to that of total wealth? [closed]

Just a hypothesis: at a certain instance(so no inflation or deflation concerns), within a single economic entity, if one owns half of the money, does it mean he also owns half of the total wealth? I ...
2
votes
3answers
241 views

How to measure a currencies valuation or devaluation in relevance to itself

Usually when currencies are devalued, the percentage change is given in relevance to USD or EUR. Is there a way to measure the currencies change in value to itself or to all the world's currencies ...
4
votes
2answers
521 views

GBP savings, what to do with them if leaving the U.K. in about 2 years time?

I am EU citizen living in U.K. and with some savings into a U.K. bank account. I am planning to leave UK in about 2 years time, I don't need the savings right now, the savings give me on average a 3% ...
1
vote
0answers
341 views

Where can I find the European equivalent ETFs from a USD superdiversified 10 ETFs portfolio

I have been using this superdiversified 10 ETFs portfolio. To lower the risk it's composed from stocks and bonds across the globe and includes some commodities. Being in USD currency and the Euro ...
1
vote
2answers
1k views

Can we open a bank account in GBP in Pakistan

Can we open a bank account in GBP in Pakistan, I am thinking about taking 14K in GBP with me to Pakistan while flying there. I would like to buy a house for one of relative but if plan changed I ...