Questions tagged [currency]
For questions related to currencies or foreign exchange markets. Ideally, this tag should be accompanied by specific currency tags under discussion.
394
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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 ...
2
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0
answers
80
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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 ...
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139
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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 ...
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102
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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 ...
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2
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236
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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 ...
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45
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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 ...
- 465
0
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2
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67
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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 ...
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46
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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 ...
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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, ...
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1
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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 ...
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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?
- 433
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4
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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 ...
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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 ...
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351
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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 ...
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170
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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 ...
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198
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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?...
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1
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98
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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 ...
- 16.9k
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1
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112
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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 ...
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43
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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
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47
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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-...
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60
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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 ...
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1
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163
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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 ...
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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?
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105
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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 ...
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3
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466
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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 ...
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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 ...
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759
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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 '...
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173
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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 / ...
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154
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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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99
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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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288
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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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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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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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105
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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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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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7
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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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7
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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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3
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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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0
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204
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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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0
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40
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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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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 $100 bill? At what point ...
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1
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The Venezuela Stock Market Crashed 99.90% on March 15th, 2021. What happened and why?
https://tradingeconomics.com/venezuela/stock-market
Was looking at the graph above for the Venezuela Stock Market and the Caracas Stock Exchange Stock Market Index crashed 99.90% over the weekend of ...
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How to exchange US stock shares for crypto in other country?
I have shares of stock with US Etrade, but I no longer live in the US and no longer have a US bank account. I want to cash out those shares and use that cash to invest in cryptocurrency and possibly ...
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Is the value of a country's currency affected by it's economic status? [closed]
I always thought that since US was the best economy in the world, it's currency ($) 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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111
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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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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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2
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80
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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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84
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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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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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66
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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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