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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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1answer
134 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
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3answers
108 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
164 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
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2answers
198 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
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0answers
29 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
229 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)?
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0answers
27 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
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2answers
55 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 ...
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5answers
183 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/...
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2answers
243 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
95 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
42 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
180 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 ...
1
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0answers
38 views

Where can I find a chart or the historical exchange rate of all currencies compared to a benchmark? [closed]

A number of sites allow currency exchange between 2 pairs, historically, as well as charts, but where can I find a comparison of all currency exchanges pairs at one time, eg to gold or to a benchmark ...
1
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0answers
68 views

How to make recurring automatic transfer from US to Philippines? [closed]

I'm a U.S. citizen trying to set up an automatic recurring transfer of USD from a U.S. bank account to PHP in a Philippines bank account. I want to transfer about $500 (PHP 25,000) twice a month. I'...
-10
votes
4answers
401 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
231 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
139 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
173 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 $...
0
votes
0answers
32 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
362 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
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0answers
45 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
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1answer
110 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
35 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
101 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
24 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
49 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
1k 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
625 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
71 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?
65
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
52 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
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0answers
98 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
77 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
208 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
309 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
279 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
846 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 ...
2
votes
1answer
65 views

How to detect currency rates changes?

I know the factors (like supply and demand) but how the economics know the value of a currency in a certain time exactly? They couldn't possibly take all the factors in the universe instantly into ...
2
votes
1answer
192 views

What should one do with extra Japanese Yen, if they're not planning to stay in Japan?

Consider an individual who: is currently working for a short period of time in Japan (~2 months), will begin working in Europe directly after, and may possibly work in the USA within the next 10 ...
4
votes
1answer
287 views

Google Finance gain value incorrect because of currency fluctuation

I'm french, and I bought some stocks in Paris and New York Stock Exchanges. I'm trying to use an online portfolio tracking tool like Google Finance, but the final gain value is incorrect because of ...
-1
votes
1answer
101 views

why the currency data(such as USD/JPY) is different from different source

I am a new guy to finance. I found that the currency rates for USD/JPY or CNY/JPY have slightly different from different source. For example: USD/JPY 2017/07/10 (1) 114.08: https://www.oanda.com/...
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votes
2answers
1k views

Is it possible to trace the source of bills that I've collected in USA by serial number?

Last year in Las Vegas, I cashed out a couple of cash vouchers (worth around 60$) at the special ATMs located inside casinos. Finished my trip and headed back to Turkey. Then the failed coup attempt ...
0
votes
1answer
88 views

Determining the basis for capital gain [duplicate]

If the value of the US dollar is greater than what I originally exchanged it for, is it considered capital gain? If so, how do I determine the amount I gained? EDIT: For example, I traded $100 USD ...
4
votes
2answers
349 views

Is income from crypto-currencies taxed?

I'm curious to know how regulated (or unregulated) income from crypto-currencies is whether it's from mining or asset appreciation. Would you owe capital gains taxes? Is this still a very gray area in ...
2
votes
1answer
226 views

How to decide whether to receive salary in USD or CHF?

I have to choose the currency (USD or CHF) in which I will receive payments for my work in the period of 1 year. I live in Poland, I'm software developer in a startup for a company in Switzerland. ...
0
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3answers
177 views

What is the lifespan of a series of currency?

I traveled to Canada from the USA and as a souvenir I decided to bring some Canadian cash back with me. While I plan to keep it just as a souvenir, it made me wonder how long a currency can legally be ...
0
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1answer
199 views

Why would a country want to use the currency of some other country? [closed]

Indian Currency (INR) is used by Nepal & Bhutan. US Currency (USD) is used by many countries including East Timor & Panama. What advantages (& disadvantages) are there, for the "using" ...
0
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1answer
69 views

How does price of spot gold works in relation to foreign exchange?

What I mean by this question is when I buy gold, which currency is the price of the gold based on? So assuming I am from China and I wish to buy gold through goldmoney.com, they allow me to choose ...