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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1answer
59 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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28 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
76 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
681 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
76 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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1answer
54 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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0answers
47 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
57 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
78 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
28 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
102 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
85 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
111 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
67 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
150 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
73 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
2k 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
147 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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0answers
49 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
132 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
133 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
157 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
107 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
183 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
97 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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0answers
53 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
59 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
142 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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0answers
96 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
63 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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0answers
17 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
163 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
62 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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0answers
21 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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1answer
48 views

When are foreign exchange market hours?

This is probably a daft question. I am been googling for answers but still can't be sure about the answers I got from google. I am trying to send money from Malaysia to the UK through Revolut. But I ...
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3answers
127 views

If you buy asset in one country that is 2/3 owned by an investor in another country, what currency do you pay in?

I'm in the US. I want to acquire a UK-registered firm that is 2/3 owned by foreign investors. The UK firm is private. What currency must I use to make the purchase? Where is it written that this is ...
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1answer
87 views

Value of old foreign bills as collectibles

I have several paper Francs and Marks from the 1930's and 40's. Do they have any value as collectibles or legal tender?
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1answer
41 views

Can I sell ETFs or Mutual Funds participations and receive the securities instead of the money, or the money in a different currency?

Let's say I have bought participations in a mutual fund in euros, but the fund's underlying assets are in US dollars (e.g. a fund that tracks the S&P 500 but that is offered in euros). At some ...
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3answers
171 views

I bought a product of 100$ at INR 7000 and did refund. Now I got INR7100 . From where INR 100 came?

I know this must have happen due to the fluctuation of dollar rate with respect to INR. But the point is that 'I got INR 100 extra and company refunded only 100$. So company is not in loss I am in ...
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0answers
33 views

How should I report a Foreign Financial Account that contains more than one currency on TurboTax?

I use Turbotax to prepare my taxes in the United States. How should I report a Foreign Financial Account that contains more than one currency on TurboTax? All currencies are in the same account number....
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2answers
144 views

If I buy index funds that are measured in foreign currency, am I not speculating?

I live in Germany and have invested into the S&P500 over the last couple years. Just now for some reason I am wondering if I am not speculating over the exchange ratio of euros and dollars. My ...
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2answers
155 views

How to find minor currency price by using 7 major currencies

I have price of all 7 major currencies. EUR/USD, USD/JPY, GBP/USD, USD/CHF, AUD/USD, USD/CAD, NZD/USD Now what is the formula to find other minor currency prices by using major currency prices? . ...
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2answers
245 views

Would a Senior Frontend Developer salary in Poland of 9950 - 14920 PLN be a monthly or yearly salary?

A company in Wrocław Poland advertises a job of Senior Frontend Developer for a salary of "9 950 - 14 920 PLN gross on an employment contract (UoP)" https://www.monterail.com/careers/senior-...
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1answer
75 views

How do I check what currency a fund is denominated in?

VXUS is a international stock ETF, but I purchase in USD. I was under the impression that it was denominated in foreign currencies, as I was partially trying to diversify against domestic currency ...
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2answers
83 views

Hedging currency in anticipation of relocating

I live in the US, so I use USD for daily activity, but I plan to move to the EU in <5 years and live there long term. My portfolio is currently denominated in 80% USD and 20% other, but I don't ...
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3answers
20k views

Are all current world currencies 'decimal'?

Historically, non-decimal monetary systems were common. E.g. pound / shilling. Every currency I can think of or have ever used is 'decimal' (where a higher/lower unit of currency is either a ...
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1answer
1k views

Using TransferWise to pay for online shops [closed]

I often use paypal to make the payment in online shops sites like ebay or amazon but the fee for currency conversion it makes the buy a little more expensive than i thought it should be. Today i just ...
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3answers
448 views

Why to borrow in USD instead of EUR?

With much lower interest rates in EUR than in USD it should be meaningful to borrow the former instead of the latter. Indeed, as reported by various sources (Bloomberg and Reuters for example), EUR-...
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1answer
97 views

Is currency value preservation considered a capital gain?

There are many ways a currency can lose its value. For example, during the financial crisis people were dumping GBP in favor of reserve currencies such as USD, which will probably happen again during ...
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0answers
547 views

Does it make more sense to purchase VTI or VUN?

I live in Canada. VTI and VUN are both US total market index funds through Vanguard. VTI is the American version, VUN is the Canadian version. VTI has an MER of 0.04% but the dividends are subject to ...

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