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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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2answers
81 views

Cheapest way to transfer money from South Africa to UK

I am emigrating soon and have saved some money (in South African Rand) which I will need to take with me. It will just be enough to cover basic expenses for 3 months. I am moving from South Africa to ...
2
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2answers
45 views

Offsetting currency fluctuations with investments abroad

Say you you invest x euros at t0 in a mutual fund through a European exchange. After ten years, at t1, the investment doubles to 2x euros. Would you end up with the same amount of euros at t1 if you ...
-1
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0answers
49 views

Investing euros in US

Imagine two European twins, A and B. Both have 10 euros each (this low for illustration purposes only). A decides to move to the United States and becomes a permanent resident. B remains in Europe. A ...
0
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0answers
37 views

Transferring money from India to US

I am a US citizen with OCI (overseas citizenship of India). I took a loan for 14 lakhs from my bank in India for some emergency purposes but never utilized for those purposes. Now can I convert the ...
0
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2answers
95 views

Are online purchases reported to IRS or FinCen

I am an international student in US. if I buy products online using my debit card and my online purchases and wire transfer in (my family transfers me tuition from back home directly in my account and ...
0
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1answer
66 views

At what price is a forex order executed?

So I'm new to the fx market and am a little bit confused. Say I place a buy stop order for EUR/NZD at 1.67451. This price (1.67451) is the ask price or the bid price? That is will the order get ...
1
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1answer
94 views

How the uniformity in exchange rates are achieved?

Suppose it takes 1200 euros to visit Suriname. and I am from India. Now first i converted 1200 euros to inr which came as 93689 rupees . Then just out of curiosity, I tried converting 1200 euros to ...
3
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1answer
49 views

Do USD-denominated ETFs offer the same protection than EUR-denominated ETFs against a weakening USD->EUR exchange rate?

Do USD-denominated ETFs offer the same/similar protection than EUR-denominated ETFs against a weakening USD->EUR exchange rate? Assume that these ETFs solely contains European holdings (e.g., firms ...
-2
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1answer
75 views

Help on Unknown Currency/Country code

Are the below valid Current/Country codes: BML IPE IPF NBR NUL NYM If valid, can you point to the correct source?
0
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0answers
59 views

best way to receive a USD wire transfer without a US account?

I'm based in the UK and want to receive some money from a US company called Fidelity. Last year I set up a transferwise 'borderless' account, which worked really well. I had a virtual US account, to ...
1
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1answer
23 views

Can I get online payment in USD or Euro in my Indian bank account registered with indian company? [closed]

I am going to register my company in India and will open an indian bank account with company name. The payment mode will be online, so please let me know whether I can get the payment in USD and Euro ...
1
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1answer
36 views

ETF currency confusion: EUR vs GBP

Currency confusion. Looking at the ETF: Stoxx Europe 600 UCITS ETF 1C, it says: "Share Class Currency: EUR". Listed on the London Stock Exchange, this fund has the price listed in GBP. I need to ...
0
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0answers
34 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 ...
7
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3answers
335 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
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1answer
146 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
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2answers
94 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
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1answer
32 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 ...
30
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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
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1answer
77 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 ...
3
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2answers
156 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
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3answers
171 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
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1answer
53 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
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1answer
744 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
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1answer
144 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
113 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
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2answers
169 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
805 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 ...
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votes
1answer
235 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)?
1
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2answers
127 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
209 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/...
3
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2answers
1k 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 ...
24
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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
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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
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1answer
51 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
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3answers
198 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 ...
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4answers
971 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
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1answer
151 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. ...
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3answers
180 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 $...
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2answers
417 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
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
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1answer
113 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
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1answer
40 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
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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
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1answer
59 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
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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
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1answer
1k 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
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1answer
97 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
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9answers
17k 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
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1answer
62 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 ...