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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0
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1answer
40 views

Check benefits lost in currency exchange in an ETF that tracks a foreign index

Given an ETF or index fund that tracks a foreign index but is offered in your country's currency, how can you know how much money is the ETF/Fund management taking when exchanging currencies? For ...
4
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3answers
105 views

How can I avoid bank exchange rate while buying online?

I'm in Canada and often buy things from eBay (mostly from US). I check the exchange rate. For example, C$1 equals US$ 0.76, but when I pay through PayPal or Credit Card, they apply exchange rate like ...
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0answers
24 views

Local routing numbers to receive payment in AED

I live in India. One of my clients requires a UAE based bank account to make the payment. I was looking for local routing number providers like Transferwise and Payoneer. These companies provide ...
0
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2answers
83 views

Investing in USD/JPY when base currency is EUR or GBP

Let's assume you are based in France but you are a UK citizen. We can say you are mostly concerned about EUR (because you currently live and spend in Eurozone) and GBP (because you might at some point ...
12
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4answers
2k views

How invisible hand adjusts stock prices if company is listed on multiple exchanges, under multiple currencies, and one of the currencies plunges?

I'm an absolute beginner in economics and in the stock exchange and just encountered my first company that was listed in multiple stock exchanges and in multiple currencies. I'm aware of the invisible ...
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2answers
201 views

How does a cash currency trader without a trading system make money

I was recently on holidays in Turkey and had two experiences changing money. The first was a currency exchange office in the city center. The staff there had computer monitors and were hooked into ...
5
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1answer
195 views

Can I buy special drawing rights (XDR)?

A diverse portfolio reduces investment risks. But my savings may still be dominated in a single currency. One portfolio that diversifies currency holdings are special drawing rights: U.S. dollar 41....
0
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1answer
86 views

Official currency exchange API? [closed]

Is there a way to make an API call to get current Euro/USD exchange rates? Like, from the ECB?
20
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1answer
4k views

Do I have a right to cancel a purchase of foreign currency in the UK?

A few days ago I ordered 100 Euros using a travel agents website, to be picked up in their store and paid for them in GBP by debit card. I noticed just after that they aren't open on Sundays, meaning ...
0
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1answer
113 views

Swiss franc banknotes design

Why Swiss Franc banknotes do not have year of issue on the paper? I tried to find such number (year) without success - maybe it is with very small font...
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3answers
68 views

Is it better to change British pounds to American dollars or whilst I’m in Canada change cad to American dollars my son is a Canadian resident

Is it better to change British £ to American dollars Or cad to American dollars best rate ? As my son resides in Canada sbd we are travelling via the border
2
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1answer
172 views

Why the Vanguard S&P 500 eur has such a lower price compared to the original US version?

sorry if this is a silly question but I am new to the finance world. I would like to understand better why the Vanguard S&P 500 UCITS ETF (VUSA) has such a different price compared to the Vanguard ...
1
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1answer
103 views

What to invest if my savings will be used in another currency later, compare to which my countries currency devaluates?

My situation as follow: I'm planning to go abroad to study a semester during my undergrad, and then do my PhD also in abroad. My future plans are also living in abroad. The currency in these ...
1
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2answers
428 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
52 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 ...
0
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0answers
50 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
115 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
91 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
111 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 ...
2
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1answer
54 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 ...
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1answer
87 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?
5
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1answer
245 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
29 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
38 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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2answers
121 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
356 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
181 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
95 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
34 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
7k 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
82 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
165 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
177 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
67 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
773 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
147 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
116 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
177 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
1k 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 ...
-3
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1answer
241 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
167 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
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5answers
228 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/...
5
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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
5k 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
102 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
60 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
217 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
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4answers
2k 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
156 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
183 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 $...