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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1 vote
1 answer
81 views

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 ...
-1 votes
1 answer
71 views

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 ...
0 votes
0 answers
37 views

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
1 vote
0 answers
38 views

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-...
3 votes
0 answers
49 views

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 ...
1 vote
3 answers
289 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, ...
1 vote
1 answer
108 views

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 ...
0 votes
2 answers
68 views

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 ...
50 votes
10 answers
15k views

Are you preparing for a possible dollar (USD) collapse? (How?)

After the last crisis it was easy for many to look back and say all the signs were there to indicate an impending crisis. Super-low interest rates from the FED, no down-payment loans, interest-only ...
2 votes
3 answers
449 views

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 ...
8 votes
4 answers
4k views

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?
0 votes
1 answer
957 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 ...
1 vote
0 answers
69 views

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 ...
-2 votes
1 answer
753 views

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 '...
0 votes
1 answer
156 views

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 / ...
0 votes
0 answers
151 views

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 ...
6 votes
2 answers
3k 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 votes
1 answer
94 views

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 ...
1 vote
2 answers
254 views

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 ...
0 votes
1 answer
95 views

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 ...
15 votes
2 answers
4k views

So the vending machine tore my $5 in pieces. What now?

The vending machine swallowed half of my $5 bill, and the other half remained in my hand. Can I get my $5 back, or is it all lost forever?
31 votes
7 answers
12k views

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 ...
0 votes
1 answer
119 views

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 ...
0 votes
0 answers
104 views

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 ...
4 votes
1 answer
454 views

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 ...
20 votes
7 answers
11k views

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 ...
3 votes
2 answers
25k views

Ripped plastic Canadian currency/bills

Can a ripped Canadian Plastic Bill with 60% portion of the bill remaining containing both serial #s still get full value?
2 votes
0 answers
126 views

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 ...
-1 votes
3 answers
322 views

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 ...
1 vote
0 answers
34 views

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 ...
3 votes
1 answer
203 views

Direct access to the currency exchange market

It is now fairly common for Joe Averages to have direct access to the stock market, i.e., see the book of order (up to a given depth), place a buy or sell order, cancel an order, etc. The bank or ...
-3 votes
3 answers
290 views

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 ...
38 votes
1 answer
17k views

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 ...
-2 votes
1 answer
74 views

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 ...
-2 votes
1 answer
70 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 ...
1 vote
1 answer
99 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 ...
1 vote
1 answer
9k 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: ...
1 vote
4 answers
553 views

Starting with Stocks or Forex?

I'm interested in both of the above, and had been reading about them for the past year and so. Now I'm finally going to invest money in stocks. But it's been brought to my attention that I there are ...
1 vote
1 answer
88 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 ...
4 votes
1 answer
2k views

Why are there two exchange rates for Venezuela's currency?

On DolarToday, the actual exchange rate between BsF (Bolívares fuertes) and the U.S. dollar can be found. However, in other places you will read that the exchange rate is about 6.4:1 (Bolivares ...
2 votes
1 answer
382 views

VEF/USD trading option

Does there exist a VEF/USD (Venezuelan bolivar) spot or derivative market on any public exchange?
18 votes
4 answers
9k views

Why do people buy US dollars on the black market?

I was reading news articles about people in Venezuela and Iran getting a poor exchange rate for US dollars on the black market. Why do these people need to buy dollars? Why is it still worth while ...
5 votes
2 answers
971 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 ...
0 votes
2 answers
79 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 ...
0 votes
1 answer
71 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,...
1 vote
0 answers
487 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 ...
-1 votes
1 answer
63 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 ...
1 vote
1 answer
35 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 ...
2 votes
1 answer
110 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 ...
4 votes
2 answers
2k views

Looking for online sources for historical currency data / exchange rates. Recommendations? [closed]

Is there any online service that provides (in any format whatsoever) historical foreign exchange rates, with bid/ask values? Intra-day would be preferred, but end-of-day is also of interest.

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