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
124 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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1answer
91 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://bit.ly/2SuSIWf 14,920 PLN = $3,822 US ...
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2answers
95 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 ...
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1answer
68 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
76 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 ...
49
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10answers
7k 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 ...
52
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3answers
18k 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
62 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 ...
0
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3answers
241 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
86 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
89 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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1answer
80 views

How to properly understand an exchange rate

I am having an enormous amount of confusion on exchange rates. If for example , i have an exchange rate of £/$=1.10, i know that with one pound i can buy 1.10 dollars. First question: So can the ...
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0answers
62 views

How do you read an exchange rate?

So i came across these sentences when reading about the j curve: In the goods market model, it is assumed that the exchange rate (E$/£) is directly related to current account demand in the United ...
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1answer
36 views

Implications of uncovered interest rate parity condition [closed]

Below i attached the interest rate parity condition in terms of exhange rates. Below i attached the interest rate parity condition in terms of exhange rates. The national interest rate is the euro ...
0
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2answers
112 views

International transfer: who determines the exchange rate?

I live in country A and work for a company located in country B. Every month, my salary (in USD) is paid via international transfer, and an exchange rate is applied for converting it to my local ...
3
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1answer
130 views

Direct access to the currency exchange market

It is now fairly common for "lambda" users 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 ...
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2answers
76 views

Currency of asset depend on the exchange traded on?

Does the currency of an asset depends on the exchange? For example, if I have an asset traded on US-Exchange, then the asset is traded in dollar and can never be traded in euro. Or? So I cannot ...
3
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4answers
711 views

Investing in Cryptocurrencies

How does one invest in cryptocurrencies? Would it be like investing in other stocks (say Google, Microsoft), or would the investor actually have to install the program on their computer and purchase ...
10
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2answers
711 views

Where to categorize crypto-currencies

In Germany, crypto-currencies like Bitcoin are all over the news lately, making me aware of the fact I don't know much about them. A journalistic TV program I was watching yesterday even claimed ...
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2answers
96 views

Long-term Returns on International Currency

Some investors, when forecasting a localized (to the relative nation or source of currency) economic downturn or currency devaluation, choose to invest in foreign currency. I have seen portfolios that ...
5
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1answer
703 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
44 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
111 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
29 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 ...
11
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6answers
1k views

Layman's guide to getting started with Forex (foreign exchange trading)?

How should I get started with Forex (foreign exchange trading)? How should I prepare myself for it? Please give your answer thinking of me as a layman.
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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 ...
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
609 views

Buy Php in Malaysia and sell to Philippines

I am a Filipino working in Malaysia. I went to the remittance center yesterday, the exchange is MYR 1 = PHP 11.20. I noticed the buy/sell board table. Buying Php for MYR 8.52, Selling MYR 8.98. I do ...
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1answer
91 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?
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2answers
129 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 ...
5
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1answer
433 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 ...
0
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2answers
208 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 ...
16
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4answers
5k 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 ...
8
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8answers
7k views

Best way to buy Japanese yen for travel?

Going to Japan in about a week, and I'm looking for ways to buy Japanese yen. In Australia, it's pretty nuts. If you exchange money from them, they'll charge you 5-6% above the mid rate of the ...
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
117 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
252 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 ...
3
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2answers
20k 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?
1
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1answer
105 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 ...
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2answers
1k 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
55 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
59 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
191 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 ...
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0answers
54 views

US tax question, sold foreign stock and after some time repatriated the money. How do I handle currency fluctuations?

I, a US citizen sold some foreign stocks. But could repatriate the money to US after a while. In that time the currency moved substantially. How do I account for currency fluctuations? My Schedule D ...
1
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1answer
130 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
60 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
98 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?
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1answer
43 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
39 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 ...

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