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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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 ...
2
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1answer
110 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% ...
2
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1answer
57 views

Is there a financial benefit for buyers from using community currencies?

My city is introducing its own local currency, so I've been reading about similar established projects like the Brixton Pound. I understand that local businesses will benefit from it thanks to the ...
2
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1answer
671 views

Moving to Europe, savings in the US, alien both in Europe and the US, trying to maximize exchange rates

This question has several parts, but the underlying story is the following: I currently live in the US, I am moving to Europe (specifically, France) in a couple of months, for at least two years. I ...
2
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1answer
150 views

How to identify currency of online payment

I made a donation online to a Canadian charitable organization, entering a donation amount in dollars, assuming it to be Canadian currency. It turns out that their donations were being handled by ...
2
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1answer
2k views

Does a falling dollar mean doom for real estate?

The Aussie dollar has started its downward trend and is predicted to go down to USD 70 cents. I was planning on purchasing a property for myself to live in. However, members in public forums are ...
2
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2answers
666 views

How does the currency between countries relate

How does the currency and value of that currency in a country affect the currency and value of another country. For example whats does the following mean and how can it change: Costa Rica Colon) - ...
2
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1answer
198 views

I’m going to Russia. Where should I exchange my currency?

Is it better to go abroad with euros? What is the best kind of place to exchange currency?
2
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1answer
655 views

Sites to obtain historical chart of currency exchange rates?

Besides Yahoo Finance, is there any site where I can obtain history chart of currency exchange, for cross comparison purpose? (As I realize British Pound against my country currency is the lowest ...
2
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1answer
171 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 ...
2
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1answer
232 views

What should one do with extra Japanese Yen, if they're not planning to stay in Japan?

Consider an individual who: is currently working for a short period of time in Japan (~2 months), will begin working in Europe directly after, and may possibly work in the USA within the next 10 ...
2
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1answer
343 views

VEF/USD trading option

Does there exist a VEF/USD (Venezuelan bolivar) spot or derivative market on any public exchange?
2
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1answer
3k views

Invest as dollars in India

I resides in India (currency:Rupees).I have my payment from a US based company in dollars.They sent me the amount via Paypal.Paypal converts the payment to rupees while transferring to my Indian bank ...
2
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3answers
6k views

How to know when to buy british pound

I will have to pay a tuition fee of 6000 British Pound by the end of August and I own Euros. How can I decide if I should convert my currency now or if I should wait a few months. I have absolutely no ...
2
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2answers
105 views

How can I diversify investments across currencies in ISA?

Is it possible to diversify investment in ISA by buying foreign currency, funds denominated in other currency than GBP, or other investment product that can hedge GBP value moves?
2
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1answer
859 views

Gift tax on currency exchange with friend?

I have a friend who is moving from the UK to the US for studies. She intends to transfer her money in the UK (~20K GBP) to the US for personal maintenance. I have a brother who will be starting ...
2
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2answers
100 views

International bonds, currency differences, and effect of inflation on such bonds?

Country X's national government purchases country Y's government-issued bonds. Would the bonds be issued in country Y's currency? How does inflation (of either country's currency) factor into this, ...
2
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1answer
102 views

To minimize the spread costs in shopping in the North or Europe

I just noted that my Norwegian Nordea's Visa Debit card's spread is 2,56% when I pay my shoppings with it in Estonia: >>> a=7.33 // Google showed this course in its search by 1 EUR in ...
2
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3answers
611 views

What extra charges and fees will I be billed for an international credit card transaction?

I've never traveled abroad in the past. I live in the US, and am taking a vacation shortly to Italy. At this time, I'm trying to understand what additional fees will be incurred if I attempt to use ...
2
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1answer
179 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 ...
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. ...
2
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3answers
319 views

How to measure a currencies valuation or devaluation in relevance to itself

Usually when currencies are devalued, the percentage change is given in relevance to USD or EUR. Is there a way to measure the currencies change in value to itself or to all the world's currencies ...
2
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1answer
71 views

Currency forward rates

I'm looking at EUR/USD forward rates here: http://www.investing.com/currencies/eur-usd-forward-rates Can someone explain, in very simple terms, what do the bid/ask prices mean? And what is the ...
2
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2answers
154 views

How do I bring money overseas?

I am Australian and am going to Malaysia in a few weeks. Now obviously I would like to bring some money with me so I can buy things like food and the such. What would be the best way to go about ...
2
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1answer
245 views

Buying Euros in a Canadian Trading Account

The Euro is trending low, and I have long term plans which might involve living there. I have a German girokonto (which costs me an outrageous Eur5/mo to hold), but no European trading account. ...
2
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1answer
83 views

How to bet that INR will gain in value

If I want to bet that in the next 3- 5 years, under the new government, the INR will recover most of its values against USD (a.k.a 1 USD = 50 INR), what investment/trading/betting options are ...
2
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1answer
182 views

How should I keep track of my financial assets across borders and currencies?

I'm an expat and am curious: Is there any better way out there to manage my various assets in differing currencies across borders and markets? Currently, I just use a spreadsheet, but it is becoming ...
2
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1answer
2k views

What is the maximum amount of money I can send from the US to India per year?

I heard that there is a limit on the amount I can send. Can someone shed light on this? Also, do I have to notify the IRS if I send above a certain amount? What is the amount?
2
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1answer
836 views

How To Transfer Money Online So The Other Person In Another Country Receives It In Cash?

We all are familiar with famous international money transfer service - Western Union. Most use their locally available branches in their country to send money so the other person receives money in ...
2
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1answer
312 views

Most beneficial currency exchange method for Chinese travelling to USA?

I will be traveling to the United States soon. My money is all in Chinese renminbi. My understanding is that I have 5 options available for converting my RMB to USD: Buy USD from Chinese banks and ...
2
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2answers
1k views

Is it smart to move private (euro) savings to a different currency?

Lately, I'm hearing a lot of talk about the euro's impending demise (I don't know how true that is by the way). And it's making me a little bit worried about my savings. I don't have a lot of savings,...
2
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2answers
5k views

How to send money from europe to usa EUR - USD? [closed]

What's the best way for transferring money from Europe to the USA and vice-versa? By best I mean lowest fees and a good exchange rate. To the best of my knowledge banks are usually bad with both. I ...
2
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0answers
54 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....
2
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1answer
828 views

Gnucash: How to track similar expenses in two currencies appropriately?

Suppose that someone spends most of their life in one country with currency X, and a few years in another country where they have currency Y. Let's suppose also that the person earns a similar income ...
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3answers
3k views

USD to CAD Vs CAD to USD

Why is USD to CAD more than CAD to USD? How does this work? USD/CAD close:1.35206 -->35.2% CAD/USD close:0.73988 -->27.0%
1
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4answers
414 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
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3answers
577 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 ...
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 ...
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
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 ...
1
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2answers
167 views

What foreign currency exchange rate is applied at cash machines

I recently came back from Auckland and China . Prior to withdrawing cash from ATMs , the currency exchange sell and buy prices give an estimate price. I wonder how much € exactly will 100 NZD cost. ...
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1answer
116 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 ...
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2answers
2k views

Can we open a bank account in GBP in Pakistan

Can we open a bank account in GBP in Pakistan, I am thinking about taking 14K in GBP with me to Pakistan while flying there. I would like to buy a house for one of relative but if plan changed I ...
1
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1answer
1k views

How to record currency exchange in double entry

I decided to make my own double entry accounting program that deals with multicurrency. However, I am facing an issue in dealing with following scenario: I have two bank accounts: From: Opening ...
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2answers
215 views

How do currency ETFs track the spot prices? And which amount one has to invest for full hedge?

I've got a couple of doubts about how currency ETFs work. How do they track the spot price? For example, I was checking the FX pair GBPUSD, I've seen: Spot price GBPUSD: $1.5382 ETF long GBP short ...
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2answers
166 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 ...
1
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2answers
598 views

Which technical indicators are suitable for medium-term strategies?

I'm doing some "retail forex" by (for example) exiting hydrocarbon-dependent currency and entering one weakened by parting the political union but ought to bounce back. As you see, I'm basing my ...
1
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1answer
284 views

Chinese account, live in Europe - rather get paid in RMB or EUR?

I'm currently living in Germany, but have a Chinese employer. I've got an account in both countries (ICBC in China and Sparkasse in Germany), and get my salary paid in RMB to my Chinese account, and ...
1
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2answers
537 views

How do companies protect employees' income from currency flucturations? [closed]

Say you are an export-oriented company, selling products abroad and receiving income in some (nominally stable) basket of currencies. Now let's suppose your own domestic currency, the one you use to ...
1
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1answer
131 views

How to manage currency risk in international investing

Exchange rate fluctuations can wipe out or augment your return from a foreign stock investment. Is there any way to protect yourself from such risk?