Questions tagged [currency]

For questions related to currencies or foreign exchange markets. Ideally, this tag should be accompanied by specific currency tags under discussion.

Filter by
Sorted by
Tagged with
1
vote
1answer
621 views

What is an effective way to convert large sums of US based investments to foreign currencies?

Considering the option of one day retiring to a different country (probably an EU country). I've done a good job saving for retirement in IRA/Roth/401K accounts primarily held in mutual funds and ...
1
vote
2answers
69 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 ...
1
vote
2answers
93 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 ...
1
vote
2answers
662 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 ...
1
vote
1answer
146 views

How can there be a quote for EUR/USD from 1980s?

As far as I know, the euro currency was introduced some time in the late 1990s, many countries adopting it at the beginning of the 21st century. However, I've run into charts depicting EUR vs. USD ...
1
vote
1answer
593 views

Strategy for accounting personal finance in multiple currency?

I have started to budget and track my income and expenses using a simple spreadsheet. It have a better overview of where my money is going, but due to my work history I have money spread over ...
1
vote
1answer
73 views

Federal Reserve Notes vs Coins [closed]

More of a two part question. In the current system (Fiat only currency), why is a Federal Reserve Note booked as a liability (on the Fed balance sheet), but a Coin is not booked as a liability by the ...
1
vote
2answers
86 views

Translating a List of Monthly Payments from One Currency to Another

I have a list of monthly payments in Excel that looks like this: 01/18/2005 340.00 07/25/2005 270.00 05/10/2006 500.00 03/30/2007 730.00 10/01/2007 120.00 If the payment amounts in the second ...
1
vote
2answers
1k views

Limit on hard cash exchange (EURO -> USD) in USA

Say I have 8500 euros as hard cash in USA. Can I just walk into a bank and deposit it in my account as US dollars? Is there a limit on how much hard cash I can exchange at once in the states?
1
vote
1answer
87 views

Currency forecasts for ordinary people

I'm in a situation where I earn money in one country and have debts in another, and/or intend to relocate there eventually. Thus, at some point I'll have to transfer my earnings to another currency. I ...
1
vote
1answer
188 views

cross-currency accounting

I am an American and pay taxes in US dollars. I have some holdings in another currency, for instance, the Euro. Obviously the funds have never been repatriated but this lack of tax event is messing ...
1
vote
1answer
4k views

What is forward selling in terms of exchange rates?

We are selling some custom made products which we need to buy materials for in different currencies e.g. 100 USD + 50 EUR + 20 SGD, and we sell the products in a currency that our customer prefers e.g....
1
vote
1answer
273 views

What is currency trading and how does currency trading work? [duplicate]

Possible Duplicate: Layman’s guide to getting started with Forex (foreign exchange trading)? I have heard that people are investing in currency trading, but i don't have any idea about it. Some ...
1
vote
1answer
2k views

Hedging a foreign currency purchase (INR/USD) for a real estate transaction?

I'm looking to purchase a property in India, where the local currency is INR. My earnings are in USD. My down payment on this property will be in the range of 100-200k USD. The USDINR exchange rate ...
1
vote
2answers
6k views

What's the difference between Currencies and FX desks at investment banks?

I'm interested in working within FX in an investment bank, but I noticed that they listed Currencies and FX separately under Fixed Income, so I'm wondering if they actually refer to different things. ...
1
vote
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
vote
1answer
30 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
vote
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 ...
1
vote
1answer
72 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 $...
1
vote
1answer
48 views

Minimizing loss during two-way currency transfers involving foreign entities

I have a software platform I developed. I am in the United States, one of my customers is in Kuwait. They charge 40 KWD for each of their customers, but we do the credit card processing through our ...
1
vote
1answer
110 views

Is the Swiss stock market inversely correlated with the Swiss Franc like Japan today?

The Japanese stock market is inversely correlated with the Yen. When Yen goes up, Nikkei goes down and vice versa. This is because the Japanese economy is highly dependent on exports. Does the same ...
1
vote
3answers
79 views

Is the current price of a currency an average of daily orders filled?

If I google the current price of a currency while market is open. Is that (spot?/ticker?) price obtained from: The last order that was filled or A average of all orders filled that day? Or is ...
1
vote
2answers
600 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 ...
1
vote
1answer
93 views

How do I hedge properly against inflation and other currency risks? [closed]

What is the best way to split individual investments between commodities and individual currencies? Is there an advantage to investing in commodity money and if so, what percentage of your personal ...
1
vote
1answer
1k views

fastest way to move USD to EUR [closed]

I have the following situation wrt revenue from online business that I transact funds are coming in to my PayPal account in EUR & USD funds are coming in (currently) via a US payment provider in ...
1
vote
1answer
180 views

How do I invest in other currencies without leverage?

I am a US citizen interested in holding a small amount in another currency (euro). I would like to minimize any currency conversion fees and get a decent rate when buying the currency. I would also ...
1
vote
1answer
211 views

Opening a multi-currency bank account abroad [closed]

I'm a Hungarian citizen, and currently living in Hungary. I'm planning a long holiday trip in Europe, visiting a few countries like Switzerland, UK, and Belgium. My bank account in Hungary has HUF ...
1
vote
1answer
183 views

searching for historic exchange rate provider which meets this example data

I'm looking for a provider of historic exchange rates which fits a sample of exchange rates I have. My problem is that I have historic turnovers in GBP which I want to recalculate in EUR. All I know ...
1
vote
2answers
268 views

Currency conversion from US Citi Prepaid [closed]

I've got some money sent to me from US on a Citi Prepaid card. (Payment from Google for Google Summer of Code 2012.) However, I live in Croatia, and the withdrawal fees ($3 per withdrawal, 3% for ...
1
vote
1answer
28 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 ...
1
vote
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 ...
1
vote
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
vote
0answers
141 views

Difference between buying a NYSE-listed company in USD or in EUR

Let's say I'm a European living in Germany and a company is listed only on the NYSE in USD. On my trading platform I can buy shares of this company either on the NYSE in USD or on Xetra in EUR. When ...
1
vote
0answers
430 views

Where can I find the European equivalent ETFs from a USD superdiversified 10 ETFs portfolio

I have been using this superdiversified 10 ETFs portfolio. To lower the risk it's composed from stocks and bonds across the globe and includes some commodities. Being in USD currency and the Euro ...
1
vote
0answers
473 views

How to keep track of daily expenses having two currencies?

I want to keep track of my daily expenses using a system as simple as possible. My current choice is to have a spreadsheet where I keep track of my budget: One page controls the monthly budget ...
1
vote
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
vote
4answers
261 views

How to invest in a currency increasing in value relative to another?

I would like to make a mid to long term investment in a currency that i think will rise. The NOK is currently very low due to low oil prices, and i would like to invest in it rising, as it seams ...
1
vote
1answer
44 views

What is the name of the financial service that holds deposits for an exchange? [closed]

I want to set up a fx currency market (the barrier is low in my region). Instead of getting a license to hold customer deposits for trading, I've been told that there are institutions that hold ...
1
vote
2answers
128 views

Stock portfolio value & profit in foreign currency [closed]

Currently, I'm implementing currency exchange feature, for a stock market portfolio app. I had faced the following obstacle. In 2008, I bought a stock priced USD 1, using currency MYR. 1 USD is 3 ...
1
vote
1answer
153 views

Using the online broker as a currency converter

As a Canadian citizen who often needs to change back and forth between CAD and USD, the common options are usually the banks and the airports. To save on high conversion fees (a.k.a wide spreads ), ...
0
votes
1answer
925 views

Can shop in EU refuse to accept a banknote if there is no change?

Is it legal for large retail store to refuse e.g. 200 Euro banknote if there is no change? If this differs among EU countries, Estonia is of primary interest. Thanks!
0
votes
2answers
183 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?
0
votes
1answer
994 views

Web site for overlaying graph of exchange rate (e.g. USD/EUR) on S&P 500 index chart?

I would like to overlay the US Dollar exchange-rate vs the Euro with the S&P 500. What is the simplest way to do that? Is there a website that does that type of thing?
0
votes
2answers
105 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 ...
0
votes
1answer
115 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...
0
votes
1answer
237 views

Why would a country want to use the currency of some other country? [closed]

Indian Currency (INR) is used by Nepal & Bhutan. US Currency (USD) is used by many countries including East Timor & Panama. What advantages (& disadvantages) are there, for the "using" ...
0
votes
1answer
70 views

Do Online Currency Exchanges' registration with the government guarantee safety and reliability?

My aunt works in Hong Kong, and must send HKD back home to Canada monthly, and convert it to CDN. She hopes to avert HSBC's Wire Transfer Fee and the Foreign Exchange Spread, and ordering and mailing ...
0
votes
2answers
205 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 ...
0
votes
2answers
123 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 ...
0
votes
1answer
70 views

How to invest in Japan's stock market from the UK

I live in the UK. I would like to invest in an Asian stock market, say Japan's, ideally in the main index, in order to have exposure to the currency rate change in addition to the index exposure. How ...