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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1answer
54 views

How can I find out how much a currency is traded? [closed]

I am interested to find out which currencies are the highest traded. For instance, if someone travels from the UK to the US (as a tourist) and converts pounds to dollars, or a company that deals with ...
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1answer
163 views

What is the real exchange rate?

I am surprised by what I'm seeing with these different search engines when looking for the CAD-INR exchange rate. All of these were searched within a minute of each other. Bing (and Yahoo) Google ...
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1answer
89 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
131 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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2answers
96 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 ...
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1answer
66 views

How foreign cash is beneficial for a country? [closed]

Imagine for example people of country X working abroad ( in Europe as an example) and bring home every month 3000 euro which is equivalent to 9000000 of local currency for example. How does this cash ...
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1answer
81 views

Is percentage of one owning the total money equivalent to that of total wealth? [closed]

Just a hypothesis: at a certain instance(so no inflation or deflation concerns), within a single economic entity, if one owns half of the money, does it mean he also owns half of the total wealth? I ...
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2answers
196 views

What are the barriers to a global currency? [closed]

I am trying to understand the point of different currencies, if all currencies are just an factor away from each others, i.e. $1 Canadian = 0.7 euro = 0.75 USD and so on. What prevents a global ...
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1answer
632 views

Ways to take advantage of high/low currency prices

Currently 1 USD can buy around 0.88 EUR which is historically quite high (a few years ago it used to be 0.6-0.7). I live in The Netherlands and therefore use euros as a day-to-day currency. Now that ...
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1answer
194 views

How to decide to leave money invested in Brazil or transfer immediately to my home country?

I have sold a property in Brazil this year with the purpose to buy a house in my home country (Germany). However, until I got all the documents ready to transfer the money to germany, I have lost ...
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1answer
42 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 ...
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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 ...
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1answer
84 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 ...
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1answer
66 views

What is the cheapest way to send Euros from cash Japanese Yen in the Netherlands? [closed]

Suppose one has ~300000 JPY in cash. In the Netherlands, what is the cheapest way to convert this cash to EUR, and send it to an account?
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1answer
103 views

Which US coin type has more older coins in circulation?

Which US coin type (as in Quarters, Cents, Dimes, Nickels, Half Dollars, etc.) has the most old coins out of all in circulation?
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3answers
283 views

What is the lifespan of a series of currency?

I traveled to Canada from the USA and as a souvenir I decided to bring some Canadian cash back with me. While I plan to keep it just as a souvenir, it made me wonder how long a currency can legally be ...
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1answer
2k views

Is it allowed to transfer money between countries to make profit from currencies fluctuation?

I will try to be more specific as I expect rules/taxes to be country specific. I am a French currently living in UK. I have both EUR and GBP account in each country. Because of brexit, GBP has fallen ...
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1answer
51 views

Why are stoploss values calculated from the bid when buying based on the ask?

I am trying to calculate a stop loss in Metatrader 4. I came across this example on their site. The example creates an order at the ASK price, but sets the stoploss and takeprofit based on the BID ...
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2answers
158 views

Is it possible for US retail forex traders to trade exotic currencies? [closed]

I understand that more exotic forex currencies are riskier and have less volume; nevertheless, I am interested in experimenting with them. However, to my surprise, I have been unable to find a ...
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1answer
50 views

Currency Market Question

I am moving to Europe in March to start a 3 yr university course. I will take 35,000 Australia dollars with me. I am trying to decide how to deal with the exchange rate and would like some help. I ...
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1answer
108 views

Am I able to save money by getting loan from a lower interest rate country?

There are 2 countries: Country A Lending Rate is 4%, in a LR, interest rate is expected to remain constant Country B Lending Rate is 1% in Year 1 Q1, and there is persistent pressure to further ...
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4answers
407 views

How to avoid/limit currency exchange fees?

I live in the US, work in the US, and have a US bank account (Wells Fargo). I've often been travelling into Canada as of late, and I find the conversion fees are quite expensive when I use my credit ...
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1answer
141 views

Demurrage vs inflation [closed]

Is demurrage and inflation the same? If both are at 1% a day and today I have $100, tomorrow: - Under demurrage I'll have $99 - Under inflation I'll have $100, but that $100 will be worth only 99 of ...
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1answer
1k views

USA: Foreign currency savings, trades and tax implications

I have a question on the tax implications on my foreign currency savings and currency trades. I moved to the USA in 2014 on an 3-year visa and am tax resident for part of the year. Following my move I ...
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2answers
90 views

Is there a graphic or dataset way to campare the performance of the main currencies over the years?

Is there a graphic or dataset way to campare the performance of the main currencies over the years? I mean a graph that allows to compare many currencies on the same chart, and not two currencies at ...
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1answer
215 views

What is the best way to move money to the US from Brazil?

I just got married and my wife is moving with me to the US. We have been living in Brazil together for 2 years and have some savings. What is the best way to move $10.000 to $15.000 to a US account ...
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2answers
620 views

Relation between interest rates and currency for a nation

I understand that if interest rates of a country A is higher than that of B, then that draws foreign investment from B to A thus strengthening the currency of A. In other words, a high interest rate ...
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1answer
99 views

Change rates between RMB and U.S. dollars for money transfer between China and U.S

Let R_1 be the change rate from RMB to US dollars when transferring money from China to U.S., and R_2 the rate from US dollars to RMB when transferring money from U.S. to China. Are R_1 and R_2 ...
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1answer
106 views

What assets does the term “security” encompass?

From what I understand, the term “security,” as used in finance, refers to equities, debt instruments (such as bonds), and derivatives based on equities and debt. Does the term encompass other ...
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1answer
165 views

Can a non-Chinese private investor bet on Chinese Yuan Renminbi (CNY) going up vs. USD?

Is it possible for a non-Chinese private individual investor to bet on the Chinese Yuan Renminbi (CNY) going up against the U.S. dollar ?
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0answers
58 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
73 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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0answers
28 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 ...
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2answers
85 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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0answers
54 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 ...
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1answer
47 views

How to calculate P&L for a given period of time [closed]

Let's say I have a currency trading app. I start with $100 USD, and after 4 weeks, though trades, I now have $200 USD. My P&L would be 100$ or up $100. So the calc would be: P&L = ...
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1answer
27 views

Does base currency when exchanging render different results?

My apologies for the title being vague due to length constraints. What I'm asking is would the following two scenarios render a different result? a) Having USD as the base currency and dividing the ...
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1answer
92 views

Determining the basis for capital gain [duplicate]

If the value of the US dollar is greater than what I originally exchanged it for, is it considered capital gain? If so, how do I determine the amount I gained? EDIT: For example, I traded $100 USD ...
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1answer
77 views

How does price of spot gold works in relation to foreign exchange?

What I mean by this question is when I buy gold, which currency is the price of the gold based on? So assuming I am from China and I wish to buy gold through goldmoney.com, they allow me to choose ...
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0answers
49 views

Yuan USD Option

Are there any possibilities for a retail investor to buy a USD/Yuan option other than the ones on the CYB ETF and those from Goldman Sachs? The idea is to bet on a lagre depreciation of the Yuan.
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2answers
64 views

How to find EUR/JPY chart for particular date and time [closed]

Is it possible to find exchange rates for particular date and time. For example can I find EUR/JPY chart on 30th Oct 2015 at 20:31?
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0answers
258 views

Hong Kong Dollar Options

I would like to bet on a de-pegging of the Hong Kong Dollar from the USD. Even though the volatility is perfect for an options trade, it seems hard to find any for the retail investor. Is anyone aware ...
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2answers
427 views

How can I speculatively invest $1000 in (micro)bitcoin? [closed]

How can I invest $1000 it micro-bit-coins, or whatever they are called?
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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
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3answers
185 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 $...
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1answer
111 views

why the currency data(such as USD/JPY) is different from different source

I am a new guy to finance. I found that the currency rates for USD/JPY or CNY/JPY have slightly different from different source. For example: USD/JPY 2017/07/10 (1) 114.08: https://www.oanda.com/...
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1answer
142 views

How can a Canadian get exposure to safe haven currencies?

How can a Canadian get exposure to a safe haven currency like CHF and JPY? I don't want a U.S. dollar denominated ETF. I want something in Canadian dollars, to save on conversion fees. Is this ...
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4answers
431 views

How does the value of an asset (valued in two different currencies) change when the exchange rate changes?

Suppose an asset is traded on two different exchanges in different countries having different currencies. In an ideal world without transaction costs, tariffs, taxes or delivery costs etc, the price ...
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1answer
198 views

Virtual currency investment

Let's suppose I have some ammount of money in virtual wallet like Paypal or Bitcoin. Are there ever any systems or institutions which would enable one to invest virtual currency, for example, loan at ...