Stack Exchange Network

Stack Exchange network consists of 174 Q&A communities including Stack Overflow, the largest, most trusted online community for developers to learn, share their knowledge, and build their careers.

Visit Stack Exchange

Questions tagged [foreign-exchange]

This tag is to be used for any question related to rates between 2 pairs of currencies. If the question is generic, only this tag is sufficient. If its specific for a pair of currencies, ideally both the currency tags should also be used.

0
votes
2answers
24 views

Currency Future Contract's future fixed price?

Future and options are basically the same with the other using premium and w/o obligation. When trading FX options, you set/buy a strike price. Hence an agreement/was made on a fixed price. In the ...
21
votes
4answers
6k views

High conversion fee for failed bank transfer

I asked my Swedish bank to transfer to my UK bank 50,000 euros through a SEPA payment. Unfortunately, the IBAN and BIC were old and no longer in use and the UK bank returned the money the same day, i....
1
vote
0answers
47 views

Swing Trading Risk Management

I want to start swing trading in Forex. I've been working on a demo account with £10000 and has had some success over the past months. I'm wondering what is the correct lot sizes and deposit amount ...
0
votes
0answers
17 views

Accounting for FX hedge under IFRS / GAAP

How to account for derivative and the underlying asset in FX hedging perspective? I have some investments in foreign currency that at the moment I use 2 month forward contract to hedge againt FX risk ...
0
votes
0answers
16 views

FX cashflow hedging

What is the best strategy to hedge against volatile cash in-flow in foreign currency? I have cash volatile cash-inflow in foreign currency and I want to fully hedge against FX risk. At the moment I ...
30
votes
4answers
6k views

How exactly are exchange rates determined? [closed]

I was reading about how the exchange rates are fixed. I understand that demand and supply decide the exchange rate but how exactly is it done and by whom? For example, consider US and India. (https:/...
1
vote
0answers
28 views

Transferring inheritance in Australian dollars to the US

Should I transfer inheritance in Australian dollars to the US, where I live as tax resident? The exchange rate is currently so low, but is this better to lose money on the exchange rate rather than ...
1
vote
1answer
243 views

Is my Forex broker manipulating my trades?

I am doing Forex trading with MetaTrader4 and I think I saw the price of the trade change during the trade. When I look at the history I see this: The order says: 'buy nas100 for 7280.67 at 2018.11....
2
votes
1answer
100 views

How can I cash in my stock certificate from Cable & Wireless Jamaica?

I have a ordinary stock certificate from Cable & Wireless Jamaica from 1999 that my grandmother left me which says it’s for 6,053 units, units = dollars. I have the certificate receipt from bank ...
1
vote
0answers
28 views

ADR value with US dollar inflation / recession

If one were to hold an ADR (American depositary receipt), and the currency of country of the underlying foreign security increases in value compared to the US dollar, or the US dollar drops in value (...
3
votes
1answer
58 views

How to offset currency exchange losses?

Situation forces me to repatriate foreign revenue valued in Euro to USA, which is not ideal at this moment because the Euro is at a low. To counter this, would it make sense to buy Euro in USA at the ...
1
vote
1answer
29 views

Effect of FED/ECB interest rate on EUR/USD exchange ratio

In 2016, the ECB has lowered interest rate to 0%. Some people assume that within the next few years, the ECB will increase the interest rate. How would that most probably affect the EUR/USD exchange ...
2
votes
2answers
42 views

Forex ask vs bid spread

There's something I don't understand about the bid vs ask price spread on fx markets: For example, assume the lowest ask price is 200, and the highest bid price is 100. So if I want to buy now I need ...
0
votes
3answers
87 views

How many lots of total volume one needs to trade for market to start reacting?

When trading penny stocks one can easily experience this effect, you buy a huge volume and it raises the price and everyone else starts buying then you stop and start selling and price plummets (...
1
vote
1answer
105 views

What happened to ETB on September 14

I'm not an economics perofessional, but I understand currency exchange rates are calculating based on economic stands. On the 14th of September, 2018 the currency exchange rate for Ethiopian Birr (...
1
vote
0answers
82 views

What exactly happens during Forex transaction?

We are talking about Forex market. I want to figure out what exactly happens when I process a transaction on this market. Can you please correct me if I'm wrong: Assume we are working on EURUSD pair ...
14
votes
3answers
5k views

India: is making money by buying and selling foreign currency legal?

Can a person buy a foreign currency using the currency of their own country, and then sell it when their currency's value goes down? Say, I exchanged 44,820 INR for 1,000 USD in 2010, when 44.82 INR =...
0
votes
3answers
627 views

Forex trading with a specific website

I am considering to start trading Forex and registered on a specific website (capitalhall.com) They are promising me huge gains and I would like to identify if they are legitimate. What are the things ...
-3
votes
1answer
81 views

Forex market for personal gain 2 [closed]

What are a few good companyie to start forex trading with? I’m looking to trade with 500 bucks and I am not looking to do any crazy like 1/200 trading since I am new. I understand that membership fees ...
-2
votes
2answers
77 views

Forex market for personal gain

I am very interested in the forex market. I understand that traveling around the world while tracking the market with your phone is not very realistic. However, I dream that one day that I will be ...
1
vote
0answers
69 views

Forex: how much volume to cause 1 pip movement?

How much volume would you say is needed to move EUR/USD 1 pip? Are we talking about a few Lots or is it more into a hundred or thousand of Lots? Assuming: we are in the summer of 2015 the volatility ...
2
votes
0answers
17 views

Tax Basis and Bargain Element for Incentive Stock Option on Foreign Stock Exchange

The US company I work for recently went public, however the powers that be chose to do the IPO on the Australian Stock Exchange (ASX). I am based in the United States. My stock option strike price ...
1
vote
1answer
111 views

Dollar account or Euro?

I live in a country in the Eurozone and have a dollars account with one of the banks here. I'm expecting a payment from a client in the US. I was told that when a bank sends money to a Eurozone ...
0
votes
2answers
87 views

Help me understand TradingView watchlist data

I'm trying to figure out what is the meaning of the percentage value (comparing to 24-hours before?) and the small last digit?
-1
votes
3answers
104 views

Forex Trading Risk [closed]

Why do people say the forex market is risky when it only fluctuates by fractions of a percent every day? How do traders make a profit with these small price moves?
2
votes
3answers
4k views

Why don’t forex traders deal in both currencies at once?

I’m looking into the forex (not looking to invest, just researching.) Suppose I am trading in hypothetical scenario where USD/JPY is trading at 10. Let’s say I perform the following actions: I ...
0
votes
2answers
165 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
0answers
44 views

Japanese yen carry trade

In the yen carry trade, why didnt the yen appreciate if everybody was looking to borrow in yen? Some people would borrow in yen and invest in dollar bonds, some in Brazilian real, some in Icelandic ...
-1
votes
3answers
135 views

How do I use moving average to create a forex trading strategy?

How do I use the moving average to create a forex trading strategy? Recently I was reading about day trading on a blog and found out that A forex trading strategy can be created using moving averages. ...
0
votes
0answers
35 views

List of long-Term Support & Resistance in forex or stocks

I'm looking for a study of historic long-Term Support & Resistance in forex or stocks. If possible with their level of strength (strong, medium...). Example EURUSD Long-Term Support & ...
1
vote
1answer
186 views

FOREX position in Interactive Brokers

I've deposited money in EUR and my base currency is SEK. I exchanged all of those Euros into SEK and since then I have a position of EUR.SEK that is that deposited amount negative. As the exchange ...
0
votes
0answers
34 views

FX hedging with rolling FX forwards

I am considering investing in an overseas hedge fund which claims that the cost of hedging the FX risk is just the FX points of the quarterly fx forwards. The question is: when rolling the contracts ...
0
votes
2answers
75 views

How does cash move between exchanges?

I know that money exchanges work on the principle of selling foreign currency for more money than they are buying it. In an ideal market, there would be an equilibrium in the money being imported and ...
4
votes
2answers
182 views

Foreign priced expenses - actual card charge amount is OK?

For the IRS in the US ... Say you are overseas in Japan and you have a legitimate business cost of 11,123 Yen. You correctly keep the receipt, Yen11123. How to convert to USD when making it a ...
0
votes
1answer
32 views

Futures and forward contracts are very different from each other

** Assume two traders enter into a one-year (March 2019) Euro futures contract at a futures price of 1.1220 physically delivered. Regardless of the spot price on the settlement date, if the spot ...
0
votes
2answers
81 views

Hedging against currency risk

Is there a hedging method against currency risk without lowering returns ? Classic hedging methods like forwards, futures options, all have a cost and don’t remove risk “for free”.
-1
votes
1answer
74 views

Forex instead of futures as a hedge

Why don’t companies use forex trading as a hedge for their foreign exchange risk instead of futures ? Forex is much more liquid than futures, easier to have access to all your positions anytime, ...
1
vote
2answers
65 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
vote
0answers
155 views

How does the USA IRS determine the yearly average exchange rate?

The USA IRS publishes a list of yearly exchange rates titled Yearly Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars. As of this writing, the published average value for ...
-1
votes
1answer
77 views

Stock / forex trading 100s of transactions per day - how is the margin calculated?

Let's say I have 10k USD in my margin account. I place 100 round trip orders in a single day, each worth 2000 USD (999 USD buy order and 1001 USD sell order). How much margin did I use at the end of ...
0
votes
2answers
46 views

GBP salary figure quoted but paid at open market rate in local Rs in Pakistan bank account

GBP salary figure quoted but paid at open market rate in local Rs in Pakistan bank account. Do I lose out when considering my salary initial figure quoed in GBP but then received in Rs local currency ...
52
votes
8answers
24k views

Is this broker a scam?

I was contacted by a 'broker' in January, they said they're based in Switzerland (I'm based in the UK), and they asked to invest some money (as minimum as $1000). They told me that my platform would ...
2
votes
3answers
189 views

How to get the “pure value” of a currency?

I would like to do some data analysis and find out how news and tweets influence markets. I would like to begin by investigating how USD does change according to news and various events. But is there ...
3
votes
2answers
1k views

How can I send dollars to a person in Venezuela?

Is there any way to send US dollars to a person in Venezuela? As I understand it, there is crazy inflation in Venezuela right now and the "official" rate for dollar to Bolivar exchange is wildly ...
0
votes
0answers
28 views

Smart stops on CFD trades

I've just started trading currency with a CFD broker. Luckily on a demo account for the time being, but at some point I want to move to real money. Right now I'm trading mini contracts. A contract is ...
1
vote
1answer
113 views

Converting British Pounds to USD or AUD [closed]

Given the current state of the economy and the future out look, what would be the best option for someone who has to move pounds to either AUD or USD? What would be the advantages or disadvantages of ...
2
votes
1answer
135 views

Can I use a third party to exchange USD before it goes into my UK account?

I live in the UK and have a UK individual (not business) bank account only. I have done some remote work for a client in the USA and I have already agreed to their terms before work started which ...
0
votes
0answers
30 views

What's pip spread?

I'm reading up on trading Forex. And I came across the statement that it is 5 pip spread in 1.2345 / 1.3456. How is that? A pip as I know is difference of least significant decimal, 5 and 6 in this ...
-1
votes
2answers
124 views

Understanding cryptocurrency buying and selling calculations

I need to understand how buying / selling works in crypto markets. I see an ask of amount: 44608.01, rate: 0.98 in the XRP/USD market in Kraken. Will the rate 0.98 be in USD or XRP? I'm assuming USD ...
0
votes
1answer
67 views

What to change into GBP? [closed]

I'll be in Scotland for one day and I will need to buy ticket for the bus. I have American Visa travel credit card, american debit card, euro, and dollars. Which one is better to use to change ...