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.

Filter by
Sorted by
Tagged with
0
votes
1answer
50 views

Tax return: foreign savings account in foreign currency that depreciated?

I want to clarify what is the correct way to handle taxes in my situation. I'm working with CPA, but we have different views on this topic. I'm hoping to get the proper way to handle it. Google doesn'...
0
votes
0answers
53 views

As a Indian Citizen how can I transfer my savings to Singapore

Indian economy is very volatile right now. Central bank is taking the heat and its showing in the notifications it's putting up. One of these mind wrecking notification came up for PMC bank where a ...
0
votes
2answers
192 views

Could one convert US Dollars to Argentinian Pesos, move to Argentina, and live a life of luxury?

The Argentine Peso to US Dollar exchange rate has decreased from .12 in Oct 2014 to .017 today. That means a dollar can now buy 7 times as much in Argentina compared to the past. Could one now ...
0
votes
1answer
34 views

Where is the USD/CNY exchange rate quoted from?

What I am NOT asking about is how one currency appreciates/depreciates against another. I'm struggling to understand how the "official" rate of exchange of two currencies, say the US Dollar and ...
4
votes
3answers
104 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 ...
0
votes
2answers
83 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 ...
0
votes
1answer
177 views

What possible reasons are behind the GBP -> EUR rate being the same for a few days?

The GBP -> EUR exchange rate has been stuck at a value of 1.11 since Saturday 7 of September, up from 1.10 since the day before. This seems to me highly irregular, as if all trading activity has ...
12
votes
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 ...
29
votes
8answers
14k views

What stops you from using fixed income in developing countries? [duplicate]

I was recently visiting a developing country and noticed that their interest rates are very high — ~15% with government bonds promising ~13% annually. I was just thinking, if the bid ask spread for ...
0
votes
1answer
39 views

Small Business foreign exchange

I run a small Australian business that has the requirement to pay a relatively small but not insignificant (say USD10k-20k equivalent annually) amount of invoices in foreign currencies (EUR and USD). ...
0
votes
1answer
117 views

beginner questions about forex trading

I'm trying to learn forex trade. Though I have done a lot of research and read many guides, I'm still quite confused. In particular I need help on the following questions. First let's say my ...
2
votes
1answer
105 views

Tax implications of selling UK property as US residents, while keeping cash proceeds in the UK?

We are currently selling our UK property and complete in a couple of weeks. The original plan was to transfer the money to our US account and pay off our US mortgage, but the exchange rate is ...
0
votes
1answer
73 views

Is there a way to extract the strategy of someone shared his mt4 statement?

I recently found out that Tickmill (a forex broker) hosted competitions on their website. What is great about that is that successful traders shared their account statements and how/when they placed ...
0
votes
2answers
84 views

Best/Least expensive way to cash a Canadian check in the US?

I live in the US, and I recently took a vacation in Canada. My flight home was oversold, and I was stuck at the airport for several hours. The airline is required to send me a check for 2400 Canadian ...
0
votes
2answers
224 views

Why Do People Continue Using Expensive Payment Services Like Paypal And Western Union [closed]

Paypal - the 'industry standard' for online payments makes this opportunity inaccessible to Africans in most cases. Most, who qualify to be a part of the workforce for some internet companies are not ...
1
vote
2answers
110 views

A way to keep earned currency from working overseas (Europe)?

I'm a Brazilian citizen and have been working in Europe (Austria) for a few months. My contract is wrapping up, and I'm returning back home soon. I've been getting paid in EUR all this time and it is ...
0
votes
0answers
42 views

What impact does currency exchange mark-up have on broker fees?

Let's say I held £100,000 in Interactive Investor and wish to add £20,000 to my investment each year in monthly instalments. They charge £10/month for a standard account[1] that offers one free trade ...
46
votes
11answers
12k views

Is purchasing foreign currency before going abroad a losing proposition?

A recent question illustrated one of the potential pitfalls of pre-purchasing foreign currency. In short, the poster was unable to pick up currency they had ordered, and a currency purchase is not a ...
1
vote
4answers
477 views

Is there such a thing as a credit card with no (currency exchange) fees?

There's no such thing as a free lunch. Is there such a thing as a free credit card with free currency exchange? Every debit or credit card I have seen charges for foreign currency transactions. ...
20
votes
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 ...
1
vote
5answers
1k views

Who buys a weak currency?

Suppose I want to convert Zimbabwean dollars into US dollars. Who will buy the Zimbabwean dollars from me? That is, why would they ever agree to change their valuable US dollars into the less valuable ...
0
votes
0answers
109 views

Nadex binary option - trading at excessive prices?

I recently came across Nadex and in particular their binary option markets. Such an option pays off $100 or $0 depending on whether a specific exchange rate exceeds a strike price at a specific date. ...
0
votes
0answers
25 views

Contracting via an umbrella company for a client that is based abroad?

So it seems like it's quite common for IT contractors to take work via an umbrella company if they don't want to start a limited company themselves. My question is. If the client is based abroad, ...
11
votes
2answers
5k views

Can dual citizens open crypto exchange accounts where U.S. citizens are prohibited?

I am specifically asking about the many crypto-currency exchanges which prohibit U.S. traders and would prefer if someone with first hand experience answered. Every exchange which offers derivatives ...
1
vote
0answers
70 views

How to finish the FBS “Trade 100 Bonus”

I started the process of learning how to trade on Forex, and came across FBS' "Trade 100 Bonus". I created an account, and then saw that they require that, in 50 days, you opened or closed orders in ...
-1
votes
1answer
81 views

Is KYC information placed in a global database like bank accounts?

When I open a bank account or credit card, it is instantly accessible nationwide just like a credit report. What about opening an exchange account and filling out KYC information in the U.S. or ...
2
votes
2answers
51 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 ...
51
votes
5answers
10k views

Why do money exchangers give different rates to different bills?

I was traveling to India recently and was buying a few hundred US dollars on my way as the money exchanges didn't have any Indian rupees with them. At the exchange counter, they didn't have 100 dollar ...
0
votes
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 ...
1
vote
2answers
193 views

Why is British Pound months before Brexit is going up against both U.S Dollar and the Euro?

The way I understand economics is that price of the currency represents the strength of one economy against the other, especially in the long term. Concensus being that Brexit is not going to help ...
1
vote
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 ...
0
votes
1answer
48 views

Is there reporting for commodities and forex trades?

I was wondering why stock trades are required to be reported to the exchange or trade reporting facility, but why other asset types like commodities, forex etc. don't have to be reported? I couldn't ...
0
votes
1answer
96 views

Money exchange for my friend in delhi. She is waiting for exchange her pounds [closed]

One of my friends comes from Romania. She will exchange some pounds to Indian rupees. What she will do?
0
votes
2answers
121 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 ...
2
votes
1answer
87 views

Are fluctuations in the exchange rate of a foreign currency taxable for US expats converting such currency to another currency?

I understand that when I make a profit on foreign currency exchanges in excess of $200, I need to pay capital gains to the IRS. However, it isn't entirely clear to me when I am considered to have ...
1
vote
0answers
68 views

Optimisation of a Trading Strategy (Walk Forward Analysis)

To the pro traders: What do you do when the past two years of a WFA (10-15 year period) had an increasing loss (2017 = -4%, 2018 = -8%) while the other years were profitable? Do you modify the ...
3
votes
1answer
128 views

Buying foreign currency as a long term investment [closed]

I live in a country with an uncertain, collapsing economy. The exchange rate compared to USD and EUR@ is sky rocketing that effectively wiped off 20% of people's savings in just 8 months! See USD-LKR. ...
0
votes
2answers
95 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 ...
4
votes
1answer
132 views

Why does my bank not charge a fee for small amounts?

I work abroad in a SEPA country and send money to my non-SEPA home country regularly. In the foreign country I have a euro bank account and in the home country - a non-euro bank account. My foreign ...
0
votes
1answer
40 views

Calculating the loss on exchange rate

TL;DR: What is the proper way of calculating the exact loss (due to the exchange rate(*)) on a currency exchange transaction? (*) I'm not interested in other costs, like commission fee. Longer ...
0
votes
1answer
113 views

Which is the easiest International currency to exchange?

What is the best currency to exchange when travelling? Is it the US Dollar, the Euro or the British Pound? One that gets accepted everywhere and which is unlikely to get rejected because it's too old, ...
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 ...
5
votes
1answer
140 views

Who Is responsible when a currency transaction is mistakenly converted by an intermediary bank?

My client transferred USD from the US to my USD currency account in Ireland. Their intermediary bank converted the funds to Euros so it hit my USD account in Euro, was converted back to USD by my bank ...
3
votes
1answer
1k views

How are the CapitalOne credit card exchange rates calculated?

I have a CapitalOne Quicksilver (Visa) credit card (US-based, in US$) which is advertised as 0% foreign transaction fees. However, I am not sure how the exchange rates are calculated. According to ...
0
votes
1answer
31 views

RSI counted by my self is different than on JForex [closed]

have you experienced difference in JForex RSI indicators vs counting by yourself ? JForex shows me 49.375, 53.324 It is EUR/USD 1 Hour, 3-Dec-2018 15.00 and 16.00 I did the counting by using: ...
0
votes
2answers
42 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 ...
22
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
62 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 ...
30
votes
4answers
7k 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:/...
2
votes
0answers
45 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 ...