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.

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2answers
131 views

How to find minor currency price by using 7 major currencies

I have price of all 7 major currencies. EUR/USD, USD/JPY, GBP/USD, USD/CHF, AUD/USD, USD/CAD, NZD/USD Now what is the formula to find other minor currency prices by using major currency prices? . ...
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2answers
147 views

Crypto and forex…here’s the scenario..need to know I can’t gelegally [closed]

Some says to you... ”Ok cool 👍🏽...I’m a Bitcoin Investor lincense by SFOX .. I make my money off crypto investment and ForexTrading.. I Work online in the Social market. all I do is move commission ...
2
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1answer
68 views

What's the cheapest way to get your Hungarian salary into a German EUR account? [closed]

I get one part of my salary in Hungarian Forints and this cannot be changed. I live currently in Germany and I need them in Euros. Currently I have an account by Deutsche Bank, but they use a pretty ...
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1answer
58 views

Does the concept of “Swap Point” exist in Forex trading in the UK?

I've just started learning about forex trading. Forex brokers in Japan offer a system called "Swap Point". In my understanding, this value is determined based on the difference between the interest ...
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1answer
99 views

I borrowed in Ruble and should give back ruble but I use euro, when to change?

I borrowed equivalent of 71,490 Russian Rubles in 1000 euros, 4 months ago. I have to give this money back in 5 months. The exchange rate for Russian Ruble apparently is going down and now is around ...
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1answer
79 views

FX options for retail trader

I would like to trade options on the FX market, say EURUSD and GBPUSD. I have seen that there are options on the CME that have FX futures as underlying and also some options on spot on the ...
2
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1answer
56 views

Receiving payments in foreign currency, who sets exchange rate and fees

How do bank accounts receive payments in a foreign currency? Is the 'fee' charged by the account from which the money is being sent, or at the account where the deposit is being received? Which ...
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1answer
62 views

Using TransferWise to pay for online shops [closed]

I often use paypal to make the payment in online shops sites like ebay or amazon but the fee for currency conversion it makes the buy a little more expensive than i thought it should be. Today i just ...
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1answer
49 views

Why are my MT4 spreads higher?

I use forex.com as my forex broker. Today, the majority of the spreads are less than 3 in the forex.com app. However, the spreads in MT4 using my live forex.com login are a lot higher. Why is this ...
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1answer
131 views

About exchanging foreign currency

I have a friend in London and she has sent me a parcel with 9000 GBP in cash. How can I exchange it for rupees in India?
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1answer
38 views

Currency Conversion calculation

Currently the conversion rate from US to Canada is 1.32 and going from Canada to US is 0.76. If one only knew the currency rate of US to Canada (1.32) is there a way to calculate (Canada to US)0.76 ...
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0answers
12 views

What is this declared volume index feature of MT4?

I have been told that the number 6 shown on top of the picture from an MT4 build 1024 for iPhone signifies a volume index. Is that right, and how may I learn about it?
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1answer
85 views

Real Exchange Rate

So one would normally think that when the US dollar marginally depreciates relative to another currency, say the Ghanaian cedi, that the cedi would appreciate in response. However, look at this Khan ...
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1answer
80 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
63 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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1answer
38 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 ...
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0answers
30 views

When FOREX isn't considered an OTC market

An over-the-counter (OTC) market is a decentralized market in which market participants trade directly between two parties and without a central exchange or broker. Source: Investopedia By this ...
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2answers
112 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 ...
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1answer
78 views

Buying foreign exchange in India without a bill: illegal?

Is it illegal to buy foreign exchange without a bill in India? Also, is it illegal to convert foreign exchange to INR through an unauthorized dealer? If yes, which laws are broken?
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1answer
70 views

What does it mean to short a futures contract?

I am currently studying the convergence of futures price to spot prices. I know that as the delivery month of a futures contract is approached, the futures price converges to the spot price of the ...
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2answers
225 views

How do speculators make profit?

I am having some difficulties understanding the difference between hedging and speculation. HEDGING AND FUTURE CONTRACTS I know that if the investor gains when the price decrease and loses when the ...
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2answers
61 views

Getting a refund with different-currency credit card

If I have a US Credit Card and I make a purchase in Canada, I know I won't get the BEST exchange rate. But if I return whatever I purchase and the store initiates the refund process, will I get a full ...
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0answers
94 views

Meaning of “non-reportable” and “dealer intermediary” in the CFTC COT report

What is intended with "non-reportable" and "dealer intermediary" long/ short positions in the CFTC COT report HERE? My toughts of "dealer intermediary" is that they could be the fx brokers; in other ...
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3answers
195 views

As a trader, why would you trade forex or options/futures instead of stocks?

My apology for the novice question: I've seen a certain number of people trading forex, future or options as their full time career, and my understanding is that they have all been through stock ...
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1answer
98 views

Difference between CFTC COT report and COT legacy?

Does anybody know the difference between the CFTC COT report and the COT legacy report on https://tradingster.com/? Numbers are quite different between these two.
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1answer
58 views

Avoiding currency exchange fees on credit card security deposits

I recently did a warranty exchange with a $25 service fee: I gave $500 deposit on my VISA card. They shipped the replacement. I returned the old item. They refunded $475 to my VISA card. which from ...
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1answer
132 views

Visualize GBP against.. nothing

How can I see GBP, not compared to another currency, but just the standalone trend of GBP over time? I’m interested in the history of the currency related to UK political events (but untainted by the ...
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1answer
93 views

If I am a Canadian Citizen, how can I surpass/mitigate the losses while trading US Stocks due to exchange rate?

So, imagine a situation, I am a Canadian citizen who decided to invest into an American based company, consequently all the activity is taking place at the NASDAQ. At some point in the future I am ...
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0answers
56 views

how can i convert my rupees into dollars? and what about the tax deduction

I have INR (Indian Rupees) in my bank account and I wish to convert INR to USD and Send it to my friend who is in america. he is in need of 1 lakh and 20 thousand 1600 USD.how much tax i have to pay ...
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2answers
65 views

FX volatility at weekends

Forex markets are closed at weekends. So if a major event happens on a Saturday which impacts exchange rates significantly, is there a way to quantify how much before waiting until Monday?
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2answers
71 views

How do I find exchange rates for a day in the past?

For tax purpose I want to calculate exchange rates for a given day in the past. I've done a look and cannot find a calculator that includes dates and is intended as and end consumer rate.
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1answer
54 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'...
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0answers
66 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 ...
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2answers
236 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 ...
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1answer
38 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 ...
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3answers
111 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 ...
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2answers
95 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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1answer
187 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 ...
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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
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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 ...
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2answers
55 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). ...
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1answer
136 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
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1answer
120 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 ...
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1answer
75 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 ...
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2answers
225 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 ...
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2answers
231 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 ...
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2answers
117 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
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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
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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 ...
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4answers
582 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. ...

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