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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1answer
84 views

How can I make a deposit to my broker if I am in Nigeria, and don't want to use the payment processors, just via bank? [closed]

I am currently in Nigeria, and I would like to trade. My question is how can I make a deposit to my broker who is outside of Nigeria?
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54 views

Difference in de facto currency exposure

Suppose my main currency is SEK and that I want exposure to EM MSCI. Then I could A) buy a Swedish passive fund in SEK that is exposed to EM MSCI or B) Exchange my SEK for EUR or Dollars and then buy ...
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21 views

how yahoo finance calculates the close/open currency exchange price?

What is the reference of open/close price mean in Yahoo finance? Does it come from a 24/7 price or does it come from a regular market such as Nasdaq? For example, the Yuan-USD exchange rate in yahoo ...
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39 views

Who would trade a commission-based over commission-free for the same currency pair?

(I'm a beginner) In forex, I see that some pairs are both commission and commission-free, what is the difference?
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29 views

Why enabling do not reduce DNR order prevent me from trading futures and forex?

When I asked my broker to enable DNR -do not reduce- order, he inform me that to enable that I will not be able to trade futures or forex anymore? What is the relation between them?
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73 views

How to invest in El Salvador bonds via fidelity

El Salvador bonds have gone down lately and I would like to invest in them. I use Fidelity to manage my 401k investment fund, but I can't find any symbol to invest in related to El Salvador bonds. Is ...
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31 views

How trading fee is calculated in exchanger?

I don't know whether it is the perfect place to ask questions or not, But my question is in DEX or CEX, from where the trading fee is deducted ? from the base or the quote currency ? if trading fee is ...
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1answer
137 views

Why do the traders prefer 1% rule instead of kelly criterion?

Kelly criterion determines the optimal theoretical size for a trade based on historical data of trader. However, I know many traders strongly recommend to not risk more than %1 of their balance and ...
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1answer
124 views

Do ETF/ETNs invest directly in futures or forex, or do they just invest in stocks and bonds?

Do ETF/ETNs invest directly in futures or forex? Or do they just invest in stocks and bonds?
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42 views

How to calculate lot size

I am using MT4. I would like to calculate lot size into my base currency depending on the asset. System sometimes gives me warning 'not enough money' when I want to place order. How is this calculated?...
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3answers
114 views

Why do I need Stop-Loss order in Forex?

I am just a beginner in Forex and I just learned that the "Stop Loss" orders are placed by traders. However, I guess without a Stop-Loss we can make benefit in almost any trade. Because, ...
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1answer
124 views

Paycheck in a foreign currency: protecting from exchange rates

I receive a recurrent paycheck in a foreign currency, which in my case is USD. Right now, I immediately convert it to EUR, which is the currency I live with. Say I receive recurrent payments of 5000 ...
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41 views

How do I hedge currencies when buying foreign bonds?

The majority of my income and savings are in Singapore dollars (SGD). For practical purposes, this is my "base currency". When buying foreign bonds and bond funds denominated in foreign ...
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39 views

Is any international (ie. non-U.S.A.) foreign financial securities market tax free or significantly less taxed than USA markets?

Hypothetically, is it possible to buy and sell some kind of financial security (ie. stocks, currency, even crypto) in some foreign market and keep the money there and pay no taxes as high as short-...
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62 views

Restarting positions- How to find the best strategy

So, I have a question. The broker where I trade, has this special offer. Namely, for every three trades that I have lost, they return me the smallest loss.. For example, last week I lost 10USD, 11usd ...
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7answers
11k views

Can someone make money by cycling through currencies and exchanges?

I am not a finance expert at all, but I recently got this idea from a conversation with a friend on whether it is possible to make money by starting with a fixed amount of dollars and then try and ...
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1answer
293 views

Why didn't a margin call prevent me from losing more than my initial investment when buying on margin?

I entered a trade with 10 USD and a leverage of 1:100. There was a margin call, and the position was automatically closed. I would like to know how I lost 30 USD when I entered a trade with only 10 ...
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51 views

When I trade forex, am I borrowing money from the broker?

When I trade forex, I'm using margin account, so, am I borrowing money from the broker -like when using margin in stocks-? or it is like futures ? thus, do I have to pay a monthly margin interest ...
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2answers
137 views

If my employer pays me in a currency different from the one I use, is it worth while to buy financial instruments to offset changes forex rates?

Say I live in country A yet my employer pays me in the currency of country B, is it worth while to buy puts on currency B to offset my exposure to that currency? In particular, I live in Canada and I ...
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2answers
81 views

How are borrowings in local currency used to hedge foreign exchange exposure on investments?

The following appears in Jardine Matheson's 2020 annual report's Financial Review section: Treasury Policy The Group manages its exposure to financial risk using a variety of techniques and ...
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0answers
96 views

How do you overcome the boredom (and loneliness) of Forex day trading? [closed]

I have two trading plans which I use to day trade in the Forex market for 2 hours a day (8-10 am UK time). Usually I will have between 2-4 valid trading signals each day. I have made more than 80 ...
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1answer
122 views

When converting CAD to USD on Interactive Brokers Trader Workstation, should the price of USD.CAD be as high or as low as possible?

Please see the orange box in the screen shot from my Interactive Brokers Trader Workstation software. Do I want that price to be as high or low as possible? I'm guessing low, correct? Because USD = ...
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2answers
94 views

Can I lose money on a Forex cross currency trade even if the currency pair goes up in value?

My question applies only to cross currency pairs. As an example, imagine my home currency (the currency I am buying with) is USD, and I intend to buy 5 units of the EUR/GBP currency pair. To keep the ...
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0answers
72 views

Why do stock (and forex) prices change over weekend, when the market is supposed to be closed?

I am checking out Apple's stock on TradingView on a Sunday night and it shows its price fluctuating? How is that possible? Isn't the stock market supposed to be closed on weekends? Same with forex. If ...
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2answers
42 views

Can base currency influence absolute value for quoted currency

I am approaching this question from a Computer Science perspective (Developer, Programming etc.), so apologies if the question is trivial. I have been searching the web for a while, but I am afraid I ...
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2answers
746 views

Why are pair-wise exchange rates not the inverse of each other?

I just went to morningstar.de and had a look at the current exchange rates: I was expecting that (EUR->USD) * (USD->EUR) ≈ 1 Only approximately, because we only have 5 decimals here. But for ...
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5answers
1k views

What are the bounds of the enforced value of "legal tender"? [closed]

Suppose Bob and Alice are both U.S. citizens and Bob lends Alice 100 euros with 105 euros required to be paid back to Bob in exactly one month. A month later, Alice comes back with X amount of ...
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0answers
43 views

Are Money Transfer services better than Bank transfers?

I was planning on moving a chunk of cash from a foreign currency account I have with my bank to a domestic currency account. Same bank, same business, etc - just different currencies. My bank (ANZ NZ ...
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1answer
63 views

What is the relation between inflation on a country and the exchange rate of its currency?

In the interval between 2010 and 2011, American inflation was 3.2% and Chinese inflation was 5.55%. During this year, the pair CNY/USD went from 6.2524 to 6.5758. If an investor would have invested 1,...
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0answers
129 views

EURO equivalent of DXY?

The U.S. Dollar Index, sometimes informally referred to as the "Dixie" (https://en.wikipedia.org/wiki/U.S._Dollar_Index) is a nice index value to see the strength of the dollar. I was ...
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1answer
45 views

Difference on long/short on forex currency pair trading and its inverse

Assume there is following information on the pricing of the currency pair Based on the image above, the spread for AUDUSD is lower than USDAUD (0.9 vs 1.6). Assuming I wanted to buy USDAUD, does it ...
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1answer
60 views

Mechanism of sudden bid-ask spread changes

Bid and ask chart are sometimes very different in its shape, like this bid chart and ask chart (USD/JPY, @OANDA platform). At around 7:00AM on its ask chart, ask price ranges between 103.580 to 103....
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1answer
70 views

Full investment in Forex with no leverage vs partial investment with high leverage

Assume two investors with $100,000 each, willing to invest them in Forex as scalp. Investor (a) Funds a brokerage account with the full $100,000 each trade is executed with the full $100,000. trades ...
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3answers
167 views

How can I avoid the inter-bank exchange rate when transferring a large sum from Chile (CLP) to Canada (CAD)?

I need to transfer a large sum from Chile to Canada and convert currency to Canadian. I specify the countries because fewer businesses seem to operate in Chile. I absolutely want to avoid the inter-...
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0answers
45 views

Forcasting gains or losses on Forex

I am using FXCM brokers to invest in Forex. I would like to know if there is a way to forecast our equity when we have open trades if the rates go up or down to a certain level. I am using FXCM ...
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1answer
165 views

Is this "forex protection" strategy sane?

Background: I started playing with the stock market in April-May, drawn by the huge rebound. Since then, I have made what I think is a decent return, except... I live in the EU, and most of the ...
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2answers
171 views

Is it logical to invest in American stocks while earning in Euros?

So let's say I want to invest in S&P 500 for five years from now. Will it be a logical investment if I am earning in Euros? Her's why I am in a dilemma. If I invest into S&P today, then I am ...
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1answer
178 views

Why do some dates not have any data on the Federal Reserve historical currency data?

Example: https://www.federalreserve.gov/releases/h10/hist/dat00_al.htm Some of the days, such as 12-Nov-01, say ND instead of a price. I assume that this means "No Data", but it's not ...
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5answers
234 views

Does knowing how much 1 USD was worth in two currencies for a given date mean I can know how much they were worth in relation to each other?

If I know this: On "3-Jan-00", 1 USD was worth 7.9640 NOK. On "3-Jan-00", 1 USD was worth 9.4015 MXN. Does that mean that I can calculate how much 1 NOK was worth in MXN on that ...
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1answer
80 views

How does interest rate influence the strength of the currency?

Here's a statement that spawned the question: "A rising interest rate means higher returns for investors, increasing the demand for that cutrency and therefore its value". Here's a ...
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0answers
101 views

How to convert foreign financial statements to USD?

I have a company I am researching and want to do DCF analysis on, however this is a Canadian company and the financial statements are in CAD. I tried looking all over the internet for those financial ...
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0answers
36 views

Is the Exchange Traded Fund XQQ (iShares NASDAQ 100) only traded in Canadian dollars?

I am looking to invest in Canadian dollars via my Canadian bank, and I found the ETF XQQ. If it says 91.87 CAD, does that mean it is traded in Canadian dollars at $91.87 CAD per share? I'm curious ...
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1answer
4k views

What is the difference between TT and OD currency exchange rates?

I was looking at Singapore dollar exchange rates provided by a bank: Source: Foreign Currencies - Foreign Exchange | POSB What is the difference between TT and OD?The webpage itself says: ...
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1answer
157 views

Tour operator asks for undue money

Some time ago I purchased a trip from a leading tour operator in Germany (I’m resident of a close-by country). They asked me to provide them with a credit/debit card details so they can collect €1000 ...
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5answers
305 views

How are retail forex brokers different from betting shops?

I'm struggling to find differences between bookmakers and retail forex brokers (e.g. OANDA). The former deals with horse racing, greyhound racing and sports, while the latter deals with currency ...
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2answers
125 views

T, T+1, T+2 trading modes

Why are there different settlements modes T, T+1, T+2? why can't everything be settlement "today" T0? I understand what the difference is, but I don't understand why people did this and in ...
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1answer
60 views

Given knowing exchange rates of one currency against all foreign currencies, can it be used to calculate the exchange rate of two foreign currencies?

I have a small task to make a currency converter (not for practical use, just as an up-to-standards technical exercise). The only source of data available (specific project requirements) is the ...
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1answer
64 views

How to know if an international bond fund is currency hedged

I want to invest in only international bond funds that are currency hedged. How can I find out if a fund is currency hedged?
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54 views

Portfolio diversification into different currencies

Does it make sense to diversify the portfolio into different currencies if they are in any case correlated with each other or is it not so?
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50 views

Are there safeguards to protect retail forex traders against forex dealers' conflicts of interest?

I have noticed that firms catering to retail forex trading are essentially dealers with a captive audience: their clients. These forex dealers get to set any price they want because they are the only ...

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