Skip to main content
42 votes
Accepted

What do I need to watch out for when receiving a large sum of money as a gift in Germany?

I am Swiss but I will attempt to answer this as good as possible: 1 Storage You get a bank account. Done. A bank account doesn't get you a lot of interest, but it is a safe way of storing the money ...
Lucas Raphael Pianegonda's user avatar
40 votes
Accepted

What is the data before 1999 for EUR to USD on Google?

The same wiki page says EUR replaced ECU with 1:1 rate. So history before 1999 likely represents ECU/USD rate. However, I'm not sure why is starts in 1982 then, as ECU was introduced in 1979.
rvs's user avatar
  • 446
10 votes
Accepted

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

The drop in the value of the pound because of Brexit happened in June 2016. All price movements since then are against a baseline price that already takes Brexit into account, and largely reflect ...
Mike Scott's user avatar
  • 23.5k
6 votes

GBP savings, what to do with them if leaving the U.K. in about 2 years time?

In general, to someone in a similar circumstance I might suggest that the lowest-risk option is to immediately convert your excess currency into the currency you will be spending. Note that 'risk' ...
Grade 'Eh' Bacon's user avatar
6 votes
Accepted

Is there a currency risk in UCITS ETFs?

If there is a major downturn in EUR, your asset would actually appreciate in EUR even if the index does not move, because US stocks are traded in USD and Unhedged ETF has USD as Base Currency. An ...
base64's user avatar
  • 10.5k
4 votes
Accepted

Google Finance gain value incorrect because of currency fluctuation

You can easily build a Google Sheet spreadsheet to track what you want as Sheet has a 'googlefinance()' function to look-up the same prices and data you can enter and track in a Google Finance ...
davmp's user avatar
  • 2,283
4 votes
Accepted

Difference between Vanguard sp500 UCITS and Vanguard sp500

The main difference is that VOO trades on US stock exchanges while VUSA/VUSD trade on the London Stock Exchange. (VUSA is listed in British pounds while VUSD is listed in US dollars.) They are ...
dg99's user avatar
  • 6,037
4 votes
Accepted

Converting Euro to Rupees in India

You should be able to convert this officially. As per RBI regulation an individual can hold upto USD 2000 eq for an unlimited period of time. See the point 14 on RBI FAQ's for Fx.
Dheer's user avatar
  • 57.1k
4 votes
Accepted

How to offset currency exchange losses?

Your title is: "How to offset currency exchange losses?" However your course of action could alternately make the following a more accurate title: "How to take on additional currency exposure / risk?"...
Grade 'Eh' Bacon's user avatar
4 votes

GBP savings, what to do with them if leaving the U.K. in about 2 years time?

Key point here is to remember that GBP isnt falling a lot, it has fallen a lot already. If you havent liquidated your position in pounds by now at a higher rate I would personally not bother ...
Leon's user avatar
  • 4,107
4 votes

What do I need to watch out for when receiving a large sum of money as a gift in Germany?

I will attempt to answer your questions from a German point of view. Missing out on the best way to store such an amount of money for a long time Your bank account is safe You could "store" an ...
tmh's user avatar
  • 161
4 votes
Accepted

How can one maximize the value of their money when their country is adopting the Euro?

Given the precedent of Greece (where Euro was introduced after the initial rollout): the European Council will determine an exchange rate ahead of time(should be months)1 Banks will accept the ...
Leon's user avatar
  • 4,107
4 votes

What are the options for minors to invest in Europe?

Your question: What are the options for minors to invest in Europe? My assumptions: You know how to invest as an adult. Answer: What I have done with my eldest daughter is to set up a system where I ...
hkBst's user avatar
  • 173
3 votes

What do I need to watch out for when receiving a large sum of money as a gift in Germany?

To extend the (excellent) answer from Lucas. Your girlfriend's mother has no claim on your assets at the moment. Assuming your girlfriend lives longer than her mother, your girlfriend will by ...
Martin Bonner supports Monica's user avatar
3 votes

What do I need to watch out for when receiving a large sum of money as a gift in Germany?

Given the information you have provided, it seems that your biggest problem is storing your money. Taxes shouldn't be a concern for €10,000 as you will most likely be exempt under the laws for ...
user10504's user avatar
3 votes
Accepted

Dealing with savings in British Pounds

One way of looking at this (just expanding on my comment on Dheer's answer): If the funds were in EUR in Germany already and not in the UK, would you be choosing to move them to the UK (or a GBP ...
timday's user avatar
  • 3,992
3 votes

Dealing with savings in British Pounds

I don't intend to live in the UK again If you don't intend to live in the UK again, my advise would be to move this back to Germany in EUR in the near future. Generally taking Fx [Currency] risk is ...
Dheer's user avatar
  • 57.1k
3 votes
Accepted

How can there be a quote for EUR/USD from 1980s?

Presumably those charts substitute the European Currency Unit/USD exchange rates for quotes between ~1979-1999.
NL - Apologize to Monica's user avatar
3 votes

Offsetting currency fluctuations with investments abroad

You can think of the ETFs as a currency of its own. So EUR>ETF then ETF>EUR is the same as EUR>USD>ETF, then ETF>USD>EUR. In both cases, the money only spends the time between t0 and t1 while in this ...
Earth's user avatar
  • 1,379
3 votes

How can one maximize the value of their money when their country is adopting the Euro?

See for example https://en.wikipedia.org/wiki/Deutsche_Mark At the day of currency conversion, they set an irrevocable (fixed) exchange rate between the old currency and the Euro. The old currency ...
Hilmar's user avatar
  • 7,915
3 votes

How to cash a US check in Germany?

I'd go and check the fees of several banks (Preis- und Leistungsverzeichnis) since they vary substantially. I checked a few right now, and there is no indication of any such new regulation. One list ...
cbeleites unhappy with SX's user avatar
2 votes
Accepted

Are Euro coins copyrighted?

Starting from the ECB (European Central Bank) website, I followed a rabbit-warren of links and eventually arrived at what I think is the relevant instrument, a "Communication from the Commission on ...
AakashM's user avatar
  • 3,982
2 votes
Accepted

What is the difference between buying USDEUR compared to selling EURUSD?

The two are not equivalent in terms of net P/L. If you take a bullish view of the dollar against the euro, then there are reasons to buy USDEUR rather than sell EURUSD. For example, suppose you ...
not-nick's user avatar
  • 6,418
2 votes
Accepted

Trading on forex news, Interactive Brokers / IDEALPRO, and slippage

In my experience thanks to algorithmic trading the variation of the spread and the range of trading straight after a major data release will be as random as possible, since we live in an age that if ...
Alan's user avatar
  • 183
2 votes
Accepted

Interest Rate Arbitrage - Pay off loan

If you get your income in the currency you have the new loan in, there is no exchange risk for the future. Assuming that you are able to get and serve that loan, it reduces your cost, so go for it. ...
Aganju's user avatar
  • 37.7k
2 votes

Why are prices in EUR for consumer items often the same number as original USD price, but the GBP price applies the actual exchange rate?

In the EU prices on consumer-focussed sites* are quoted inclusive of VAT. In the USA prices are quoted exclusive of sales tax. Consumer pricing is usually driven at least partly by psychological ...
Peter Green's user avatar
  • 2,944
2 votes

How to sell some euros and buy rubles?

There are two components to this - the currency conversion and the transfer between your two accounts. If you just do the transfer, the banks will do the currency conversion for you, though not ...
Rupert Morrish's user avatar
2 votes

Offsetting currency fluctuations with investments abroad

In both scenarios, the amount of the ETF that you hold at t0 is the same. Once you've bought the ETF, the currency that you bought it in isn't going to change its movement. So in both scenarios, you ...
Acccumulation's user avatar
2 votes

How to deposit cash for almost free to your bank account when there s no branch nearby or when you only have online banking?

I don't exactly know the situation in France, but in Germany, I'd do one of the following things: Open an account with a bank which has a local branch. Directly pay and transfer money at a local bank....
glglgl's user avatar
  • 5,415

Only top scored, non community-wiki answers of a minimum length are eligible