Personal Finance and Money Stack Exchange
Personal Finance and Money Stack Exchange

Questions tagged [currency]

For questions related to currencies or foreign exchange markets. Ideally, this tag should be accompanied by specific currency tags under discussion.

397 questions
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Why are currency forwards needed?

Commonly, a currency forward is said to be useful when one has to make a payment in another currency in a future date, e.g. a European company has to pay 1 million USD exactly one year from now. It is often claimed that the company can protect from…
lopta88
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What is a "fiat" currency? Are there other types of currency?

I've seen the term "fiat currency" in another question. What is a fiat currency? Are there other types of currency?
Alex B
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Are there any countries where citizens are free to use any currency?

It seems like most countries restrict the citizens to the use of the government currency for exchanging goods. I'm not a world traveler so maybe there is a country where this is not the case. Does anyone know of one? Here are some restrictions on…
Muro
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Why do currency rates help or hurt tourists?

Using Britain and the US as examples, I often hear tourists say one of two things: British tourist: Shopping is so cheap in the US, since the pound is ~1.3 against the dollar! American tourist: Shopping is so expensive in Britain, since the dollar…
temporary_user_name
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When going abroad, how do you take your money?

When going abroad, how do you take your money? All hard cash? Some travellers cheques? I guess you could use your normal current bank account, but the UK banks (at least my one did) charges fees all over the place. If you visit a particular country…
James
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6
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Can I buy special drawing rights (XDR)?

A diverse portfolio reduces investment risks. But my savings may still be dominated in a single currency. One portfolio that diversifies currency holdings are special drawing rights: U.S. dollar 41.73%, Euro 30.93%, Renminbi (Chinese yuan) 10.92%,…
gerrit
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How does the price of oil influence the value of currency?

It's been said that currency markets are affected by the price of crude oil. Currencies such as the U.S. Dollar typically react to the rise and fail of the price of this commodity. Why are they linked so closely?
Zephyr
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Why are some countries' currencies "weaker"?

Why for example, is the Japanese Yen trading very weakly (historically)? The exchange rate between the US Dollar and Japanese Yen is 1:79.791125 but the exchange rate between the US Dollar and Thai Baht is 1:30.742387. I know that the Japanese…
Richard80
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Which options do I have to hedge GBP vs EUR in the context of Brexit?

I live in the UK and have a portfolio of shares denominated in GBP (and some in USD). In the next 1-3 years, I may move to Europe, and with Brexit looming, I would like to make sure that my investments, when realised and converted into Euros, keep…
Patrick
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Iraqi Dinars. Bad Investment, or Worst Investment?

Some family members are getting excited about investing in Iraqi Dinars. I'm pretty sure it's not a great idea. What are the best online resources for or against this idea?
Andrew Lewis
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When a currency collapses, who can profit?

When a member state withdraws from a currency (say, the euro), what can be done to profit from this and who is it that would usually profit? Does any profit require foresight of the event, or can it be made during the event or after?
James
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USD to CAD Vs CAD to USD

Why is USD to CAD more than CAD to USD? How does this work? USD/CAD close:1.35206 -->35.2% CAD/USD close:0.73988 -->27.0%
thoughtMaze
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How do I invest in other currencies without leverage?

I am a US citizen interested in holding a small amount in another currency (euro). I would like to minimize any currency conversion fees and get a decent rate when buying the currency. I would also like to avoid having to buy on leverage which many…
RohitJ
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What does it mean when a currency has been depreciating for a long time?

I live in Rwanda, an African country that is constantly being claimed as a "quickly developing country" by multiple sources to the point of even being compared to Singapore. However, the country's currency, the Rwandan franc has been slowly but…
vixalien
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Relation between currency crosses

Suppose we have 3 crosses that are related. USD/EUR, CNY/EUR and CNY/USD. If two develop in some way, over say a month? Must the three develop in a certain one? Say if USD/EUR up and CNY/EUR down by same amount must CNY/USD be flat?
Nora Nora
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