Looking for recommendations for currency transfer services that are reputable, reliable and won't tack on as many fees as an international bank wire. This is for sending from a personal bank account in the US (from USD) and transferring to a personal bank account in South Korea (to KRW). In case it makes a difference, I'm interested in both of these scenarios: [more inside]
I'd like to find out what some of the most worthless currency is in the world and then get my hands on a lot of it. Not counterfeits. The real stuff. Like where 100 dollars US is literally tens of thousands of a dollars worth of Brupals from Unobtainiastan in whatever form is most conducive to getting a briefcase's worth of seemingly high denomination bills. So A) what currency should I be trying to get? and B) Where would I get them?
In the United States, it is illegal for me to throw my pennies into public trash cans?
My wife and I are planning a trip to Europe in the next two years. Right now the Euro seems to be crashing. Would it be a good idea to buy about $3,000 of Euros as a hedge against it rising in the future, or am I an idiot for even considering this? Note: I will be flying from the U.S. [more inside]
There are lots of interesting SF&F economic systems that are without money -- post-scarcity AI-nano cornucopias, magic subsistence economies, etc. For those who imagine worlds that still have money, though, what are the most interesting speculative monetary/currency/financial systems? (Please feel free to mention the obvious-to-you, as I've got big gaps in my SF&F reading and watching.) Thanks! [more inside]
GetRichQuickFilter: Where can I make my own paper money? [more inside]
With little experience in bitcoins, I'm strongly convinced that any single person doing business with you can (with some work) figure out your potential wealth in bitcoin currency. Is this really the case? [more inside]
I'm a Canadian freelancer located in the GTA area, and I've signed on for a long-term contract with a US client. I'll be getting paid in USD checks fairly regularly. How can I deposit this money in my Canadian bank account and use it in Canada without getting screwed over on currency exchange fees with the big 5 banks? [more inside]
Of all coined currencies in histories, which in their day, or today (kinda two part question) were the most plentiful? Not used in transactions but just physically existed, minted minus lost.
A reading group I'm in is interested in learning about alternative currencies. For example, a good overview of something like Bitcoin. Bonus points if it's coming from a Marxist or left political position.
Someone is going to be sending me money - they live in Japan. What is the cheapest way to send the money? The amount is going to be somewhere between $1500-6000, probably closer to the 1500. I have an account with xetrade and they have worked well in the past for UK/US money transfers but I notice that Japanese residents cannot sign up on that site. Where can I get the best rate possible? I also have a forex account with my broker but 'hedging' is probably too complicated for this transfer unless someone here thinks differently. I will also be visiting this person in December so there is the possibility they could give me some cash and I could convert once I reach the US again, although I'm sure there are limits on the amounts of money I can take overseas.
I saw a post on tumblr, about why some larger bills have little stamps on them. The reason they gave is that drug dealers will stamp the bills to keep track of them. This makes absolutely no sense to me. So question one is, does this sound accurate? Does anyone have any way of saying if this is or isn't true? Question two, why the heck are these stamps on bills? Here's a picture of a purported drug dealer stamped bill.
Asking on behalf of two friends in China: one (not a Chinese national) wants to loan a large amount of money to the other (who is Chinese). The problem is the foreigner's account (even though it's a Chinese bank account) is in Euros. They tried to go to the local (Chinese) bank and do a transfer, but were told that it was illegal to transfer a foreign currency to a Chinese person like that, and that they would have to first convert all the money to RMB and then could give it to him, but that gets pretty expensive with exchange rates and fees, since this is apparently a pretty large sum. So the question is: What's the best way for a foreigner to transfer his money, in euros, at his Chinese bank account to the Chinese bank account of a Chinese national? Is there any bank card or service which the Chinese national can apply for to make it easier?
Money: who are the current deep thinkers about money, monetary systems, currency, global flow of cash... and alternative systems and options. [more inside]
Can someone identify this paper currency? [more inside]
Is there a way for me to estimate the total value of a certain weight of random mixed us coins? [more inside]
Is my $100 bill real or counterfeit? [more inside]
My mom recently returned from the Ivory Coast with about 50,000 XOF (=~$100). However, she hasn't found anywhere that will accept the XOF and pay her USD. She has tried Wells Fargo, American Express travel exchange, and Travelex, with no success anywhere. Does anyone know who will accept XOF for exchange?
International banking filter: I'm moving to Stockholm from Seattle in about a month. What's the best way to set up an account in Swedish krona when the person supporting me will be giving me money in US dollars? Also, what is the cheapest and fastest way to transfer money from US accounts in USD to the Swedish (or international?) SEK account? [more inside]
A friend, who's as bad at numbers as I am, has money in an American bank account. He needs to pay for something in Switzerland. Is there any advantage to changing the dollars to euros and then to Swiss francs, or is a direct dollar-franc transfer the best way to go? [more inside]
Portland Filter: I've been reading a lot of Douglas Rushkoff and I'm really into the idea of alternative local currencies (something like Ithaca Hours). Is anyone in Portland, OR working on establishing something here?
How to get the best conversion rate (GB Pound to US Dollar)? I've been working in London for the past year, trying to save up money for grad school when I return to the states. I was told that December was the best month of the year to do a GBP to USD conversion (not too sure how accurate that is). I bank with Barclays (England) and Chase (US) and am in the states at the moment. I've brought the money (in GBP) over because I thought it would give me more conversion options. I know that it can get complicated with conversion rates changing, various banks with their own exchange rates, etc. I'm willing to open an online bank account if that's the best option to transfer pounds to dollars. Are there any conversion geniuses out there who can help give me any tips? Many thanks! D
Help us organise our money for a trip to Borneo. [more inside]
I've read a few articles that mention the collapse of the Euro. Any idea what that would look like? Could a country like France or Germany simply walk away? Could the currency survive that? What would they do until they had fresh DM or francs or whatever?
What's the best way to get my hands on foreign currency from the around the world and especially from pre-Euro times/countries. [more inside]
The Canadian dollar is at par with the US dollar. As a Canadian who will not be traveling to the US or elsewhere in the near future, how else can I benefit from the high dollar?
I'm an American who's just bought a lovely home in the EU. Yay! Now I have to make regular mortgage payments while still living and working in the US. How do I transfer money over to our EU bank account on a regular basis as cheaply as possible?... [more inside]
Need to transfer modest amounts of money from UK to a US bank account every 2-3 months. What would be the most cost-effective way to do so? [more inside]
Our deficit and our debt are at record levels, even compared to WWII. Then, the debt was financed internally, not by other countries, so the interest we could pay was lower and the money was recycled in the U.S. Now, the debt and deficit are mostly financed by other countries through bond offerings and the like. And as they grow, those debtor countries will want higher interest rates on repayments, which drains money out of the U.S. [more inside]
What could one piece of eight have purchased in Boston in 1777?
Anyone here have experience ordering foreign currency online? I know I'm over-preparing for my four day trip to Montreal, but I'd really like to have some CAD in hand when I get there. I'm sorta too lazy to find a bank around here that will do it for me...
Is most money just numbers on a computer screen? Or do banks actually have cash in their vaults to back up the "digital" money. [more inside]
I'm moving overseas from the US in less than a year, and my stellar powers of observation tell me that there's a good chance the dollar is going to eat shit before then. My savings are <$10,000, what can I do with them to ensure that I'm not cursing the economy when I leave? Is putting it in foreign currency enough, or is there a better option? How do I do that? [more inside]
Where should I keep my money (to protect it from the US economy)? I'm American and it's in US$, but I don't live there and don't have any good reason to keep it there. [more inside]
I keep seeing store clerks drawing marks on $20 and $50 bills before closing the cash register. Why are they doing it?
Need to transfer a large amount of money from US to UK and have a few questions about currency brokers and taxes. [more inside]
How can I protect myself against the falling US dollar when sending work overseas? [more inside]
I keep all my savings in a Citibank e-savings account, which is like a regular savings account, only with a higher interest rate. Recently, the dollar has totally been tanking, and this trend doesn't show any signs of reversing. What's the easiest, safest, most profitable way for me to save my money in euros instead of dollars? [more inside]
Can your average person who spends their entire workday in front of a computer short the dollar online, through some sort of investing site? I'm macroeconomically literate, but know next to nothing about what sort of options are available for playing with my money. I read about day-trading Japanese moms making money on the currency trade, and I'd like to keep my relatively meager savings from vanishing into some Weimarish wheelbarrow-of-bills traffic jam, so...do I need to learn Japanese to do it?
How do I find out the value of a dollar in a given year? [more inside]
What's the best way to exchange Japanese Yen (in cash form) to USD? [more inside]
I am leaving for Japan in two days: should I change money before or after I get there? Does it matter? How do I do it?
Currency Exchange: I have a handful of Japanese Yen and a desire the British pound wasn't so strong. What are my best options for getting my Yen converted into Sterling? [more inside]
Help me understand U.S. dollar-denominated foreign securities. [more inside]
When economists talk about broad- and narrow-money, what exactly are they talking about?
I'm going to the States on the weekend and I'm wondering what the best way is to convert Canadian dollars to American dollars? What option provides the best conversion rate for $300-500?
No bills larger than...? [more inside]
I have a not-insignificant amount of Polish zlotych. Help me figure out if and how I can exchange it... [more inside]
Is there a website that catalogs the daily exchange rates between countries? For example, if I wanted to know the exchange rate from Canadian to American dollars on July 27, 2005?
What are some examples of obsolete currency — currency that was formerly used by a now-defunct political state or regime and is now worthless, except perhaps as a curiosity or historical artifact? This defunct currency would have to be paper rather than in bullion, as the latter never really becomes worthless. The only example I can think of is the currency issued by the Confederate States of America during the U.S. Civil war. Can you suggest any more recent examples?
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