Currency Exchange

wannaknow44 asked:


This may be a lame question …but…if a foreign currency is exchanged and it has increased in value is this considered a capital gain and therefore taxable?

tiger_9885 asked:


Does anyone know what book banks use to determine which currency they accept and don’t accept.

Where can I get foreign currency at agood rate other than a bank

yasir k asked:


I’m on the Nationwide Building Society website and when I search for informatin to do with currency exchange, all I can find is information about travel money and they state the total amount of money they can transfer is 2,000 GBP. The Post Office can also only exchange something like 3,000 I believe. I need to transfer a larger sum, 25,000 GBP into Pakistani Rupees. Where Can I go to get this done, and in the future if I need to exchange a large amount of Rupees back into British Pounds, can this be done in the same place? Information needed as much as you can provide. Much appreciated in avance. Thank you.
Thanks for the answers so far. Do you know which exchange rate they would use, their own or the actual rate? And would i receive the rate depending on the time I place the order or would it be determined on what the rate is at the time they deliver the money to the bank?

I understand there is a buy/sell rate when talking about currency exchange; is this so?

Christian C asked:


I stumbled across some foreign currency (euros and british pounds) and i also have some spare time so i decided to go the airport to exchange it. But is there any special protocol im suppose to follow to change it ex. go through security, show id etc.

p.s. im 17 and ill be heading to ronald reagan airport in dc

smthnfsmsrt asked:


I’ve exchanged currency at a local bank and received considerably less than rates indicated. I’ve seen currecny specialized exchange locations in other countries; might there be a trustworthy establisment here in the States?

635 asked:


I live in Pittsburgh, Pennsyvania. The only currency exchange place near me is the Travelex at the Pittsburgh Airport, which is a little far for me. DO post offices offer thesame service? I cannot find anything on their website, thanks

Whitman Lam asked:


I’ve noticed the Japanese Yen has gained a lot of value recently. So I thought it would be a good investment. I wanted to trade in some US Dollars for Yen at the bank, but the banks charge huge exchange fees.

What is a better way to invest in foreign currency ?