Welcome to the Money blog, Sky News's personal finance and consumer hub. Today: a reader in a dispute with TK Maxx asks for ...

The U.S. stock market added to its record as Wall Street closed out a second straight winning month. The S&P 500 rose 0.5% ...

He also pointed out that the shift to J$165 was triggered after the local exchange rate touched J$160 to US$1 “a couple of times”. He emphasised that the adjustment helps to protect the ...

Usually, central banks buy up US government debt when the dollar falls versus rivals — which has been the case this year with the US dollar index down over 9%. Additionally, historically low interest ...

Data from the Nigerian Foreign Exchange Market (NFEM) shows that the naira appreciated by N5 against the US dollar, up from N1,585.50 to N1,580 on Monday, June 2, 2025.

Spot-rate transactions are the simplest and most common foreign exchange transaction. The currency is bought or sold based on the current exchange rate at the time of the transaction.

Currency Trading Markets The tax rate on a foreign currency trade depends on the type of exchange contract you have executed. Ordinary exchange contracts are taxed at the ordinary capital gains rate.

The 110,000 U.S. dollars convert back into 101,851.85 euros at the new exchange rate. Subtract the 100,000 euros it cost to open the trade to get a profit 1,851.85 euros.

GBP/USD traded thinly on Tuesday, but still inched back into the 1.3000 handle, chalking in a fresh 19-week high ahead of high-impact rate calls from both the Federal Reserve (Fed) and the Bank of ...

The State Bank of Vietnam (SBV) must closely monitor the USD/VNĐ exchange rate in 2025, as trade tensions are already exerting pressure on the domestic forex market in the early months of the year, ...

Converting between U.S. and Canadian dollars can be costly. This technique can reduce the cost from 2% or more of the transaction to just a few dollars.