Aaron Broverman is the Managing Editor of Forbes Advisor Canada. He has almost 20 years of experience writing in the personal finance space for outlets such as Bankrate, Bankrate Canada, ...

The won closed at 1,461.5 per dollar in overnight trading on Friday, according to the Seoul foreign exchange market on Sunday ...

Dynamic currency conversion allows consumers to choose to use their home currency when transacting with retailers, restaurants and other services in foreign countries. Customers view a bill showing ...

You can do a lot better if you look beyond traditional currency booths near train stations and tourist hubs Written By Written by Contributor, Buy Side Jason Cochran is a contributor to Buy Side and ...

Even if you have a no-foreign-transaction-fee card, you could be spending extra money on purchases made in foreign currency unless you avoid dynamic currency conversion. Avoid credit and debit fees by ...

Information provided on Forbes Advisor is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circumstances. We do not ...

Interest rates directly affect currency rates. Higher rates attract foreign investors seeking better returns, which ...

Learn about foreign exchange risk, its types, and effective hedging strategies. Discover how investors and businesses manage currency fluctuations to minimize loss.

After the U.K. recently voted to leave the European Union, Brexit spurred many Americans into suddenly considering the value of the U.S. dollar. Too often, however, even experienced travelers don’t ...

Learn how to mitigate currency risk with ETFs, forward contracts, and options contracts to protect international investments from exchange rate fluctuations.

The Financial Accounting Standards Board issued Statement 52, Foreign Currency Solution, in December 1981. Also known as Accounting Standard Codification 830, FAS 52 provides guidance on handling ...

Answer: You could be, but as your later calculations show, and experts agree, this issue shouldn’t keep you up at night. Other issues should, and we’ll get to those in a minute. First, though, let’s ...