Are all foreign currency gains taxable? No. Under a de minimis exemption individual taxpayers with foreign currency gains of $200 or less on a “personal transaction” do not need to report them. How ...

Review your credit card fee policies before traveling outside the U.S. to avoid surprise costs. If needed, apply for a credit card without travel-related surcharges and fees. To avoid high conversion ...

Are there special hedging provisions for section 988 transactions? Yes. In addition to the business hedging rules I address in our earlier Q&A with Andie series,[1] a special hedging provision is ...

You use your card to make an in-person purchase while you’re outside the United States. You use your card to buy something online that’s sold in a foreign currency. Generally, the foreign transaction ...

Peer-to-peer (P2P) foreign currency exchange platforms safely connect individuals to swap currencies. P2P offers significant savings with no bank or broker fees.

By Ali Ousat Foreign exchange is a strategic lifeline that links Pakistan to the global economy. From remittances sent by ...

Ordering foreign currency ahead of a trip can help lower the cost of exchanging money and maximize the amount you get in return. Using airport currency exchange services is often the most expensive ...

Currency revaluation is a process through which a country adjusts the value of its currency relative to other currencies, an adjustment typically undertaken by the government or central bank to ...

Credit cards and banking specialist Jenn Underwood brings over 16 years of personal finance experience to the table. After a decade of teaching courses in banking, debt reduction, budgeting and credit ...