Currency Exchange in Hkd Forex Rates in Hkd WeizmannForex

Rush for US dollars forces Hong Kong money changers to turn away customers in droves after supplies run out

submitted by dusjanbe to China [link] [comments]

Explanation of the charts I posted earlier

I'll try to explain. The context is the concept of purchasing power parity: https://www.reddit.com/Forex/comments/fliz8m/purchasing_power_parity_ppp_in_fx/
The concept is that the numbers themselves can tell you a lot, for example, the rate of a pair, say AUD/CAD specifically state what the AUDJPY and CADJPY should be. The AUDCAD is 0.83183 which means 1 CAD is equal to 1.20216 AUD. So however many JPY you can get for a AUD you should be able to get 1.20216 times more JPY for a CAD.
AUDJPY = 64.201
64.201 x 1.20216 = CADJPY = 77.17987
DISEQUILLIBRIUM:
But the actual market price is CADJPY=76.974. Which means there is a disequilibrium between what the actual rate is. It can be quantified as the difference, -0.20587. I've taken that concept and expanded it to all currencies in a pretty large spreadsheet. The aggregate disequilibrium is accounted for each pair.
CURRENCY WEIGHT:
For this example, both the AUD is putting -0.20587 "weight" on the CADJPY and the CAD is putting -0.20587 "wieght" on the AUDJPY. This is collected for each individual currency and added together to represent the weight.
INDEX STRENGTH:
For example:
EUGBP 0.91447
USD/GBP 0.86211
CHF/GBP 0.87428
CAD/GBP 0.60099
AUD/GBP 0.50116
NZD/GBP 0.50600
JPY/GBP 0.007776594
ZAGBP 0.0484013
NOKGBP 0.0717705
HKD/GBP 0.110299
CNH/GBP 0.119747
SGD/GBP 0.588505
TRY/GBP 0.129911
SEK/GBP 0.0821385
DKK/GBP 0.12234
PLN/GBP 0.200372
MXN/GBP 0.0348339
RUB/GBP 0.0106524
Which averages out to 12.20271181 for the GBP. When this is done for each currency and added together which comes to 80.2174589.
GBP 12.20271181 15.21%
EUR 10.70881522 13.35%
USD 10.43321516 13.01%
CHF 9.209341569 11.48%
CAD 7.268234336 9.06%
SGD 7.16468796 8.93%
AUD 6.058258744 7.55%
NZD 6.065011193 7.56%
PLN 2.411473714 3.01%
TRY 1.541615401 1.92%
DKK 1.441292277 1.80%
CNH 1.411273128 1.76%
HKD 1.290361376 1.61%
SEK 0.952565391 1.19%
NOK 0.839225708 1.05%
ZAR 0.54313985 0.68%
MXN 0.507674255 0.63%
JPY 0.094083269 0.12%
RUB 0.074478539 0.09%
I've found that charting isn't needed to understand what prices should be now. They help in understanding what motivates people to have money exposed. Charts are in the psychological part of trading.
Edit: The JPY pairs are calculated times 0.01, that's why it's index is greater than RUB. I guess I can't post the charts anymore.
submitted by butstillkeepitreal to Forex [link] [comments]

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submitted by GiuliettaShop to Popify [link] [comments]

How can I pass this dict into a pandas dataframe?

Hello all,
I'm sure this is something incredibly simple which I'm just unable to see.
http://exchangeratesapi.io/ is a forex website with a great, free API on historical forex data. I'm using it to learn working with an API.
I have the following (you can just copy-paste and run this, no API key required)...
import requests import pandas as pd import json start = "?start_at=2018-01-01" end = "&end_at=2018-01-10" url = "https://api.exchangeratesapi.io/history" req = requests.get(url+start+end).json() df = pd.DataFrame(data=req) df.head(3) 
This returns four columns;
and this returns as expected, however the rate column is literally returned as a dict instead of a column.
How can I fix this to behave as you would expect, so the rate column is split into two: currency, rate.
Thanks!
submitted by pw0803 to learnpython [link] [comments]

When to transfer money over from foreign currency?

I'm currently 23 living in BC and have a stable job (complete shock in the current environment). I previously worked in another country and amassed around ~42k CAD in savings, but it's in a foreign currency (HKD). I have another 17k in CAD currently sitting in a HISA. I have no plans returning to HK to work given the horrible political and work climate.
Long story short, I'm taking more control of my finances recently and I'm looking to start investing the money for retirement. I don't have any large purchases in the pipeline (besides maybe a car).
Given that the bulk of my savings is just sitting there, should I just bite the bullet and switch it over all to CAD, and begin following a couch potato plan? I'm worried about forex rates but given my horizon is pretty long term, part of me thinks it won't matter.
I have no debt and have an emergency fund saved up too, and I'll be in graduate school in the upcoming cycle for ~6 years, where I'll be living off graduate funding. I feel like if anything, now's the time to invest?
TL;DR Bulk of savings ~42K CAD in HKD, should I transfer over now and invest, given my plans for the next 6-7 years are pretty clear?
submitted by Dependent_Routine to PersonalFinanceCanada [link] [comments]

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