Global travelers are being increasingly asked if they want to pay for local purchases in terms of their home country currency. Here's why you should resist the strong temptation to do so.
Argentina is just one of a handful of crisis-stricken nations asking the International Monetary Fund for help.
David Fernandez/EPA
Some US$4.6 trillion has been made available to stave off financial crises across the world. The problem is that much of this funding is now spoken for, and the list of stricken nations is growing.
Treasury Secretary Steven Mnuchin walks through the snow at Davos.
AP Photo/Markus Schreiber
Global travelers are being increasingly asked if they want to pay for local purchases in terms of their home country currency. Here's why you should resist the strong temptation to do so.
Who’s a currency manipulator?
Kim Kyung-Hoon/Reuters
China manipulates its currency, but without real economic effects on the rest of the world.
Six global currency-dealers have agreed to pay a total of US$4.3 billion to regulators in the US, UK and Switzerland.
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Suppose you’re in the supermarket shopping for groceries. While you’re strolling the aisle with your cart, a shadowy figure looms over your shoulder and changes the prices on the items you want to buy…
Punching above its weight? The Aussie dollar has captured the attention of Australians and international investors alike. Rebecca Le May/AAP.
Charis Palmer, The Conversation and Emil Jeyaratnam, The Conversation
To navigate the timeline below, hover your mouse on the right (and on the left to move back). Further reading The float Australia had to have? Intervene or wait? The RBA faces a tricky path to a lower…
Floating the Australian dollar helped us flourish - but was no panacea to all economic ills.
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The Australian dollar was floated this day in 1983. By 1985, it seemed to take on water, list badly, and sink. And that actually was the idea. The real exchange rate – roughly, the dollar rate, adjusted…