Exchanging Foreign Currency in New York City

• Exchanging your foreign cash or Traveler's Checks for American cash can easily (though sometimes expensively) be done at Currency Exchange Offices and many of New York City's larger banks.
• Typically you'll get the best rate for buying U.S. dollars once you arrive in the U.S.
• It often makes sense to exchange in bulk -- commission rates often decline as the amount of money exchanged increases.
• Some currency exchange offices offer free (or inexpensive) buy-back programs. Even with popular chains, you will probably have to do the buy-back at the location of the original transaction in order to get the favorable rate.
• Exchange rates are typically better in the city than at the airport currency exchange locations.

Where to Exchange Your Foreign Currency in New York City:
Do call ahead to confirm that a particular branch will be able to accommodate your particular foreign currency.

• Travelex: Find a Travelex NYC Branch (Jamaica = JFK Airport; Flushing = LGA Airport)
• American Express Travel Offices: NYC American Express Travel Office
• Chase Bank Offices: Chase Branch Offices
• Currency Exchange International: NYC CEI Locations

What is the current exchange rate?

• You can find the current exchange rates published daily in the New York Times and the Wall Street Journal.

Currency Futures Trading

Currency Futures Trading Defined and Explained

       Currency Futures is defined are a transferable futures contracts that specify a price at of a specific currency that can be bought or sold at a future date.

Currency futures allow traders to hedge against foreign exchange risk. These contracts correlate with the market daily.

Currency Futures Trading

     The New York Board of Trade (NYBOT) trades currency futures and establishes pricing and standards for traders.  Foreign exchange trading continues to be expanded to include a wide variety of countries in different regions. All FINEX currency futures trade on a quarterly basis, listing contracts for March, June, September and December 

Currency Futures Trading Software

     Having the right tool for the job is critical.  Ask any currency trader what trading tools or types of financial analysis he is using and you're probably going to hear Stochastics, Fibonacci, MacD, moving averages, etc.  Trading software can be used to augment an existing approach by supplying a broadened perspective. The key to a currency trading system is its ability to forecast moving averages! One of the better software products is VantagePoint trading software that will help to “see” what is likely to happen in the market that you are trading before other traders (using only single-market analysis) catch wind of it. Frequently the crossover indicator flashes an “early warning” that the currency futures market is likely to make a top or bottom - before it actually happens!