Many people are beginning to see bitcoin as a good alternative to hedge their wealth
against currency losses.
Not exact matches
The
currency, which was down on the day
against the dollar, was on track for its biggest daily
loss in more than four months.
Prices for U.S. Treasuries extended
losses after the data while the dollar rose
against a basket of
currencies.
Chinese companies that borrowed in foreign
currency at a record pace in the past three years will buy dollars to protect
against losses, he said.
Hedging
against currency fluctuations can help guard
against potential
losses a strong dollar could bring.
However, fluctuations in the value of the
currency against the U.S. dollar could result in
loss of principal.
The gain or
loss is calculated
against the market value of the
currency when you acquired it (known as your basis).
Among the latter were a contraction in international demand for electronics and a
loss of competitiveness as
currencies appreciated with the US dollar
against the yen.
Hedging
against currency fluctuations can help guard
against potential
losses a strong dollar could bring.
You are also far less likely to make large
losses trading with major
currencies, so it can help prevent
against this.
Spreading your investments into different asset classes, industries, countries and even
currencies will help guard
against a major
loss.
Arguably, by investing now when the dollar is strong I am also exposed to the risk of the dollar depreciating
against the Euro, but a weaker dollar would mean higher sales in dollar terms, which would compensate in large measure for any
loss of value from a weaker
currency: it's a case of swings and roundabouts.
However, if the underlying
currency in one of your trades moves
against you, the leverage in the Forex trade will magnify your
losses and these
losses may add up very quickly and without sufficient margin remaining in your account, you run the risk of those
losses turning into realised
losses.
From time to time, the Fund may hedge
against some
currency risks; however, the hedging instruments may not always perform as the Fund expects and could produce
losses.
Bhattacharya pointed out that Insurance protects the policyholder
against mishaps and ailments that can be a huge financial
loss when one has to spend in foreign
currency.
Other coverage that you can buy through riders include: accounts receivable coverage from $ 25,000 up to $ 250,000; coverage for
loss of stock; protection
against counterfeit money orders or
currency; employee - dishonesty protection; sewer and drain back - up coverage; and valuable papers coverage.
This time Mr. Shanmugaratnam was asked if the government was considering any action to ban the trading of bitcoin and what measures would be taken to protect consumers
against losses from investing in unregulated
currency.
The cryptocurrency markets continued to struggle this weekend
against the setback caused by a false regulatory announcement from South Korea this past week, as the top 10
currencies posted
losses in the mid-single digits to the mid-teens in the last 24 hours.
Mr Lim Biow Chuan, MP, Mountbatten asked what measures the government was taking to protect consumers
against making
losses from investing in unregulated
currency.