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How much cash can you take out of India? If you're planning to export cash out of India, expect similar rules that apply for importing currency. Exporting Indian rupees is strictly prohibited for non-Indian residents.

Skip currency exchange: Use a credit or debit card Credit and debit cards can be a safer option than cash; they offer fraud protection and safety features (such as the option to freeze them in case of misplacement), but once cash is lost or stolen, it can be impossible to recover.

Forward contracts can be used for hedging purposes and enable an investor to lock in a specific currency's exchange rate. Typically, these contracts require a deposit amount with the currency broker.

Central banks and governments can intervene to help stabilize a currency by selling off reserves of foreign currency or gold, or by intervening in the forex markets. Currency crises have occurred throughout modern history, most notably in Asia and Latin America during the 1990s.

It is a legal currency contract that allows you to buy currency at an agreed exchange rate at a future date. Typically, you pay a deposit of 10% now and agree to pay the remainder when the balance is due.

To hedge on currency, a company makes a ?forward agreement? with an investment dealer to sell a specific amount of a particular currency on a future date?but at today's exchange rate. This forward agreement is carried out through an exchange traded fund (a type of investment).

Simply explained, in order to weaken its currency, a country sells its own currency and buys foreign currency ? usually U.S. dollars. Following the laws of supply and demand, the result is that the manipulating country reduces the demand for its own currency while increasing the demand for foreign currencies.