RECENT NEWS
Channel News Asia  49 min ago  Comment 
Around 23:20 GMT, the price of the currency had risen to US$15,940 dollars on a futures contract scheduled for settlement on Jan 17, according to data provided by the Chicago board options exchange (Cboe).
Channel News Asia  1 hr ago  Comment 
NEW YORK: Cryptocurrency Bitcoin made its debut on a major bourse Sunday (Dec 11), opening at US$15,000 per unit at the Chicago board options exchange. Around 11.20pm GMT (7.20am, Singapore time), the price of the currency had risen to...
guardian.co.uk  10 hrs ago  Comment 
While some welcome regulated way to bet on or hedge against bitcoin, others warn risks remain to more than just investors The newest way to bet on bitcoin will be available later on Sunday when futures in the wildly fluctuating cryptocurrency...
guardian.co.uk  Dec 8  Comment 
Amid warnings of bubbles and infernos, currency hits new high of $16,660, crashes, then recovers to $15,350 as London closed Bitcoin rounded off a week of frenzied investor speculation with a day of whipsaw trading that knocked nearly 20% off its...
TechCrunch  Dec 8  Comment 
 In a Medium post, the CEO of Coinbase, one of the most popular cryptocurrency exchanges out there, is urging users to be responsible about their investments. “We also wanted to remind customers of some of the risks associated with trading...
MarketWatch  Dec 8  Comment 
Speculators regularly attack the Danish krone that has been pegged to the D-mark and euro since 1982. But there’s no way Denmark will ever give up its fixed exchange rate, says central bank governor Lars Rohde
Clusterstock  Dec 8  Comment 
Cryptocurrency bitcoin has shot up massively in value over the last few days, currently sitting at $15,338. That's profited anyone who holds the cyrptocurrency — including neo-Nazis forced to accept anonymous donations in bitcoin after being...
MarketWatch  Dec 8  Comment 
The U.S. dollar sees choppy trading action after a stronger-than-expected November jobs report.




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See also Currency Pairs.

A currency is a unit of exchange that can be used to purchase goods and/or services in one or more countries. With the notable exception of the European Union, most countries have a monopoly over the production and supply of their respective currencies.

Depending on the way a country manages its currency in the foreign exchange market, it can be either fixed rate (as in China) or floating rate (as in the United States) with respect to other currencies. In a fixed rate regime, the currency's value is matched to the value of another currency, a basket of currencies or some other measure of value (like gold) - in such cases, the country's central bank will trade the currency to maintain the fixed exchange rate - for example, by agreeing to always exchange a fixed amount of the country's currency for a fixed amount of the currency to which it's pegged. In a floating rate regime, supply and demand dictates the currency's exchange rate, and the currency's value will fluctuate on the basis of the country's balance of trade, deficits, interest rates, and other factors

Current exchange rates are called spot prices. In contrast, Exchange rates set for currency transactions in the future are called forward prices. These prices are generally specified in forward contracts that are used by cross-border companies to hedge against currency risk.

This is the chart for Euros per 1 U.S. Dollar. Scroll down for a list of other currencies on Wikinvest.



Currencies on Wikinvest

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