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Japan Today  3 hrs ago  Comment 
Unused foreign banknotes and coins brought back home by Japanese travelers as well as leftover yen still in the pockets of departing foreign visitors have become a business…
Financial Times  5 hrs ago  Comment 
Only €10,000 can be held outside banks as rial falls by almost a third this year
BBC News  7 hrs ago  Comment 
Tehran sets a new, single exchange rate after the rial lost 20% against the dollar in two weeks.
Mondo Visione  8 hrs ago  Comment 
The European Banking Authority (EBA) updated today the list of closely correlated currencies that was originally published in December 2013 and updated in October 2016. The list is part of the implementing technical standards (ITS) that were...
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Financial Times  9 hrs ago  Comment 
Not yet sufficient incentive for Russia’s central bank to prop up the currency
The Economic Times  10 hrs ago  Comment 
Despite a strong start, the home currency erased all its morning gains.
MarketWatch  11 hrs ago  Comment 
Cryptocurrencies attempt to regain recent losses, with bitcoin drifting back toward $7,000, a level providing stiff resistance of late.
guardian.co.uk  12 hrs ago  Comment 
Barclays analysts compare speculation in digital currency to spread of infectious disease The rise of bitcoin has comparisons with the spread of an infectious disease, according to economists who argue the digital currency may have peaked in...
Financial Times  Apr 10  Comment 
Currency hit hard by rising geopolitical risk




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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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