RECENT NEWS
Financial Times  28 min ago  Comment 
Currency is worst performer among Asian peers this year
The Times of India  57 min ago  Comment 
Forex dealers said besides strong demand for the American currency from importers, concerns of fears of rising fiscal deficit and capital outflows mainly weighed on the domestic currency. Moreover, weakness in emerging currencies overseas against...
The Economic Times  2 hrs ago  Comment 
The huge, undeclared currency is allegedly used to buy jewellery overseas and bring it back in person by the same or unrelated parties
Reuters  5 hrs ago  Comment 
The U.S. dollar, which has had its best yearly performance since 2015 so far in 2018, will hold on to those gains for the rest of the year but beyond that is unlikely to maintain its ascendancy, a Reuters poll showed.
The Hindu Business Line  5 hrs ago  Comment 
The dollar sagged on Thursday, pressured by the pound which rose after fears of Britain leaving the European Union with no comprehensive agreement f
The Economic Times  6 hrs ago  Comment 
Against this backdrop, it was unsurprising that the rupee, too, would face depreciation pressures.
Financial Times  6 hrs ago  Comment 
European equities follow Asia lower as currency crises fuel contagion fears
New York Times  7 hrs ago  Comment 
Iran’s rial fell to a record low, part of a staggering 140 percent drop in the currency’s value.
WA Business News  10 hrs ago  Comment 
Oil prices fell more than one per cent after a US Gulf storm weakened and moved away from oil-producing areas and concerns mounted about global trade disputes and Turkey's currency crisis hurting demand.
MarketWatch  Sep 5  Comment 
The Federal Bureau of Investigation has launched an investigation into American Express foreign-exchange pricing, according to a report by The Wall Street Journal. The probe, which began in August, will focus on whether AmEx misrepresented...




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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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