RECENT NEWS
The Economic Times  3 hrs ago  Comment 
Most Asian currencies, including the Chinese yuan and the Philippine peso, inched lower.
The Hindu Business Line  3 hrs ago  Comment 
The dollar pulled away from 4-1/2-month lows against a currency basket on Wednesday after solid data backed expectations for more US interest rate hikes this year, while sterling was knocked by Brita...
newratings.com  Mar 28  Comment 
WASHINGTON (dpa-AFX) - The dollar struggled in early trade Tuesday, but jumped following the release of the stronger than expected consumer confidence report. The U.S. currency is now rising against all of its major rivals...
Reuters  Mar 28  Comment 
The U.S. Securities and Exchange Commission on Tuesday denied for the second time in less than three weeks a request to bring to market a first-of-its-kind product tracking bitcoin, the digital currency.
The Times of India  Mar 28  Comment 
As there is excess cash of about Rs 3L cr floating in the economy, a further push to digital mandate is possible, the govt said citing SBI research. SBI research estimates till March 10 pegged newly supplied currency as a percentage of the...
The Hindu Business Line  Mar 28  Comment 
No ‘high quality’ fake currency notes have been recovered post demonetisation, although some scanned/photocopied notes were seized by BSF and NIA at the Indo-Bangladesh border, Parliament was informe...
Yahoo  Mar 28  Comment 
While banks warn Britain's European Union divorce could drive the pound below $1.20, their option traders have cut the cost of insuring against further falls in the two years it has left inside the bloc. British Prime Minister Theresa May lodges...
The Economic Times  Mar 28  Comment 
The RBI has already cautioned users, holders and traders of virtual currency, including Bitcoin, about the potential financial, legal and security risks arising from the usage.
MarketWatch  Mar 28  Comment 
The dollar strengthened against its main rivals on Tuesday after consumer confidence in March soared to its highest level in more than 16 years, sending Treasury yields and stocks higher.




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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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