RECENT NEWS
Wall Street Journal  1 hr ago  Comment 
A cheaper currency and improving U.S. housing market give Chinese power-tool exporter Techtronic a solid foundation.
The Economic Times  2 hrs ago  Comment 
Asian shares were mostly higher on Friday, but still on track for a steep weekly loss in the wake of China's surprise currency devaluation.
the Underground Investor  3 hrs ago  Comment 
We have subscribers to this newsletter from many different countries in the Americas, Europe, Africa and Asia. So today, we will discuss critical developing market situations all around the world.   As our offices are located in Singapore,...
Financial Times  3 hrs ago  Comment 
China sets daily currency fixing slightly stronger for first time in four days
News.com.au  5 hrs ago  Comment 
THE Australian share market opened flat as wary investors eye off Chinese currency devaluations.
Mondo Visione  11 hrs ago  Comment 
Amrit Sekhon today was named Deputy Comptroller for Capital and Regulatory Policy at the Office of the Comptroller of the Currency (OCC). In this role, Mr. Sekhon will serve as the key advisor to the Comptroller on current and emerging...
newratings.com  12 hrs ago  Comment 
WASHINGTON (dpa-AFX) - The dollar was slightly stronger versus major rivals Thursday, taking back some of this week's losses versus the euro and yen. Traders are going back and forth on whether the Federal Reserve will delay an interest rate...
Mondo Visione  Aug 13  Comment 
The inevitable economic fears following China’s decision to devalue its currency have sent some investors gold hunting this week, although interestingly, Dealing Manager at GoldMoney, Kelly-Ann Kearsey said more of their customers have been...
The Hindu Business Line  Aug 13  Comment 
China has made its currency market-linked and appears confident about protecting the yuan from a steep decline
New York Times  Aug 13  Comment 
The renminbi’s official rate against the dollar has fallen 4.4 percent over the last three days, but officials in Beijing said it was not in free fall.




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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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