RECENT NEWS  4 hrs ago  Comment 
SANTANDER (dpa-AFX) - Banco Santander (BNC.L, BSBR, SAN) reported that its third-quarter attributable profit to the Group increased year-over-year to 1.69 billion euros from 1.68 billion euros. Excluding the impact of currency depreciation against...
Reuters  9 hrs ago  Comment 
The dollar took a breather in early Asia trading on Wednesday, but was still not far from a nearly nine-month peak against a currency basket as expectations for a year-end rate hike by the Federal Reserve remained intact.  Oct 25  Comment 
WASHINGTON (dpa-AFX) - TSYS (TSS) announced, as a result of currency headwinds, the company's 2016 total and net revenue guidance are being adjusted. Net revenue is now expected to range between $3.03 billion and $3.05 billion. Total revenues...
Mondo Visione  Oct 25  Comment 
Comptroller of the Currency Thomas J. Curry today discussed the importance of interagency collaboration to the supervision and regulation of the financial services industry. The remarks came during an event for bank regulators related to...
Forbes  Oct 25  Comment 
US-based start-up CentzInc. has vowed to “disrupt” the global gift card industry at the Money 2020 and CoinAgenda trade shows in Las Vegas, giving consumers control of their gift cards by combining all such card balances into a single lump sum...
The Economic Times  Oct 25  Comment 
The Sunil Mittal-led mobile carrier’s Africa revenue rose 3.7% to $898 million in the three months ended September from $866 million a year earlier.
The Economic Times  Oct 25  Comment 
The currency's weakness has revived memories of China's surprise devaluation last August and another rapid depreciation early this year.
The Hindu Business Line  Oct 25  Comment 
In highly volatile trade, the rupee maintained its edge over the American currency for the second day on Tuesday, appreciating by a modest three paise to close at 66.82. Trading was thin and confi...


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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