RECENT NEWS
BusinessWeek  57 min ago  Comment 
Australian consumer prices rose in the fourth quarter, driving the local currency higher as investors increased bets the central bank will raise interest rates as early as next week.
Stock Blog Hub  3 hrs ago  Comment 
Waters Corporation (WAT) reported earnings per share of $1.10, excluding restructuring charges, for the fourth quarter of 2009, which matched the Zacks Consensus Estimate. The company reported fourth quarter 2009 sales of $429 million, an...
FX Street  6 hrs ago  Comment 
Reports from China is playing major role in currency market as investors focuses on China’s Central... For more information, read our latest forex news and reports.
Bloomberg  9 hrs ago  Comment 
(Update1) Venezuelan President Hugo Chavez is selling dollars from central bank reserves for the first time in six years in what Goldman Sachs Group Inc. and Barclays Plc say is a futile bid to shore up the bolivar in unregulated trading.
FX Street  11 hrs ago  Comment 
Key News China tightening fears boost havens (Financial Times) Britain Emerges From Longest... For more information, read our latest forex news and reports.
Index Universe  12 hrs ago  Comment 
  WisdomTree is rethinking its strategy behind the Japan Total Dividend Fund (NYSEArca: DXJ) to include a currency hedge element moving forward. While DXJ currently is a play on Japan's broad equity market, WisdomTree is hoping that hedging...
The Globe and Mail  12 hrs ago  Comment 
Currency falls below 94 cents for first time in a month
The Globe and Mail  12 hrs ago  Comment 
Currency falls below 94 cents for first time in a month
The Australian  Jan 26  Comment 
FOREIGN exchange trading volume is growing faster in New York than London, which is still the clear leader in currency trade.
Wall Street Journal  Jan 26  Comment 
The dollar and yen strengthened on increasing worries that further monetary-policy tightening in China and lingering credit concerns in the nations that use the euro will hurt an incipient global economic recovery.



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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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