RECENT NEWS
Reuters  Sep 15  Comment 
Ripple, a U.S. start-up which uses the blockchain technology that underpins digital currency bitcoin to help banks speed up their dealings with one another, has raised a...
The Hindu Business Line  Sep 15  Comment 
As the rupee saw a sudden plunge this morning on reports of currency devaluation, Finance Ministry officials today said there were no plans to devalue the domestic unit and its value will continue to...
MarketWatch  Sep 15  Comment 
The dollar softened against the euro and yen on Thursday after official data showed retail sales in the U.S. declined in August for the first time in five months.
Reuters  Sep 15  Comment 
The finance ministry swatted down a media report on Thursday of a possible devaluation of the rupee, dismissing lobbying by struggling exporters seeking a competitive boost from a cheaper currency.
Agrimoney.com  Sep 14  Comment 
...but soybeans turn lower on lack of export demand, while sugar falls as the Brazilian currency weakens
Clusterstock  Sep 14  Comment 
This story was delivered to BI Intelligence "Fintech Briefing" subscribers. To learn more and subscribe, please click here. The US House of Representatives has passed a nonbinding resolution that highlights the positive potential impact digital...
The Hindu Business Line  Sep 14  Comment 
The currency may remain volatile ahead of the US Fed meeting next Wednesday
MarketWatch  Sep 14  Comment 
The dollar weakened against most of its rivals on Wednesday as Treasury yields moved lower, diminishing demand for dollars among foreign investors.




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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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