RECENT NEWS
Clusterstock  May 7  Comment 
The pound has erased its losses for 2016, as investors spooked by the fear of Brexit start to see the chances of Britain actually leaving the EU getting less and less likely, making the bearish outlook on the pound less prominent. The pound...
Motley Fool  May 6  Comment 
Like last quarter, the global interconnection and data center company’s key adjusted funds from operation metric was negatively impacted by the purchase of Europe’s Telecity.
Clusterstock  May 6  Comment 
By Jemima Kelly LONDON (Reuters) - As one would-be father of bitcoin falls by the wayside, squabbling among the web-based currency's lead developers is exposing a fundamental flaw: it must evolve to meet growing demand, but may lack a governance...
Wall Street Journal  May 6  Comment 
The U.S. dollar’s weakness this year has shown the downside of hedging currency exposure when investing in overseas stocks.
Reuters  May 6  Comment 
The 24 fishing boats rusting in the harbor of Mozambique's capital were meant to be a modern tuna fleet that would rake in hard currency, create jobs and provide a cheap source of protein for one of the world's poorest countries.
Automotive World  May 6  Comment 
It wasn't a stellar quarter for the BMW Group, but management say there wasn't anything unexpected. By Megan Lampinen The post Currency headwinds and EV uncertainty dampen BMW’s Q1 appeared first on Automotive World.
guardian.co.uk  May 6  Comment 
Currency shortage prompts national reserve to introduce new notes, currently in the ‘design stage’ Zimbabweans are forming long queues outside banks amid a cash shortage that has prompted the government to announce plans to print a local...
The Times of India  May 6  Comment 
The rupee depreciated by 7 paise to 66.62 against the US dollar in early trade today due to sustained foreign fund outflows amid appreciation in the American currency overseas. Dealers also attributed the fall to fresh demand for the US currency...
The Hindu Business Line  May 6  Comment 
Currency daily report for May 6, 2016 by Veracity Financial Services ...
The Australian  May 6  Comment 
The local currency has tumbled after RBA forecasts pointed to the prospect of a further move on rates.




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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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