RECENT NEWS
MarketWatch  4 hrs ago  Comment 
Weakness in Tokyo stocks prompting buying of the Japanese currency and a cautious stance over interest-rate hikes from the Fed.
The Hindu Business Line  Aug 17  Comment 
In the absence of fresh triggers, the currency may remain range-bound for some more time
Clusterstock  Aug 17  Comment 
One of the biggest drivers of Asian currencies in the coming months could be the weather. In a note out Wednesday, strategists at Deutsche Bank examined how the climate pattern La Niña could affect Asian economies, and how a pass-through effect...
Forex News  Aug 17  Comment 
With all that’s going on right now, it seems as though euro should be heading lower. However, the 19-nation currency is mostly higher today, gaining against many of its counterparts. Euro is down against the US dollar, but seeing success...
Reuters  Aug 17  Comment 
A venture backed by eight major banks and financial institutions has begun beta testing a peer-to-peer network that aims to use blockchain distributed ledger technology to slash billions off the cost of processing foreign exchange transactions.
BBC News  Aug 17  Comment 
Tough times for the tugrik: Mongolia's currency is the world's worst-performing as the government battles an economic crisis, reports the BBC's Leisha Chi.
MarketWatch  Aug 17  Comment 
Following an initially choppy reaction, the dollar turns lower Wednesday after minutes from the Federal Reserve’s July meeting dampened expectations for a rate rise before the end of the year.
MarketWatch  Aug 17  Comment 
Japan’s top currency bureaucrat issued a fresh warning Wednesday over the soaring yen, saying the government would have to act should it rise too sharply.




RELATED WIKI ARTICLES
 
TOP CONTRIBUTORS

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

RON

Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki