RECENT NEWS
The Economic Times  5 hrs ago  Comment 
According to the latest counterfeit currency statistics released by Switzerland's Federal Office of Police (Fedpol), the number of fake Euro notes seized in the year 2013 stood at 2,394, while there were 1,101 fake US dollar bills.
Mondo Visione  Jul 18  Comment 
The U.S. Commodity Futures Trading Commission (CFTC) today announced the filing of an amended Complaint against Defendant Daniel K. Steele of Rolla, Missouri, and his firm, Champion Management International, LLC (Champion Management), charging...
The Straits Times  Jul 18  Comment 
July 19, 2014 12:59 AM KEY regional currencies have remained relatively resilient this year, even though South-east Asia has been hit by persistently high inflation, large current account deficits, political unrest in Thailand and two Malaysia...
Clusterstock  Jul 18  Comment 
Bitcoin is most often discussed as a volatile digital currency.  But where Bitcoin's real value lies is as a payments technology that has the potential to revolutionize the legacy payments industry.  Bitcoin offers merchant a low-cost...
Yahoo  Jul 18  Comment 
Half a year after bitcoin fever peaked with a price surge above $1,100, most financial types still consider the virtual currency a faddish investment bubble.
CNNMoney.com  Jul 18  Comment 
New York's top financial regulator isn't the Bitcoin-hating bureaucrat everyone feared.
New York Times  Jul 18  Comment 
AbbVie agreed on Friday to buy the Irish drug maker Shire for around $54 billion. | Alibaba has pushed its I.P.O. to September. | Growth in wealth management bolstered Morgan Stanley's second-quarter profit. | New York State's top financial...
MarketWatch  Jul 18  Comment 
Investors move back into riskier, higher-yield currencies like the Australian dollar, New Zealand dollar and Canadian dollar.
Reuters  Jul 18  Comment 
Reuters Market Eye - The rupee is trading at 60.26/27, off the one-month low of 60.46, but still below the 60.18/19 close on Thursday.




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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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