RECENT NEWS
guardian.co.uk  12 hrs ago  Comment 
As quantitative easing spreads from country to country, investors are left nervous and discouraged: and stagnation follows There is every sign that the European Central Bank’s €1.1 trillion stimulus package is going to unleash a long period...
Yahoo  Jan 24  Comment 
In a likely sign of things to come from a number of companies this results reporting season, Ford Motor Co on Friday said it was taking a pre-tax charge of $800 million for its Venezuela business. Ford also said that it was unable to maintain...
New York Times  Jan 24  Comment 
A weaker dollar was a reason for the relative health of the American economy, and a stronger currency could reverse some of the progress the nation has made.
Clusterstock  Jan 24  Comment 
It's weird to hear one of the most senior international banking executives you've ever met complain that a big part of his business should be more heavily regulated. But that is what I heard this week in Davos regarding the collapse of several...
New York Times  Jan 24  Comment 
Ford said it would take an $800 million charge in the fourth quarter because of exchange rate problems between the Venezuelan currency.
Yahoo  Jan 23  Comment 
"Fast Money" traders looked at plays in exchange-traded funds that would yield gains with choppy currencies.
BBC News  Jan 23  Comment 
Danish currency trading specialist said it could afford to absorb losses if customers failed to meet their obligations
Forbes  Jan 23  Comment 
Plunging oil prices, threatening deflation, weak global economies, and currency wars may be worrying economists, but stock market remains within two percent of its record highs
MarketWatch  Jan 23  Comment 
The euro pulled back Friday after it fell to an 11-year low in early trade.




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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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