RECENT NEWS
newratings.com  44 min ago  Comment 
CANBERA (dpa-AFX) - Antipodean currencies such as the Australian and the New Zealand dollars strengthened against their major counterparts in the Asian session on Wednesday, as Asian stocks rebounded following a two-day equity rout that followed...
The Hindu Business Line  1 hr ago  Comment 
Currency daily report for June 29, 2016 by Veracity Financial Services ...
The Economic Times  7 hrs ago  Comment 
The first impact was that the British sterling pound crashed 8% against the dollar over the previous trading session as soon as the verdict of British wanting to exit the European Union was out.
Benzinga  8 hrs ago  Comment 
Nike Inc (NYSE: NKE) closed its fiscal year 2016 after releasing Q4 earnings. Nike beat analyst's estimates on earnings by 0.01 per share, coming in at $0.49 per share. Revenue came in at $8.24 billion, $40 million shy of consensus...
MarketWatch  10 hrs ago  Comment 
A decline in a currency’s value typically benefits an economy by making goods and services produced within it more competitive on the global market. But for the U.K., it could be too much of a good thing.
newratings.com  Jun 28  Comment 
ANKARA (dpa-AFX) - Turkey's foreign reserves increased in May from a month ago, data from the Turkish Central Bank showed Tuesday. Official reserve assets totaled $116.1 billion at the end of May indicating an increase of $81 million...
The Economic Times  Jun 28  Comment 
Hybrid instruments include optionally convertible or partially convertible debentures, Foreign Currency Convertible Bonds - which are intrinsically debt-instruments.
SeekingAlpha  Jun 28  Comment 
Clusterstock  Jun 28  Comment 
It has been a chaotic few days in the currency markets, and the British pound has been taking the brunt of the pain. One of the most immediate market casualties of the UK's vote to leave the European Union was the value of the pound, which at...
The Hindu Business Line  Jun 28  Comment 
The rupee washed out its initial gains against the US currency and ended steady at 67.95 a dollar on fag-end demand from banks and importers in view of uncertainty in the currency market. The domesti...




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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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