Financial Times  2 hrs ago  Comment 
Share held in domestic currency has risen from 50% to 75% in past 15 years, says Moody’s
The Economic Times  2 hrs ago  Comment 
"The associated decline of currency mismatches reduces the vulnerability of these countries to economic shocks and increases the effectiveness of monetary and fiscal policy."
The Economic Times  2 hrs ago  Comment 
Punters in the currency market are betting that the rupee will slide further against the US dollar in the short term ahead of Fed meeting.
Benzinga  5 hrs ago  Comment 
After meeting with the United States Secretary of Defense Ash Carter, Marc Andreessen, co-founder of Andreessen Horowitz, appeared on Bloomberg to share some thoughts on the Chinese market volatility and the ongoing CEO search at Twitter Inc...
Forbes  8 hrs ago  Comment 
Medtronic completed the consolidation of Covidien's acquisition last fiscal year, but significant synergies are not expected to be realized until the second half of fiscal 2016. On the other hand, the company is expected to face substantial...
The Hindu Business Line  8 hrs ago  Comment 
Banks will have to hold 20% reserves against forex forwards, say sources
MarketWatch  11 hrs ago  Comment 
Prosecutors leveraging prior currency rigging settlement for new allegations; CalPERS, CalSTRS criticize Bank of America plan to give CEO Moynihan the chairman role; Big Four audit firms go after M&A; Etsy under pressure for alleged Irish tax...
MarketWatch  12 hrs ago  Comment 
Making the yuan suitable for inclusion in the elite club of reserve currencies should have been a low-key, technical issue, but it has roiled global markets instead, writes David Marsh.  Sep 1  Comment 
ANKARA (dpa-AFX) - A Sharia court in the Syrian city of Aleppo has announced that it has decided to use the Turkish currency in areas under the control of the rebels in Aleppo and its countryside, a UK-based monitoring group says. The Syrian...


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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