RECENT NEWS
The Economic Times  39 min ago  Comment 
Reserves stood at $343 billion at the end of March 2015, up more than $20 billion from end-2014 levels and a jump of almost $40 billion.
Reuters  2 hrs ago  Comment 
HCL Technologies Ltd, India's fourth-largest software services exporter by revenue, reported a 3.6 percent rise in quarterly net profit on Tuesday, lagging street estimates as margins dropped due to currency volatility.
The Economic Times  2 hrs ago  Comment 
Last week, bigger rival TCS posted its worst quarter in nearly five years, because of cross currency movements impacting its topline.
Reuters  5 hrs ago  Comment 
The Hong Kong Monetary Authority (HKMA) stepped into the currency market for a second time on Monday, selling an aggregate HK$11.586 billion ($1.49 billion) in Hong Kong dollars in New York trading hours as the local currency hit the strong end of...
BBC News  8 hrs ago  Comment 
Indonesia wants tourists to boost its weak currency
Wall Street Journal  Apr 20  Comment 
French cosmetics giant L’Oréal SA posted a strong rise in first-quarter sales, buoyed by a “very positive currency impact” following the recent slide in euro against the dollar.
Wall Street Journal  Apr 20  Comment 
Mondo Visione  Apr 20  Comment 
The U.S. Commodity Futures Trading Commission (CFTC) announced that Judge Sheri Polster Chappell of the U.S. District Court for the Middle District of Florida entered an emergency restraining Order freezing assets and prohibiting the ...
Benzinga  Apr 20  Comment 
It appears that bitcoin is making its way into mainstream use, despite many setbacks over the past several years. Payments processor BitPay told IBTimes that its latest research showed that more and more customers are looking to bitcoin as a...
MarketWatch  Apr 20  Comment 
The euro trades lower against the dollar Monday, after finishing higher last week, as the market worries that negotiations between Greek officials and the country’s creditors have yielded little progress.




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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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