RECENT NEWS
newratings.com  7 hrs ago  Comment 
WASHINGTON (dpa-AFX) - The dollar was up against its major competitors early Friday, but reversed direction after the release of the disappointing new home sales report for June. The U.S. currency has pulled back to nearly flat on the day. New...
Mondo Visione  7 hrs ago  Comment 
Comptroller of the Currency Thomas J. Curry today discussed risks and opportunities facing financial services during remarks before the New England Council. During his speech, the Comptroller commented on interest rate risk, compliance risk,...
The Economic Times  9 hrs ago  Comment 
Premier stock exchange NSE today said it will introduce from August 3 a mechanism to prevent self-trades on the currency derivative segment.
The Hindu Business Line  9 hrs ago  Comment 
Extending its losses for the third day, the rupee on Friday fell by another 27 paise to end at a more than five-week low of 64.04 to the dollar on persistent demand for the US currency from banks...
Wall Street Journal  11 hrs ago  Comment 
Turkey’s currency fell sharply this week as a wave of violence knocked international investors’ confidence in the country’s economy.
Forbes  Jul 24  Comment 
Abbott Laboratories reported second-quarter sales of $5.2 billion, an increase of 2.2% as reported or 10.7% on an operational (constant currency) basis. Adjusting for both currency effects and acquisitions, sales were up by a respectable 6.4%....
MarketWatch  Jul 24  Comment 
The dollar looks set to finish the week broadly lower on Friday after several sessions of range-bound trading as traders held off on taking large bets in the currency market ahead of a meeting of Federal Reserve policy makers next week.
The Economic Times  Jul 24  Comment 
Most emerging Asian currencies fell on Friday extending their declines for the week over disappointing survey on China's manufacturing activity.
The Times of India  Jul 24  Comment 
The first loan to be issued by the US $ 100 billion New Development Bank (NDB) of the five-nation BRICS bloc in April next year would in Chinese currency Renminbi (RMB), its president KV Kamath has said.




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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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