RECENT NEWS
Wall Street Journal  6 hrs ago  Comment 
Nigeria’s currency tumbled to record lows, hammered by falling oil prices that have weighed on Africa’s top economy as it heads toward a costly election.
Wall Street Journal  9 hrs ago  Comment 
A calm spell for the Russian ruble early proved short-lived, with a renewed slide in oil hitting the currency once more, despite the country’s finance minister saying that the ruble is now too cheap.
Forex News  11 hrs ago  Comment 
It looks as though another round of currency wars is expected from central banks as countries try to stimulate their economies by weakening their currencies. One of the exceptions to this move, though, is likely to be the US dollar. With...
Reuters  11 hrs ago  Comment 
Russian Finance Minister Anton Siluanov said on Tuesday that the rouble's current exchange rate corresponded to an oil price significantly below $60 per barrel, suggesting the currency was undervalued.
Forbes  Dec 2  Comment 
Yesterday Russia suffered the biggest one-day decline in its currency since its 1998 financial crisis. This morning, however, it's stronger. Have we seen the worst?
The Economic Times  Dec 2  Comment 
The dollar rose against a basket of currencies on Tuesday, underpinned by upbeat comments from two influential Federal Reserve officials.
The Hindu Business Line  Dec 2  Comment 
Currency midday report for Dec 2, 2014 by Mecklai Financial
Clusterstock  Dec 2  Comment 
By Byron Kaye SYDNEY (Reuters) - A top Australian law enforcement agency is investigating bitcoin's role in organized crime, a senior official said, just as politicians and financial regulators embrace the digital currency as a legitimate part of...
Forex News  Dec 2  Comment 
The Australian dollar rallied today, rising for the second consecutive trading session. The currency advanced as the central bank left interest rates unchanged while macroeconomic indicators exceeded economists’ expectations.(...)Read the...
The Economic Times  Dec 2  Comment 
The rupee had gained just one paisa to close at 62.02 against the dollar in yesterday's trade on late selling of the US currency by exporters and some banks.




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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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