RECENT NEWS
Forbes  6 hrs ago  Comment 
Usually relegated to the back-seat, currencies have become a hot topic in 2015, as volatility in the FX market has picked up. Anemic global growth and falling oil prices have created currency movements not seen in years. On March 5th, the dollar...
Forbes  11 hrs ago  Comment 
Everything appears to point against investing in Russia today: oil price, recession, sanctions, currency, the lot. But with asset prices having fallen dramatically, is there a case to be made for buying, with a long term view?
Wall Street Journal  Mar 6  Comment 
Switzerland’s central bank warned its repeal of a cap on the country’s currency and market volatility could threaten its performance this year, jeopardizing customary payments to the federal and regional governments, as it confirmed it had...
Wall Street Journal  Mar 6  Comment 
The modest pickup in eurozone economic growth in the final months of last year was aided by rising investment and exports, a boost to hopes that the currency area’s recovery will strengthen this year.
MarketWatch  Mar 6  Comment 
The dollar jumps versus major rivals after a strong jobs report leaves open the possibility of a June rate hike.
MarketWatch  Mar 6  Comment 
Here’s a roundup of central banks that have fired their first salvos. More are expected.
Benzinga  Mar 5  Comment 
The Priceline Group Inc (NASDAQ: PCLN) recently issued its second euro bond offering. Darren Huston, Priceline Group CEO, was on CNBC to discuss the offering and how the company's acquisition strategy is different from that of rival Expedia Inc...
MarketWatch  Mar 5  Comment 
The euro sets an 11-year low after the European Central Bank details its bond-buying program, but takes back some lost ground as traders await February U.S. jobs data.




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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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