RECENT NEWS
MarketWatch  7 hrs ago  Comment 
The move to put Harriet Tubman on the $20 bill has sparked plenty of backlash, but change is nothing new when it comes to currency. Just take a look at these animated images showing U.S. bills all the way back to 1862.
Mondo Visione  9 hrs ago  Comment 
Summary The Office of the Comptroller of the Currency (OCC) is issuing this bulletin to remind national banks and federal savings associations (collectively, banks) of their obligations related to the maintenance of records, records retention,...
Forex News  Apr 27  Comment 
The euro continues to show strength in currency trading on the FX market, even though stimulus is in effect, and there could be more stimulus on the way for the eurozone. Signs that stimulus efforts are having an impact are providing...
New York Times  Apr 27  Comment 
The Spanish lender said its profit was down 5 percent in the first quarter from a year earlier as the British pound and Latin American currencies affected results.
The Economic Times  Apr 27  Comment 
The European Central Bank is doing "experimental work" with the same ledger technology that underpins virtual currency bitcoin but it needs further research before considering adopting it, an ECB executive board member said on Monday. ​
MarketWatch  Apr 27  Comment 
The dollar was little changed Wednesday after the release of the Federal Reserve’s April policy outlook.
The Hindu Business Line  Apr 27  Comment 
Currency daily report for April 27, 2016 by Veracity Financial Services ...
Mondo Visione  Apr 26  Comment 
Comptroller of the Currency Thomas J. Curry today made the following statement at a board meeting of the Federal Deposit Insurance Corporation (FDIC) on his vote approving the proposed Incentive-Compensation Rule, implementing Section 956 of the...
Mondo Visione  Apr 26  Comment 
Thomson Reuters (TSX / NYSE: TRI) today reported results for the first quarter ended March 31, 2016. The company also re-affirmed its 2016 full-year outlook. Reported revenues declined 1%. Before currency, revenues grew 1% Excluding...




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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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