RECENT NEWS
The Hindu Business Line  5 hrs ago  Comment 
So far, the currency market has been quite resilient to the Greek saga. But the week ahead may be critical
newratings.com  Jun 26  Comment 
WASHINGTON (dpa-AFX) - The dollar is posting modest gains against its major competitors at the end of the week, after consumer sentiment for June came in better than expected. The gains in the U.S. currency have been muted as investors remain...
The Economic Times  Jun 26  Comment 
Greek debt talks left currency markets in tight ranges while policymakers traded barbs in Brussels over the latest proposal for working out a debt deal
Benzinga  Jun 26  Comment 
Coffee futures are trading very choppy Friday. September Coffee is trading at 135.80, up 0.60. Market chatter about currency values and a slight global production deficit has kept both buyers and sellers active on Friday. Market talk about some...
Benzinga  Jun 26  Comment 
The Hindu Business Line  Jun 26  Comment 
Currency midday update for June 26, 2015 by Mecklai Financial ...
The Hindu Business Line  Jun 26  Comment 
The rupee continued its weakening trend for the fourth straight session by losing another two paise to 63.64 per dollar in a range—bound trade on month—end demand for the American currency...
MarketWatch  Jun 25  Comment 
The dollar is on track for its first quarterly loss in a year, but with a Fed rate hike in sight, there’s a solid bull case for the U.S. currency over the next half year, says Jim McCormick, head of asset allocation research at Barclays.
The Economic Times  Jun 25  Comment 
With an enhanced security feature, currency notes of Rs 100 denomination would now come with numerals in ascending size in the number panels, Reserve Bank said.
The Economic Times  Jun 25  Comment 
RBI has urged citizens to deposit the old designed currency notes in their bank accounts or exchange them at a bank branch convenient to them.
MarketWatch  Jun 25  Comment 
The dollar weakens slightly against most of its rivals on Thursday, but remains on track to finish the week with modest gains.




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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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