RECENT NEWS
CNNMoney.com  2 hrs ago  Comment 
China's huge cash stockpile has taken another hit.
newratings.com  3 hrs ago  Comment 
ANKARA (dpa-AFX) - The Turkish Lira firmed against the U.S. dollar in European deals on Wednesday, after the government authorities stepped in to stem a rapid fall of the currency. In a statement, Turkish defence ministry said it has converted...
Reuters  4 hrs ago  Comment 
China's central government has launched a 150 billion yuan ($21.79 billion) fund designed to support investments offshore by Chinese companies as well as the country's so-called...
Reuters  5 hrs ago  Comment 
Indian banks have so far received roughly 11.5 trillion rupees ($169.45 billion) in discontinued currency since the government decided to abolish high value bank notes last month, RBI deputy governor R. Gandhi said on Wednesday.
Reuters  8 hrs ago  Comment 
REUTERS - Indian shares edged up on Wednesday on hopes the central bank would cut interest rates later in the day as Prime Minister Narendra Modi's currency gamble threatens to hit nearly every aspect of the economy, from consumers to supply chains.
MarketWatch  9 hrs ago  Comment 
The dollar was almost flat on Wednesday, as a stalled U.S. Treasury yield move left the currency market with little fresh near-term direction ahead of policy-setting meetings of the European Central Bank on Thursday and the Federal Reserve next week.
Reuters  11 hrs ago  Comment 
Sensex is expected to rise next year but it may not scale record highs predicted a few months back, a Reuters Poll showed, mainly because Prime Minister Narendra Modi's shock currency ban is seen knocking economic growth in the next few quarters.
Financial Times  11 hrs ago  Comment 
Depreciating the currency should have benefits, but it will cause pain for owners of dollar debt
MarketWatch  Dec 6  Comment 
The U.S. dollar strengthened on Tuesday, but moved in a narrow range, as investors made bets ahead of a pair of influential central-bank policy meetings in the coming days.




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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 or floating rate 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 a floating rate regime, supply and demand dictates the currency's exchange rate.

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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