RECENT NEWS
Forex News  11 hrs ago  Comment 
The US dollar ended the week mixed but will likely end April as the weakest currency on the Forex market. The reason for the lackluster performance is the fact that many market participants no longer anticipate an early interest rate...
Clusterstock  Apr 24  Comment 
There's a new regulator in town. Daniel Roberts at Fortune reports that Benjamin Lawsky, superintendent of the New York Department of Financial Services, is putting the finishing touches on BitLicense, a policy that "will require digital...
Financial Times  Apr 24  Comment 
Disquiet over political interference helps weaken currency
Financial Times  Apr 24  Comment 
Exchange rates went against foreign investors during the past 12 months, though less so this year
Benzinga  Apr 24  Comment 
In a report published Friday, Cowen & Co analysts maintained a Market Perform rating on Dr Pepper Snapple Group Inc. (NYSE: DPS), with a price target of $80, after the company reported its 1Q15 results, Dr Pepper Snapple Group reported its core...
Forex News  Apr 24  Comment 
The Great Britain pound rallied against its major peers today, extending the upward move that has started at the beginning of the last week. The currency rose even though yesterday’s economic data from the United Kingdom was rather...
Forbes  Apr 24  Comment 
Facebook’s top-line rose by 42% to $3.54 billion during Q1 2015, which came in slightly below market expectations. In addition, the planned increased in expenses impacted profitability, with non-GAAP operating margin falling to 52% as compared...
Agrimoney.com  Apr 24  Comment 
The strong dollar proves a two-edged sword for Yara, which also highlights the dent to urea prices from booming Chinese exports
Yahoo  Apr 24  Comment 
China plans to take a giant step toward making the yuan more convertible by extending a pilot scheme allowing the currency to be traded with few restrictions to all its free trade zones, before taking the scheme nationwide later this year. The...
MarketWatch  Apr 24  Comment 
Another big impediment to a stronger dollar lies in two key central bank meetings next week.




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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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