RECENT NEWS
MarketWatch  2 hrs ago  Comment 
The dollar eases against major rivals Friday and was on track to finish the week just below where it stood last Friday, enough to tally the first weekly drop in three.
Reuters  4 hrs ago  Comment 
Digital currency bitcoin jumped to a record high above $1,200 on Friday, as investors speculated the first bitcoin exchange-traded fund (ETF) to be issued in the United States is set to receive regulatory approval.
Clusterstock  4 hrs ago  Comment 
Ann Pettifor, leading economist and author of "The Production of Money" told Business Insider that bitcoin is flawed as money because it is a "finite asset." Speaking about the origins and usage of bitcoin, she said: "Bitcoin was invented by...
Clusterstock  6 hrs ago  Comment 
LONDON — Research labs focusing on blockchain technology are being opened up at the University of Edinburgh and the Tokyo Institute of Technology, sponsored by one of the cofounders of cryptocurrency Ethereum. IOHK, a Hong Kong-based...
newratings.com  7 hrs ago  Comment 
BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - Micro Focus International plc (MCFUF.PK, MCRO.L) announced its Board reconfirmed the full year revenue guidance for the Group for the financial year ending 30 April 2017 as a decline of 0% to minus 2% when...
The Times of India  7 hrs ago  Comment 
The International Monetary Fund, this week in its annual report on India, projected the growth to slow to 6.6 per cent in 2016-17 fiscal due to "temporary disruptions" caused by the demonetisation of high-value currency notes in November.
newratings.com  8 hrs ago  Comment 
BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - European stocks look set to open higher on Friday after French presidential candidate Emmanuel Macron outlined his economic plan that includes corporate tax cuts and public sector redundancies. Investors may...
Reuters  8 hrs ago  Comment 
India's economy is expected to have slowed sharply to a near three-year low in the final three months of 2016, as demand wilted following Prime Minister Narendra Modi's surprise decision to ban high-value currency notes, a Reuters poll of...
The Economic Times  10 hrs ago  Comment 
On Thursday, the 30-share index of BSE rose 28 points to end at 28,892 after a selloff amid expiry of derivatives contracts pared early gains.




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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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