RECENT NEWS
Financial Times  Aug 17  Comment 
Rise of single currency complicates central bank’s efforts to hit inflation target
Clusterstock  Aug 17  Comment 
Bitcoin is posting new record highs on Thursday, continuing its recent bull run. The cryptocurrency is down 1.51% to $4,451.00 at 11.20 a.m. BST (6.20 a.m. ET). That marks a new high for the currency, which has been on a tear since breaking...
The Economic Times  Aug 17  Comment 
Bitcoin, first instrument to use blockchain, has more than quadrupled in 2017.
Clusterstock  Aug 17  Comment 
LONDON — The pound is looking "extremely undervalued" against the euro, economists at UBS Wealth Management said. Writing to clients on Wednesday, Dean Turner said that if investors were to look beyond the noise created by Brexit talks they...
Financial Times  Aug 17  Comment 
Weak currency and low debt push groups to make big bets on prospecting
The Hindu Business Line  Aug 16  Comment 
Says no need for a full ban; Finance Ministry to work on norms to regulate them
MarketWatch  Aug 16  Comment 
The U.S. dollar weakens against its main rivals on Wednesday afternoon, erasing earlier gains, as traders reacted to a one-two punch of the dissolution of a pair of business advisory groups to the White House, and a dovish read of minute from the...




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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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