RECENT NEWS
The Hindu Business Line  3 hrs ago  Comment 
India has asked Nepal to lift the ban it has imposed on new Indian currency notes of ₹500/2,000 as a first step to mitigate the problems Nepal is facing due to the demonetisation drive announced by P...
The Hindu Business Line  6 hrs ago  Comment 
Gold and consumer durable loans witness steepest decline
The Economic Times  8 hrs ago  Comment 
Ind-Ra analysed 100 top foreign exchange borrowers with a total forex exposure of Rs 19.5 lakh crore and found that only 36% of this is hedged for currency shocks.
Flightglobal  11 hrs ago  Comment 
Budget carrier EasyJet expects the weakness in UK currency to have a 105 million ($131 million) impact on pre-tax profit for the current financial year.
The Times of India  Jan 24  Comment 
Responding to an RTI inquiry from Mumbai-based activist seeking to know the extent of fake currency found in demonetised notes of Rs 1,000 and Rs 500 deposited in banks till December 10, 2016, the RBI has said no information is available with it.
newratings.com  Jan 24  Comment 
VIENNA (dpa-AFX) - European stocks are seen opening on a steady note Tuesday even as concerns prevail about the early days of Donald Trump's administration. The dollar wallowed near seven-week lows against a basket of currencies after U.S....
Yahoo  Jan 24  Comment 
The dollar steadied on Tuesday, recovering from a dip on fears that U.S. President Donald Trump's focus on protectionism over fiscal stimulus suggested his administration might be content to gain a competitive advantage through a weaker currency....
SeekingAlpha  Jan 24  Comment 




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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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