RECENT NEWS
The Economic Times  5 hrs ago  Comment 
Commerce and industry minister Nirmala Sitharaman implicitly backed a stronger rupee.
CNNMoney.com  Apr 28  Comment 
Your money is about to get a new look.
The Hindu Business Line  Apr 28  Comment 
Cholamandalam SecHexaware Tech(Marketperformer)CMP: ₹229.20Target: ₹240In 1QCY17, Hexaware Technologies reported robust revenue growth of 4.2 per cent q-o-q to $144.8 million. Constant Currency reve...
Benzinga  Apr 28  Comment 
The Conference of State Bank Supervisors is taking the U.S. Office of the Comptroller of Currency to court, challenging the OCC’s authority to grant charters to financial technology, or “fintech,” companies. The CSBS argues financial...
Mondo Visione  Apr 28  Comment 
Comptroller of the Currency Thomas J. Curry today discussed the state of financial innovation and its potential to improve the lives of ordinary Americans and the bottom lines of businesses. During the remarks at an event sponsored by...
Financial Times  Apr 28  Comment 
Central bank easing 0.5% suggests concern about effect of strong currency on economy
The Economic Times  Apr 28  Comment 
The MSCI Emerging Markets Currency Index has fallen in May in the six of the past seven years.
The Hindu Business Line  Apr 28  Comment 
Currency daily report for April 28, 2017 by Veracity Financial Services ...
The Hindu Business Line  Apr 28  Comment 
The rupee lost further ground today and finished lower by 8 paise at 64.24 a dollar on sustained month—end demand for the US currency from importers and banks. Currency traders preferred to stay on...




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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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