RECENT NEWS
newratings.com  5 hrs ago  Comment 
CANBERA (dpa-AFX) - The U.S. dollar extended its weakness against the other major currencies in the early European session on Tuesday amid risk appetite, as market participants diverge on U.S. rate hike prospects this year. Meanwhile, a dearth of...
Forex News  7 hrs ago  Comment 
The Great Britain pound was relatively firm during the Tuesday’s trading session. Analysts offer various explanations for the currency’s good performance. Some experts speculated that short sellers were taking profits after the huge slump...
MarketWatch  8 hrs ago  Comment 
The dollar slipped against most major currencies on Tuesday as investors sat on their hands ahead of a speech by Federal Reserve Chairwoman Janet Yellen that’s expected to shed some light on the near-term fate of U.S. interest rates.
Financial Times  8 hrs ago  Comment 
Haven currency’s calm after Brexit vote shows how policymakers are suppressing volatility
The Hindu Business Line  10 hrs ago  Comment 
The rupee was trading strong at 67.04 in the evening session on heavy selling of the American currency by exporters. Besides, the dollar’s weakness against some currencies overseas supported the ru...
The Economic Times  Aug 23  Comment 
Bonds slip & stocks end marginally lower as prospects of rapid rate cuts evaporate but currency market players relieved.
Wall Street Journal  Aug 23  Comment 
Shares in Asia were mixed, as oil prices fell and the U.S. dollar weakened ahead of a key meeting of Federal Reserve officials and other central bankers later this week in Jackson Hole.
MarketWatch  Aug 22  Comment 
Lindsay Lohan is reportedly making big demands for an appearance — including one that might have currency traders scratching their heads.
MarketWatch  Aug 22  Comment 
The public has found the perfect sounding board to vent its policy frustrations
The Economic Times  Aug 22  Comment 
The local currency on Friday tumbled by 24 paise to close at three-week low of 67.05 against dollar on sustained demand for the US currency from banks.




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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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