RECENT NEWS
The Economic Times  5 hrs ago  Comment 
Though new currency notes are out, bank branches are still not able to satiate cash requests. Most banks have set withdrawal limits much below the mark prescribed
The Hindu Business Line  8 hrs ago  Comment 
Former Union Minister and senior advocate Salman Khurshid said the Reserve Bank of India (RBI)’s reputation was at stake for not being communicative on concerns relating to the currency ban.“...the ...
Financial Times  Dec 29  Comment 
Even many of the currency’s backers warn that another sharp correction is likely to follow
The Economic Times  Dec 29  Comment 
The central government had demonetised Rs 500 and Rs 1,000 currency notes on November 8, sending the whole nation into a tizzy.
The Hindu Business Line  Dec 29  Comment 
Also refused to give any details about the time it will take to replenish the currency notes.
CNNMoney.com  Dec 29  Comment 
2016 has been a roller coaster of a year, and currency markets are no exception.
Clusterstock  Dec 29  Comment 
A new survey from FTSE 100-listed financial services firm Hargreaves Lansdown sheds light on just how much Brexit has flipped Britain's currency on its head. Hargreaves Lansdown asked a collection of "leading economists, strategists and fund...
MarketWatch  Dec 29  Comment 
The U.S. dollar weakened against its major rivals on Thursday, retreating in a thinly traded session as investors took profits following a rally that has taken the currency to multiyear highs.
The Hindu Business Line  Dec 29  Comment 
The Enforcement Directorate has arrested controversial lawyer Rohit Tandon here in connection with a money laundering probe in a case of seizure of Rs 13.6 crore after police raided a law firm premis...
newratings.com  Dec 28  Comment 
WASHINGTON (dpa-AFX) - The dollar climbed against its major rivals early Wednesday, ahead of the release of the pending home sales report. However, the buck has since pared its early gains after the unexpected drop in pending home sales for...




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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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