RECENT NEWS
The Economic Times  7 hrs ago  Comment 
Most merchants shower praises on officials at state-run banks in the vicinity as their ATMs are seen dispensing cash.
The Hindu Business Line  8 hrs ago  Comment 
Major Idukki growers are reportedly hesitating to sell their produce against the new ₹2,000 currency alleging that it might also be withdrawn after three years. Instead, they would prefer to keep th...
The Hindu Business Line  8 hrs ago  Comment 
Rahul Gandhi berates PM for currency ban, says it has only made people suffer
New York Times  9 hrs ago  Comment 
So-called fintech companies, which take deposits, make electronic payments or lend money, will be able to apply for bank charters from the Office of the Comptroller of the Currency.
Mondo Visione  10 hrs ago  Comment 
Comptroller of the Currency Thomas J. Curry today announced that the Office of the Comptroller of the Currency (OCC) would move forward with considering applications from financial technology (fintech) companies to become special purpose national...
Financial Times  11 hrs ago  Comment 
Comptroller of the currency wants to impose order on fast-growing and risky sector
The Economic Times  11 hrs ago  Comment 
The RBI monitors the requirement of notes on a regular basis and places the indent on the printing presses accordingly, said FM.
The Hindu Business Line  Dec 2  Comment 
Andhra Pradesh received ₹2,420 cr on Friday with the initiative of Chief Minister N Chandrababu Naidu to solve currency crisis. The Chief Minister made efforts to dispatch the currency from Reserve B...
The Economic Times  Dec 2  Comment 
RBI also said there is a perception that banks with currency chests are giving priority to their own branches to supply cash and asked them to quell the misinformation.
Reuters  Dec 2  Comment 
The Reserve Bank of India (RBI) is expected to cut interest rates next week and economists are set to chop growth and inflation forecasts after Prime Minister Narendra Modi's currency crackdown rattled the economy and severely hurt consumption, a...




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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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