RECENT NEWS
The Hindu Business Line  Jul 22  Comment 
The value of spice exports rose 9 per cent by value in fiscal year 2015-16, over the previous year, despite a 6 per cent decline in quantity.The increase in value is attributed to favourable currency...
Euromoney  Jul 22  Comment 
The fixed-income sales and trading business of the big US banks took a bath in the first quarter of this year, with revenues down by between 10% and 40%. But although not immune from market and geopolitical upheaval, the second quarter could not...
Clusterstock  Jul 22  Comment 
The Nigerian naira just dipped past 300 per dollar for the first time ever. The currency weakened by 2.3% to 300.25 per dollar around 8:41 a.m. ET, according to data from Bloomberg. The naira is trading around 296.50 per dollar as of 9:51 a.m....
The Economic Times  Jul 22  Comment 
The yen bounced back to 105.88 yen per dollar from 107.49, its six-week low against the U.S. currency touched on Thursday.
newratings.com  Jul 22  Comment 
NEWBURY (dpa-AFX) - Vodafone Group Plc (VOD, VOD.L) reported Friday that its first-quarter group revenues declined 4.5 percent to 13.38 billion euros from last year's 14.01 billion euros. The decline mainly reflected a 5.3 percentage point...
Yahoo  Jul 22  Comment 
China’s weakening currency has triggered an increase in the amount of cashing leaving the country, according to analysis by Goldman Sachs Group Inc.
MarketWatch  Jul 22  Comment 
The dollar ended the week at its highest level since early March, as weak data from Europe softened the pound and the euro, while the yen retreated from a strong rally a day earlier.
The Economic Times  Jul 22  Comment 
The Chinese currency has appreciated about 5 per cent in the last five years compared with the Indian currency, which has depreciated about 45-50 per cent.
The Hindu Business Line  Jul 22  Comment 
Currency daily report for July 22, 2015 by Veracity Financial Services ...




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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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