RECENT NEWS
Financial Times  5 hrs ago  Comment 
Single currency ends week on a steadier note after ECB minutes prompted bout of selling
The Economic Times  7 hrs ago  Comment 
Dimension of the banknote will be 66 mm x 135 mm. All the Rs 50 banknotes issued by RBI in the earlier series will continue to be legal tender.
MarketWatch  7 hrs ago  Comment 
The greenback is trending lower as investors digest the terror attack in Barcelona and political events at home.
The Economic Times  Aug 18  Comment 
On the week, though, the won gained 0.2 percent, snapping three weeks of losses.
Clusterstock  Aug 18  Comment 
Bitcoin is more or less flat against the dollar on Friday as the cryptocurrency's week-long rally pauses. Bitcoin charged past $4,400 a coin on Thursday, setting a new record high in the process. Bitcoin dipped in early trade on Friday as much...
The Hindu Business Line  Aug 18  Comment 
Currency daily report for August 18, 2017 by Veracity Financial Services ...
Financial Times  Aug 17  Comment 
Rise of single currency complicates central bank’s efforts to hit inflation target
MarketWatch  Aug 17  Comment 
The U.S. dollar weakens against traditional haven currencies following a day of negative headlines, including a terror attack in Spain.
Clusterstock  Aug 17  Comment 
Bitcoin is posting new record highs on Thursday, continuing its recent bull run. The cryptocurrency is down 1.51% to $4,451.00 at 11.20 a.m. BST (6.20 a.m. ET). That marks a new high for the currency, which has been on a tear since breaking...




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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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