WA Business News  2 hrs ago  Comment 
The Australian dollar is lower after short-sellers took profits as the currency neared 77 US cents.
Mondo Visione  3 hrs ago  Comment 
The Office of the Comptroller of the Currency (OCC) today announced it will establish an office dedicated to responsible innovation and implement a formal framework to improve the agency’s ability to identify, understand, and respond to...
Forex News  4 hrs ago  Comment 
The Canadian dollar was under pressure during the Wednesday’s trading session as falling oil prices and concerns about potential monetary easing from the Bank of Canada made the currency not particularly attractive. Performance...
The Hindu Business Line  7 hrs ago  Comment 
Says unscrupulous elements putting fake notes of higher denomination into circulation
The Hindu Business Line  7 hrs ago  Comment 
The currency has been unaffected by the sharp surge in the dollar index  10 hrs ago  Comment 
BRUSSELS (dpa-AFX) - The pound traded higher against its key counterparts in the European session on Wednesday, as hopes for further rate cut by the Bank of England faded after Governor Mark Carney remarks that the recent sharp depreciation of the...
Clusterstock  Oct 26  Comment 
Correctly rating the value of the pound has become almost impossible since Britain's vote to leave the EU, according to new research circulated by Goldman Sachs. Writing in a note titled  "What is Fair Value for the British Pound?" — Goldman...
Financial Times  Oct 26  Comment 
Japanese group says currency woes offset boost from hit game
The Hindu Business Line  Oct 26  Comment 
In a restricted trade, the rupee today ended almost flat at 66.83, a marginal 1 paisa drop against the American currency, amid month-end dollar demand from importers. The domestic currency opened s...
MarketWatch  Oct 26  Comment 
Shares in Asia closed broadly lower, with Australian stocks hurt by a strengthening local currency.


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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