RECENT NEWS
Reuters  4 hrs ago  Comment 
Mergers and acquisitions (M&A) this year reached their highest first-quarter level since 2007, as companies defied headwinds such as currency and oil price...
The Economic Times  4 hrs ago  Comment 
Indian investors, predominantly the RBI, increased their holdings of US treasury securities to $91.2 bn in Jan, according to the latest US treasury data.
Mondo Visione  5 hrs ago  Comment 
Two former federal agents have been charged with wire fraud, money laundering and related offenses for stealing digital currency during their investigation of the Silk Road, an underground black market that allowed users to conduct illegal...
MarketWatch  7 hrs ago  Comment 
Anthem Vault readies the launch of a large-scale digital currency backed by gold.
Benzinga  10 hrs ago  Comment 
Digital currencies have earned a bad reputation over the past year as scams and illegal activities dominated the news coverage surrounding cryptocurrencies. From the mysterious collapse of the Mt. Gox exchange to the Silk Road trial, consumers...
The Economic Times  Mar 30  Comment 
China keeps a tight grip on the value of the yuan out of concerns that unpredictable currency inflows and outflows could harm the economy and weaken its financial control.
guardian.co.uk  Mar 30  Comment 
There is no winning scenario for the planet in an institutional divestment strategy, says Gerrit Heyns The fossil fuel protest leadership is well aware of the flaws in divestment as an investment strategy, but marches on hoping to gain public...
Benzinga  Mar 30  Comment 
In a report published Monday, Wedbush Securities analyst Steve Koenig reiterated a Neutral rating and $24.00 price target on Progress Software Corporation (NASDAQ: PRGS). In the report, Wedbush Securities noted, "We are reiterating our NEUTRAL...
Forex News  Mar 30  Comment 
Commodity currencies were on the back foot today as the US dollar continued to fight for dominance on the Forex market. The Australian currency was among losers falling for the fourth straight trading session against its US peer...
The Hindu Business Line  Mar 30  Comment 
Currency daily report for March 30, 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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