RECENT NEWS
The Economic Times  3 hrs ago  Comment 
Fitch Ratings has affirmed India's Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs) at 'BBB-'.
The Economic Times  6 hrs ago  Comment 
Slew of data set to be released including February's factory output data due later in the day and consumer price inflation data next week kept traders cautious.
FX Street  7 hrs ago  Comment 
The week is drawing to a close with focus very much away from currency markets. Equities in Asia... For more information, read our latest forex news and reports.
The Economic Times  7 hrs ago  Comment 
The outstanding net forward dollar sales came down to $31.32 billion in February from $31.85 billion in January, according to the bulletin.
The Economic Times  7 hrs ago  Comment 
On the margin front given that the rupee has by and large been stable, so we do not expect any major currency movements to help margins.
FX Street  7 hrs ago  Comment 
FX Moody’s has revised the outlook on Turkey’s Baa3 foreign currency long-term government rating to... For more information, read our latest forex news and reports.
FX Street  8 hrs ago  Comment 
For more information, read our latest forex news and reports.
The Hindu Business Line  9 hrs ago  Comment 
The rupee fell 28 paise to 60.35 against the US dollar in the opening trade today due to demand for the American currency from importers and a weak Asian currency and equity market. Yeste...
Bloomberg  11 hrs ago  Comment 
6:43 Asian currencies were headed for...
newratings.com  12 hrs ago  Comment 
BRUSSELS (dpa-AFX) - The European currency strengthened against the pound in the early Asian session on Friday. The euro advanced to an 8-day high of 0.8287 against the British currency, up almost 0.2 percent from yesterday's closing quote...




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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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