RECENT NEWS
Motley Fool  2 hrs ago  Comment 
The IRS and federal government aren't playing around anymore.
MarketWatch  3 hrs ago  Comment 
The dollar advances early Thursday in New York, setting a popular gauge of the greenback’s strength on track for its first gain in five sessions as traders parsed the risk of a military attack in Syria against recent minutes that show that...
The Times of India  6 hrs ago  Comment 
On demonetisation, Rajan rejected the claim that the Reserve Bank of India had not been consulted by the government before it went on to declare 1,000 and 500-rupee currency notes as illegal tender in November 2016. He, however, reiterated that...
Mondo Visione  Apr 11  Comment 
The Federal Reserve Board and the Office of the Comptroller of the Currency (OCC) on Wednesday proposed a rule that would further tailor leverage ratio requirements to the business activities and risk profiles of the largest domestic...
Yahoo  Apr 11  Comment 
Ripple is investing $25 million worth of its digital currency, XRP tokens, in a blockchain-focused fund launched by Blockchain Capital.
New York Times  Apr 11  Comment 
Businesses are shutting down and throngs of people seeking dollars have been turned away at banks as the rial has dropped by 35 percent this week alone.
MarketWatch  Apr 11  Comment 
The No.1 digital currency, bitcoin trades little changed, shaking off geopolitical tensions.
Clusterstock  Apr 11  Comment 
The Russian ruble has been steadily declining against the dollar since last week, when the US Treasury Department announced sanctions on dozens of officials and entities with ties to the Kremlin.  But a falling risk premium could keep the...
MarketWatch  Apr 11  Comment 
Fundamentals in the foreign exchange market are once again overruled by headlines, as geopolitical risks and lingering trade war fears inform trading in the U.S. dollar and its rivals.
Financial Times  Apr 11  Comment 
Currency has shed almost 10% since last Friday




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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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