RECENT NEWS
Clusterstock  58 min ago  Comment 
In recent months, China has stepped up a longstanding campaign for its currency (officially called the renminbi [RMB] but also referred to as the yuan), to be included as a part of the composition of the International Monetary Fund’s (IMF’s)...
Motley Fool  1 hr ago  Comment 
The medical waste-disposal specialist delivered much stronger-than-expected revenue growth.
Wall Street Journal  2 hrs ago  Comment 
The bright side of a currency decline is supposed to be rising exports. But in key emerging markets around the world, that isn’t happening.
Agrimoney.com  6 hrs ago  Comment 
Brazilian news drove the soft market, while weak export data weighed on soybeans, and wheat rose on Canadian dryness
The Hindu Business Line  8 hrs ago  Comment 
‘Despite wage hikes, currency volatility margins are good’
Benzinga  8 hrs ago  Comment 
Snap-on Incorporated (NYSE: SNA) reported second-quarter earnings earlier on Thursday. EPS for the quarter came at $2.03, beating analysts' estimates of $1.97. Nicholas Pinchuk, Snap-On CEO, was on CNBC recently to weigh in on the earnings and...
Forbes  8 hrs ago  Comment 
On July 14, Canada’s central bank cut benchmark interest rates by 25bps for the second time this year, and slashed its growth forecast for 2015. The bank now expects GDP growth to be 1.1% Y/Y this year, down from its 1.9% forecast in April. That...
The Times of India  8 hrs ago  Comment 
Adani Ports and Special Economic Zone Ltd (APSEZ) today raised $650 million (around Rs 4,100 crore) via its debut dollar bond issue and the proceeds will be used to refinance foreign currency denominated debts and fund capital expenditure.
MarketWatch  9 hrs ago  Comment 
New Zealand policy makers voted to cut their benchmark interest rate. But instead of falling, the New Zealand dollar moved higher.
The Economic Times  Jul 23  Comment 
Emerging equities fell 0.4 per cent to nearly a two-week low, with the index now 3 per cent down on the year.




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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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