RECENT NEWS
Agrimoney.com  7 hrs ago  Comment 
A shortage of foreign currency is holding back palm oil imports, delivering a bounty for local producer
Forbes  11 hrs ago  Comment 
With the latest drop in oil prices, speculation about a possible devaluation of Gulf currencies has picked up again. Saudi Arabia can probably withstand the pressure, but others look more vulnerable.
The Hindu Business Line  Mar 24  Comment 
Mark Boyle lived a moneyless life to understand the subterranean violence that consumer culture has imbued our lives with
The Times of India  Mar 24  Comment 
ASIA-FOREX/EMERGING (UPDATE 1):EM ASIA FX-Asian currencies inch lower, focus on U.S. healthcare vote
newratings.com  Mar 24  Comment 
CANBERA (dpa-AFX) - Antipodean currencies such as the Australian and the New Zealand dollars weakened against their major counterparts in the Asian session on Friday, as crude oil prices fell amid concerns that the OPEC's supply quota plan...
The Economic Times  Mar 24  Comment 
The little confidence people had left in the Caspian Sea nation's currency after it lost more than half its value in 2015 has been worn away by bouts of panic.
WA Business News  Mar 23  Comment 
The Australian dollar is lower against its US counterpart, and the yen and the euro, as the local currency underperforms while the greenback remains steady.
Financial Times  Mar 23  Comment 
Sterling rises to best level in a month after strong retails sales data for February
The Times of India  Mar 23  Comment 
The rupee strengthened by 5 paise to 65.39 per dollar in early trade on Thursday on some selling of the US currency by exporters and banks. Stock markets opening with gains also boosted the domestic currency, dealers said.




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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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