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Clusterstock  29 min ago  Comment 
President Donald Trump on Thursday described China as a "grand champion" in currency manipulation.  In an interview with Reuters, he also said China could easily resolve tensions with North Korea if it wanted to.  China has been trying to...
MarketWatch  2 hrs ago  Comment 
The Mexican peso strengthened against the dollar on Thursday after several top Trump administration officials stressed the importance of maintaining positive relations with the U.S.'s southern neighbor. The peso strengthened early in the day, part...
Clusterstock  2 hrs ago  Comment 
Bitcoin hit a record high of $1,162 on February 23, nearly two months after hitting its previous high of $1,161 on January 5. A year and a half ago, the idea of buying the virtual currency bitcoin at that price was laughable. After a rapid...
Mondo Visione  6 hrs ago  Comment 
Initial Examinations for Compliance With Final Rule Establishing Margin Requirements for Non-Cleared Swaps and Non-Cleared Security-Based Swaps Summary The Office of the Comptroller of the Currency (OCC) is providing guidance...
Forex News  7 hrs ago  Comment 
The Australian dollar dipped intraday, but the losses were short-lived, and the currency has climbed above the opening level by now. Other commodity currencies, like the Canadian and New Zealand dollar, demonstrated the similar...
Clusterstock  8 hrs ago  Comment 
A new signature is coming to your dollar bills. In addition to talking about tax reform, economic growth, and the stock market in an interview with CNBC, the new Treasury secretary, Steven Mnuchin, on Thursday debuted his signature that will be...
Reuters  11 hrs ago  Comment 
South Africa's Standard Bank said on Thursday it was engaging with the Competition Commission about an investigation into alleged rigging of rand currency trading and had not suspended any employees to date.
Clusterstock  Feb 23  Comment 
LONDON — The Bank of England gave a robust defence of London's euro clearing business, saying it offered lower costs and greater financial stability over plans to move it to continental Europe after Brexit. John Cunliffe, deputy governor of...
The Economic Times  Feb 23  Comment 
The South Korean won rose 0.4 per cent to 1,138 per dollar, edging back in the direction of a three-month high of 1,133 set last week.




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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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