RECENT NEWS
The Economic Times  3 hrs ago  Comment 
The minister said the value of the currency is only one factor and Indian exporters have learnt to take into account currency fluctuations.
Financial Times  4 hrs ago  Comment 
Investors are asking whether snap election surge marks the start of a sustained recovery
MarketWatch  4 hrs ago  Comment 
The euro popped up to a three-week high against the dollar Thursday, after a poll indicated French centrist presidential candidate Emmanuel Macron was holding to a lead in what’s set to be a tight race on Sunday.
The Economic Times  9 hrs ago  Comment 
The dollar index, which tracks the US currency against a basket of six major rivals, edged up 0.1% to 99.781.
New York Times  Apr 20  Comment 
A report by the bank’s federal regulator, the Office of the Comptroller of the Currency, faulted its supervision of Wells Fargo as “untimely and ineffective.”
Forex News  Apr 19  Comment 
The US dollar rallied today, though the gains were limited as rising geopolitical tensions were not adding to the appeal of the currency, despite its role as a safe haven. Analysts described today’s gains of the greenback...
The Hindu Business Line  Apr 19  Comment 
Will help in recovery of rural growth post the demonetisation-led currency crunch
MarketWatch  Apr 19  Comment 
The dollar advanced on Wednesday, but briefly surrendered some of its gains in afternoon trading after a report from the Federal Reserve suggested the outlook for the U.S. economy isn’t as rosy as it was earlier in the year.
Yahoo  Apr 19  Comment 
U.S. President Donald Trump is "absolutely not" trying to talk down the strength of the dollar, Treasury Secretary Steven Mnuchin was quoted as saying in the Financial Times on Wednesday. Trump said last week in an interview with the Wall Street...




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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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