RECENT NEWS
MarketWatch  7 hrs ago  Comment 
The U.S. dollar strengthened against its major rivals on Wednesday, advancing for a second straight day as investors continued to bet that a strengthening economy and higher inflation would support the currency.
The Economic Times  8 hrs ago  Comment 
China’s markets are seeing renewed pressure as the Fed projects a faster pace of rate hikes for 2017 and its Chinese counterpart tightens monetary conditions.
The Economic Times  9 hrs ago  Comment 
The local currency snapped its two-day winning streak on Tuesday and closed 32 paise down at 68.05 against the US currency.
The Hindu Business Line  9 hrs ago  Comment 
The Hindu Business Line  9 hrs ago  Comment 
Currency daily report for Dec 28, 2016 by Veracity Financial Services ...
The Economic Times  Dec 28  Comment 
The value of scrapped currency dashed the hope that as much as Rs 3 lakh crore will not be returned as this would be part of black money hoards.
newratings.com  Dec 27  Comment 
NEW DELHI (dpa-AFX) - It's been over a month since India embarked on a dramatic move of invalidating currency notes of 500- and 1,000-rupee denominations, which accounted for over 85 percent of those in circulation, to purge its economy...
The Economic Times  Dec 27  Comment 
Modi’s decision to drain 86 per cent of currency in circulation stalled spending and caused a political stalemate on a landmark sales-tax reform.
MarketWatch  Dec 27  Comment 
The U.S. dollar gained slightly against its major rivals on Tuesday, as expectations for stronger economic growth and higher interest rates continued to support the domestic currency.
The Hindu Business Line  Dec 27  Comment 
Currency daily report for Dec 27, 2016 by Veracity Financial Services ...
The Hindu Business Line  Dec 26  Comment 
Prime Minister Narendra Modi will chair a meeting with experts at NITI Aayog today. The meeting comes against the backdrop of currency crunch post demonetisation. The focus is likely to be on driving...




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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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