RECENT NEWS
MarketWatch  2 hrs ago  Comment 
Weakness in Tokyo stocks prompting investors to buy the perceived safety of the Japanese currency.
Reuters  3 hrs ago  Comment 
The Indian rupee fell abruptly on Thursday after a television channel reported that the commerce ministry will propose a devaluation in the unit to promote dwindling exports, but trimmed losses after a finance ministry denial.
Agrimoney.com  Sep 14  Comment 
...but soybeans turn lower on lack of export demand, while sugar falls as the Brazilian currency weakens
Clusterstock  Sep 14  Comment 
This story was delivered to BI Intelligence "Fintech Briefing" subscribers. To learn more and subscribe, please click here. The US House of Representatives has passed a nonbinding resolution that highlights the positive potential impact digital...
The Hindu Business Line  Sep 14  Comment 
The currency may remain volatile ahead of the US Fed meeting next Wednesday
Reuters  Sep 14  Comment 
U.S. public pension funds are embracing currency hedging to bolster returns that have soured in the past year and to prevent further buffeting from extreme market movements.
Mondo Visione  Sep 14  Comment 
Ebury, the UK based fintech company, has increased its customer base by 50% in the last year, as well as seeing its lending volumes boosted by more than 2.5x. This rapid growth has been fuelled by its partnership with Avoka, the leader in digital...
Reuters  Sep 14  Comment 
Citigroup Inc expects its third-quarter market revenue to show a mid-single-digit percentage point rise from a year earlier on strength in interest rates and currency trading, Chief Financial Officer John Gerspach said on Wednesday.
MarketWatch  Sep 14  Comment 
The dollar weakened against most of its rivals on Wednesday as Treasury yields moved lower, diminishing demand for dollars among foreign investors.




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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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