RECENT NEWS
Forbes  2 hrs ago  Comment 
The mighty buck edged higher against the euro on Tuesday thanks to improving retail sales data in the world’s largest economy, while a mixed German ZEW survey and European Central Bank (ECB) talk weighed on the 18-member single currency.
FX Street  2 hrs ago  Comment 
Outlook Bloomberg reports that many analysts think Draghi is engaging in “cheap talk” when... For more information, read our latest forex news and reports.
Forbes  2 hrs ago  Comment 
Coca-Cola reported a 4% drop in first quarter revenue and an 8% drop in net income Tuesday morning thanks to global factors like the devaluation of Venezuela's currency. But because the across-the-board declines weren't as bad as analysts were...
Channel News Asia  3 hrs ago  Comment 
Currency strategists are expecting the Singapore dollar to remain stable despite some weakening pressure from a strengthening US dollar.
FX Street  4 hrs ago  Comment 
Listen to the latest TV and Radio commentaries on the changing faces of the foreign currency... For more information, read our latest forex news and reports.
SeekingAlpha  4 hrs ago  Comment 
By Dean Popplewell: With the 18-member single currency sitting high and mighty, all Draghi has been capable of doing so far is basically re-open the "verbal intervention playbook" - buying time in the hope that an improvement will soon be seen on...
SeekingAlpha  4 hrs ago  Comment 
U.S. equity investors, acting like individual investors all over the globe, own portfolios that are almost exclusively domestic-oriented. Investors are seemingly avoiding the diversification benefits provided by low-correlating asset classes. The...
The Hindu Business Line  4 hrs ago  Comment 
Currency Daily report for April 15, 2014, by Veracity Financial Services...
newratings.com  6 hrs ago  Comment 
GLASGOW (dpa-AFX) - Temporary power services provider Aggreko Plc. (AGK.L, ARGKF.PK) Tuesday reported that its first-quarter revenues fell 4 percent, significantly impacted by adverse currency movements. On an underlying basis, excluding...
Yahoo  8 hrs ago  Comment 
Nestle (VTX:NESN) expects sales growth to pick up in the next few quarters after slowing to 4.2 percent in local currencies in the first, when unusually cold weather hit sales in North America and cost-conscious Europeans continued to opt for...




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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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