RECENT NEWS
Benzinga  7 hrs ago  Comment 
December New York Coffee is trading at 141.60, up 0.15 cents/lb. New York coffee futures are little changed Friday morning after Thursday's move up. Market chatter about currency values and weather for global coffee producing areas is making...
The Economic Times  11 hrs ago  Comment 
Infosys had lowered its dollar revenue guidance to 10.5-12% in constant currency terms from its earlier forecast of 11.5-13.5% in July.
MarketWatch  12 hrs ago  Comment 
The pound tumbled Friday on reports that the U.K. could invoke Article 50 of the Lisbon Treaty during the first half of 2017, ahead of crucial elections in France and Germany.
Benzinga  Aug 18  Comment 
A split euro is the solution for Europe’s single currency. —Joseph Stiglitz. In an article published Wednesday, Nobel-prize winner Joseph Stiglitz tried to answer the question of what to do with the problems created by the euro — as the...
Financial Times  Aug 18  Comment 
Public spending cuts ordered after tugrik tumbles to record low against dollar
Clusterstock  Aug 18  Comment 
Another day, another crazy bitcoin story. This time: Users are being warned that an upcoming release of digital currency could be targeted by "state-sponsored hackers." Popular bitcoin information site Bitcoin.org has been updated with a...
newratings.com  Aug 18  Comment 
LONDON (dpa-AFX) - Home improvement retailer Kingfisher PLC (KGF.L) reported Thursday higher sales in its second quarter, with improved performance mainly in the UK, France, and Poland. Looking ahead, the company said it remains cautious on the...
The Hindu Business Line  Aug 17  Comment 
In the absence of fresh triggers, the currency may remain range-bound for some more time
Clusterstock  Aug 17  Comment 
One of the biggest drivers of Asian currencies in the coming months could be the weather. In a note out Wednesday, strategists at Deutsche Bank examined how the climate pattern La Niña could affect Asian economies, and how a pass-through effect...




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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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