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TechCrunch  2 hrs ago  Comment 
 Bitcoin allows people to build financial technology without asking for permission, but if New York state has its way, this won’t be the case for long. The New York Department of Financial Services released a series of proposed regulations...
The Hindu Business Line  3 hrs ago  Comment 
The new regulations for issuing long-term local currency bonds by banks are likely to improve their competitive positioning vis-à-vis housing finance companies (HFCs) and infrastructure finance co...
MarketWatch  5 hrs ago  Comment 
The U.K.'s Serious Fraud Office said Monday it has opened a criminal investigation into allegations of fraudulent conduct in the foreign-exchange market. The SFO hasn't named any companies being targeted in the probe. Last week, the head of the...
Market Intelligence Center  7 hrs ago  Comment 
The Fed’s taper act, and consequently, the outflow of cheap dollars from international markets, caused many currencies to slump badly against the U.S. dollar, while some had also bled double digits following the start of the taper.The slide led...
newratings.com  8 hrs ago  Comment 
BRUSSELS (dpa-AFX) - The European currency weakened against most major currencies in the European session on Monday amid risk aversion, as European stocks declined on worries over ongoing concerns in Ukraine and the Middle East. The U.K.'s...
Financial Times  9 hrs ago  Comment 
Currency started the week near a five-month low versus its US peer and chartists may argue it is looking to challenge support at the $1.3460/80 level
Financial Times  9 hrs ago  Comment 
Scottish affairs committee convinced no government could enter currency union without destroying their political and economic credibility
The Hindu Business Line  11 hrs ago  Comment 
Currency Midday Update for July 21, 2014, by Mecklai Financial ...
The Hindu Business Line  Jul 21  Comment 
Currency Daily report for July 21, 2014, by Veracity Financial Services
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China renminbi (RMB) is on track to become the third-largest international currency behind the US dollar and the euro within five years as the eastern nation accelerates promotion of its unit, say...




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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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