RECENT NEWS
The Economic Times  3 hrs ago  Comment 
Some mid to large importing companies have too started buying currency covers after enjoying the luxury of taking unhedged positions for a month or two.
The Times of India  5 hrs ago  Comment 
Tokyo, May 23, 2016 (AFP) -The yen picked up Monday after the G7 wagged its finger at Japan over threats to weaken its currency, reminding Tokyo of previous commitments not to intervene in forex markets.
The Hindu Business Line  6 hrs ago  Comment 
Currency daily report for May 23, 2016 by Veracity Financial Services ...
The Australian  8 hrs ago  Comment 
The local currency is trading marginally lower as investors show caution ahead of investment data.
The Economic Times  11 hrs ago  Comment 
It’s dogging markets again — just as it did in the wake of the 2008 financial crisis — as investors come to terms with the distorting effects of central banks’ quantitative easing.
The Australian  May 22  Comment 
The local currency has slid toward US72c in quiet trade as investors wait on the next batch of key data.
The Economic Times  May 22  Comment 
The sudden volatility has triggered some arbitrage opportunities between offshore (non-deliverable forwards) and domestic markets.
TechCrunch  May 21  Comment 
 This week’s Technotopia features Haseeb Awan, founder of a YC bitcoins startup who is creating a new way to reduce currency volatility. Haseeb is pretty bearish on the current financial markets but he sees the growth of Asia and India as a...




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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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