RECENT NEWS
The Hindu Business Line  6 hrs ago  Comment 
Difficulty in breaching 64 increases the possibility of the currency weakening
Benzinga  9 hrs ago  Comment 
The price of the digital currency bitcoin hit a new all-time high on Monday of close to $2,200. As such, the lucky few (if any) who bought $100 worth of bitcoin seven years ago to the day at a cost of $0.003 cents each are now sitting on a vast...
MarketWatch  12 hrs ago  Comment 
The euro rose against the dollar on the back of comments by German Chancelor Angela Merkel, who blamed the European Central Bank policies for making the single currency “too weak.”
Financial Times  May 22  Comment 
Rome agrees with French suggestions to improve working of single currency area
The Hindu Business Line  May 22  Comment 
Currency daily report for May 22, 2017 by Veracity Financial Services ...
Forex News  May 20  Comment 
The US dollar has ended the week as the weakest major currency as controversies surrounding US President Donald Trump erased the appeal of the currency to investors, driving the greenback to the lowest level since Trump became...
The Hindu Business Line  May 19  Comment 
Non-cash transactions among customers of SBI have seen an increase since the Centre announced its policy to demonetise higher-denomination currency in November last year.Available figures suggest tha...
Financial Times  May 19  Comment 
US currency wipes out all gains since November election after sacking of FBI director
MarketWatch  May 19  Comment 
The U.S. dollar falls on Friday, dropping to its lowest level since November, against its main rivals as it extended its weakness stemming from political uncertainty emanating out of Washington.
Financial Times  May 18  Comment 
Nearly 8% wiped off nation’s currency following corruption allegations




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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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