RECENT NEWS  4 hrs ago  Comment 
WASHINGTON (dpa-AFX) - The dollar is down against its major European rivals Tuesday afternoon and is paring its early gains against the Japanese Yen. Early strength in the U.S. currency began to fade following the release of the greater than...
The Economic Times  4 hrs ago  Comment 
This time most of the newly demonetised currency notes will reach the yards of Western India Plywood (WIPL) on the banks of Valapattanam river in Kannur, Kerala, for pulping.
New York Times  5 hrs ago  Comment 
With money surging out of China, the Chinese central bank makes it harder for Chinese customers of banks to complete overseas transfers.
The Economic Times  5 hrs ago  Comment 
Bankers have been making several trips to the central bank’s headquarters in Mumbai to get a sense of whether currency availability will improve.
The Hindu Business Line  7 hrs ago  Comment 
The accounts opened under Pradhan Mantri Jan Dhan Yojna (PMJDY) are gaining ground among regional rural banks (RRBs), thanks to the demonetisation of ₹500 and ₹1,000 currency notes. RRBs are spons...
The Hindu Business Line  7 hrs ago  Comment 
Bank unions have demanded that Reserve Bank of India come out with details of value of old notes deposited in the central bank (by the public), the value of new notes released by the regulator (for ...  8 hrs ago  Comment 
Venezuela's currency continues to collapse.
The Hindu Business Line  10 hrs ago  Comment 
Terming the ongoing currency crisis as a “national calamity”, Andhra Pradesh Chief Minister N Chandrababu Naidu today called for collective and coordinated efforts to tide over it. A day after he p...
MarketWatch  10 hrs ago  Comment 
The U.S. dollar weakens against many of its major rivals on Tuesday, pulling back from earlier gains.
The Economic Times  10 hrs ago  Comment 
While 28 per cent indicated they were yet to deposit their old currency, approximately 60 percent indicated that they have already deposited.


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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