RECENT NEWS
newratings.com  Jul 29  Comment 
WASHINGTON (dpa-AFX) - The dollar is falling against all of its major competitors Friday afternoon, after the U.S. GDP report for the second quarter came in weaker than anticipated. The U.S. currency is turning in its weakest performance against...
New York Times  Jul 29  Comment 
Lee Saunders, president of one of the biggest unions in the United States, has become an increasingly important voice in Washington. But that may no longer have the same currency it once did.
The Economic Times  Jul 29  Comment 
NTT Docomo has objected and said that RBI rules only pertain to payment of hard foreign currency to any party outside India.
The Economic Times  Jul 29  Comment 
NTT Docomo has objected and said that RBI rules only pertain to payment of hard foreign currency to any party outside India.
Benzinga  Jul 29  Comment 
Revlon Inc (NYSE: REV) reported net sales of $488.9 million for the second quarter representing an increase of 1.3 percent from the last year same quarter. Excluding the impact of foreign currency, its sales would have recorded a growth of 3.5...
newratings.com  Jul 29  Comment 
LONDON (dpa-AFX) - Laird PLC (LRD.L, LARD.L) reported statutory profit before tax of 6.2 million pounds for the 6 months ended 30 June 2016 compared to 21.6 million pounds, previous year. Profit to equity shareholders of the parent company...
Clusterstock  Jul 29  Comment 
This story was delivered to BI Intelligence "Payments Briefing" subscribers. To learn more and subscribe, please click here. After decreases in transaction volume from a major client created hiccups earlier in the year, point-of-sale (POS)...
Reuters  Jul 28  Comment 
* For q3 2016, management anticipates that local currency sales growth will be in range of 5% to 6%
The Hindu Business Line  Jul 28  Comment 
Weak dollar and strong foreign money inflows are limiting the downside in the currency
Financial Times  Jul 28  Comment 
Shares rise 14% as aero-engine maker maintains guidance despite Brexit hitting currency hedge




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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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