RECENT NEWS
The Economic Times  4 hrs ago  Comment 
The rupee fell 3.1 per cent to 108.1 against the dollar at 2:29 p.m. local time on Wednesday.
Mondo Visione  9 hrs ago  Comment 
Brunei Darussalam and Singapore today celebrate the 50th Anniversary of the Currency Interchangeability Agreement. To commemorate this special occasion, Sultan Haji Hassanal Bolkiah, Sultan and Yang Di-Pertuan of Brunei Darussalam, and Mr Lee...
The Economic Times  11 hrs ago  Comment 
The local currency on Tuesday settled 14 paise up at 64.74 against the US currency.
TechCrunch  12 hrs ago  Comment 
 The acceptance of virtual currencies by both the Chinese and Japanese governments are driving cryptocurrency growth, with China on the cusp of establishing its own currency, and Japan regulating bitcoin as true legal payment. Read More
Japan Today  Jul 4  Comment 
Japan's top currency diplomat has been appointed for another one-year term in a regular finance ministry reshuffle, underscoring a desire to maintain policy consistency as Tokyo faces potentially…
Financial Times  Jul 4  Comment 
Dan McCrum explains how the Reserve Bank decision to keep cash interest rates at 1.5 per cent has caused a drop of the Australian currency
MarketWatch  Jul 4  Comment 
The U.S. dollar pared its loss against the yen Tuesday, with the greenback having been pushed lower as news of North Korea’s missile testing prompted haven bids for Japan’s currency.
The Hindu Business Line  Jul 4  Comment 
The Supreme Court today granted the Centre and the Reserve Bank of India two weeks to consider the option of granting a window to those who could not deposit their demonetised Rs 500 and Rs 1,000 cur...
The Hindu Business Line  Jul 4  Comment 
Currency daily report for July 4, 2017 by Veracity Financial Services ...




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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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