RECENT NEWS
The Economic Times  37 min ago  Comment 
Two-wheeler major Bajaj Auto is witnessing some selling pressure on concerns that exports to Nigeria will be hit following devaluation of Nigerian currency.
Financial Times  2 hrs ago  Comment 
Sydney’s S&P/ASX 200 jumps as Aussie falls back
Forex News  4 hrs ago  Comment 
The Australian dollar rallied today even as central bank’s officials continued to complain about the excessive strength of the currency. The Aussie was down during two previous trading sessions. Today’s trading may be choppy because...
Bloomberg  6 hrs ago  Comment 
Australia’s dollar traded 0.3 percent from a four-year low after central bank Deputy Governor Philip Lowe said yesterday the currency will probably depreciate in line with commodity export prices.
Forex News  7 hrs ago  Comment 
The euro bounced today after the initial drop as some economic indicators released from the United States were not as good as dollar bulls were hoping for, reducing the shine of the US currency.(...)Read the rest of Euro Bounces as US...
MarketWatch  8 hrs ago  Comment 
Surprisingly weak consumer confidence data pushes the dollar lower against the yen, euro and pound Tuesday as investors worry that consumers might be tamping down spending ahead of the holiday shopping season.
BBC News  Nov 25  Comment 
Nigeria has devalued the naira, saying a drop in oil prices has been making it hard to defend its currency.
MarketWatch  Nov 25  Comment 
The Australian dollar tumbled to a four-year low as a central banker emphasized the benefits of a weaker aussie for the Australian economy.
Forbes  Nov 25  Comment 
Cryptocurrencies such as Bitcoin, Dogecoin, Ripple and Litecoin offer some security advantages. But there are risks too. Stanford Business School professor Susan Athey explains.




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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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