RECENT NEWS
The Hindu Business Line  18 min ago  Comment 
Authorised dealers/ full-fledged money changers selling pre-paid foreign currency cards for travel purposes have to comply with the same rigorous standards of due diligence and Know-Your-Customer...
Bloomberg  3 hrs ago  Comment 
The pound declined the most in four months against the dollar this week as a rally that made it the best-performing currency in the past year was deemed to be losing momentum.
MarketWatch  Jul 25  Comment 
Bitcoin and other virtual currencies can be volatile and fraud-prone, but you may still wind up using one soon.
StreetInsider.com  Jul 25  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/WPCS+%28WPCS%29+Stock+Gains%3B+Subsidiary+Launches+Digital+Currency+Product/9690553.html for the full story.
The Times of India  Jul 25  Comment 
The rupee today edged up by two paise to end at 60.10 against the American unit on dollar selling by exporters, helping the local currency log its first weekly rise in three.




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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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