RECENT NEWS
Financial Times  3 hrs ago  Comment 
Sterling rises to best level in a month after strong retails sales data for February
MarketWatch  8 hrs ago  Comment 
An exchange that would have listed the first exchange-traded fund to track the price of the digital currency bitcoin is formally objecting to a regulatory decision rejecting the idea.
Mondo Visione  12 hrs ago  Comment 
The European Bank for Reconstruction and Development (EBRD) and the Central Bank of Armenia (CBA) are hosting a conference in Yerevan today to discuss strengthening the local capital market and increasing local currency lending. The event...
The Hindu Business Line  Mar 23  Comment 
A Parliamentary panel has decided to summon Reserve Bank Governor Urjit Patel again to explain how much of the junked currency has been deposited in banks following te note-ban and the progress made ...
The Economic Times  Mar 23  Comment 
UBS strategists are calling for Norway's krone to languish near its lowest level in four months against the euro.
The Times of India  Mar 23  Comment 
ASIA-FOREX/EMERGING (UPDATE 1):EM ASIA FX-Most Asian currencies dip as investors grow cautious on Trump's health bill
The Hindu Business Line  Mar 23  Comment 
New York authorities has granted a licence to Coinbase to trade in two additional virtual currencies, expanding the company’s services which already included Bitcoin starting in January. The Calif...
The Times of India  Mar 23  Comment 
The rupee strengthened by 5 paise to 65.39 per dollar in early trade on Thursday on some selling of the US currency by exporters and banks. Stock markets opening with gains also boosted the domestic currency, dealers said.
The Times of India  Mar 22  Comment 
FRANCE-ELECTION/LEPEN-CHAD:France's Le Pen calls for end to "Francafrique" relations, CFA franc currency
Financial Times  Mar 22  Comment 
Single currency is drawing support from a number of factors and is up 2.6% this month




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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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