RECENT NEWS  38 min ago  Comment 
Politician acclaimed as a national hero for ensuring that Italy joined the single currency In Italy politicians are even more despised than elsewhere, but Carlo Azeglio Ciampi, president of the republic from 1999 to 2006, was one of the few who...
The Times of India  4 hrs ago  Comment 
The rupee failed to maintain its early strong gains and settled almost flat at 66.96 against the American currency in a highly volatile trade ahead of a crucial US Fed meeting. It hovered in a range of 66.86 and 66.98 during the day.
Reuters  6 hrs ago  Comment 
Oil prices bounced back from multi-week lows on Monday, hauling up world stock markets and commodity-linked currencies, on hints that producers were close to reaching an output deal.
MarketWatch  7 hrs ago  Comment 
The dollar is giving up ground it gained on Friday’s stronger-than-expected consumer prices, as investors get ready to batten the hatches ahead of the Fed and BOJ meetings.
The Hindu Business Line  Sep 19  Comment 
Currency daily report for Sept 19, 2016 by Veracity Financial Services ...
Equitymaster  Sep 19  Comment 
Posted by Equitymaster        The commerce ministry is concerned over the continuous slowdown in exports. Contracting for the second month in a row, India's merchandise exports fell 0.3% to USD 23.5 billion in August on persistent weak...
Reuters  Sep 19  Comment 
Oil prices bounced back from multi-week lows on Monday, hauling up world stock markets and commodity-linked currencies, on hints that producers were close to reaching an output deal.
The Hindu Business Line  Sep 18  Comment 
It will also boost tax compliance: SBI Deputy GM
Yahoo  Sep 17  Comment 
While more than half of all transactions in the US are electronic, there’s still a record $1.4 trillion in physical currency.
MarketWatch  Sep 16  Comment 
investors reluctant to take strong positions ahead of three-day weekend in Japan and monetary policy meetings of the Federal Reserve and Bank of Japan next week


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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