RECENT NEWS
Financial Times  2 hrs ago  Comment 
Devaluations much less effective in boosting exports as they were
Wall Street Journal  5 hrs ago  Comment 
The Economic Times  3 hrs ago  Comment 
After the yuan devaluation, the rupee is not in the basket of ‘troubled ten” currencies – a new term coined for units particularly vulnerable.
The Economic Times  6 hrs ago  Comment 
After the yuan devaluation, the rupee is not in the basket of ‘troubled ten” currencies – a new term coined for units particularly vulnerable.
Finance Asia  8 hrs ago  Comment 
China's fifth largest lender taps the dollar and euro-denominated bond markets with a more attractive new issue premium than its last foray in July.
MarketWatch  9 hrs ago  Comment 
Once a darling of currency traders, Turkey’s currency, the lira, has probably disappointed more strategists in 2015 than any other emerging-markets currency.
Wall Street Journal  10 hrs ago  Comment 
The sudden devaluation of the yuan is proving cataclysmic for investors who watched the currency climb for a decade and made bets that depended on it holding steady.
newratings.com  10 hrs ago  Comment 
WASHINGTON (dpa-AFX) - The dollar is turning in a mixed performance against its major competitors Tuesday, but is little changed overall for the session. The U.S. currency is up against the Euro, down against the British pound and nearly flat...
Financial Times  11 hrs ago  Comment 
EU bailouts were based on the belief that a wave of sovereign defaults could doom the single currency. But was it correct?
TheStreet.com  11 hrs ago  Comment 
NEW YORK (TheStreet) -- During the past year, the U.S. dollar has appreciated more than 18%, and last week, China surprised investors and traders by allowing its currency to depreciate almost 3% against the dollar, thoroughly roiling equity...
CNNMoney.com  Aug 18  Comment 
Read full story for latest details.




RELATED WIKI ARTICLES
 
TOP CONTRIBUTORS

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

RON

Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki