RECENT NEWS
Forex News  Jun 13  Comment 
The US dollar showed rather weak performance during the past trading week even as economic fundamentals should have been supportive for the currency. Now traders wait for the next week that may determine the future of the currency...
Forex News  Jun 13  Comment 
Lately, macroeconomic fundamentals were detrimental to the Great Britain pound, but that did not prevent the currency from ending Friday with gains. In fact, the sterling reached the highest level since September 2008 against the Japanese...
Forex News  Jun 13  Comment 
The Australian dollar ended Friday lower, though the currency trimmed its losses by the end of trading. The currency rallied a day before due to the very positive domestic data.(...)Read the rest of Aussie Falls After Thursday’s Gains...
Forex News  Jun 12  Comment 
The US dollar has received support from domestic macroeconomic reports that led to a rally yesterday. Today, the currency halted its advance even though fundamentals continued to be supportive for the greenback.(...)Read the rest of Dollar...
Clusterstock  Jun 12  Comment 
WASHINGTON (Reuters) - A team from the International Monetary Fund is visiting China as part of the global lender's review over whether to include the Chinese yuan in its basket of currencies, an IMF official said on Friday. An official said the...
Mondo Visione  Jun 12  Comment 
The Office of the Comptroller of the Currency (OCC) today announced improved access to information and public comments regarding business combination corporate applications submitted by national banks and federal savings associations. The...
Mondo Visione  Jun 12  Comment 
The European Banking Authority (EBA) issued today an Opinion to the European Commission supporting its proposed amendments to the EBA final draft ITS on currencies featuring constraints on the availability of liquid assets. The EBA agrees with...




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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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