RECENT NEWS  29 min ago  Comment 
Report says global trade is still dominated by the export of goods that sold better after a cut in the exchange rate A 10% fall in the value of a nation’s currency can boost exports by an average 1.5% of GDP, according to a study by the...
Wall Street Journal  38 min ago  Comment 
After paying billions in fines to settle allegations that traders tried to rig a key currency benchmark, banks are increasingly turning to computer programs to carry out foreign exchange trades.
The Hindu Business Line  4 hrs ago  Comment 
Currency daily report for Sept 28, 2015 by Veracity Financial Services
MarketWatch  6 hrs ago  Comment 
The dollar focus this week is on U.S. economic indicators and stock market movements.
Financial Times  8 hrs ago  Comment 
IMF shareholders likely to back move to add currency to SDR basket
The Economic Times  9 hrs ago  Comment 
Yuan liquidity demand in banks surges ahead of long holiday as residents withdraw savings for tourism and firms make payments for employee benefits.
Benzinga  Sep 27  Comment 
The Brazilian Real had an interesting week, to say the least. The currency hit an all time low on Tuesday, and beat the record again on Wednesday. It then started to recuperate on Thursday and early Friday. However, the bills are once...
The Times of India  Sep 27  Comment 
Global turmoil triggered by devaluation of yuan and reports of slowing growth in China has impacted Indian currency and stock markets.
Financial Times  Sep 27  Comment 
John Plender on the end of years of hype about the wonders of investing in the developing world


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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