Benzinga  22 min ago  Comment 
The British pound posted its best single-day performance in nearly a decade on Tuesday after Prime Minister Theresa May eased some Brexit-related concerns in a speech. Heading into Tuesday's speech, the British pound was trading below $1.20 and...
MarketWatch  30 min ago  Comment 
Americans who invest overseas risk seeing their hard-earned returns erode due to currency fluctuations over the short term.
The Hindu Business Line  2 hrs ago  Comment 
This could lead to non-detection of fake notes, accounting errors
Forex News  3 hrs ago  Comment 
The Brazilian real fell against the US dollar today, but Brazil’s officials were not concerned by the dollar’s strength, thinking that there are plenty supportive fundamentals for the Brazilian currency. Finance Minister Henrique...
The Economic Times  3 hrs ago  Comment 
Total currency in circulation, which as a major component of reserve money or base money printed by Reserve Bank of India, amounted to Rs 9.5 lakh crore as on January 13, up Rs 52,790 crore during the week.
Euromoney  4 hrs ago  Comment 
On a day many expected would see the pound sink to new depths, the currency instead responded to news that the UK would be leaving the single market by posting its best performance since the referendum – but whether the day marked a turning...
Benzinga  4 hrs ago  Comment 
In a recent interview with the Wall Street Journal, President-elect Donald Trump once again made reference to China’s negative impact on U.S. business due to its currency “dropping like a rock.” “Our companies can’t compete with them...
The Economic Times  5 hrs ago  Comment 
Revenues for the quarter stood at Rs 830.6 cr, a year-on-year growth of 2.1% on a comparable constant currency basis.
The Economic Times  Jan 18  Comment 
The local currency on Tuesday closed 15 paise up at 67.95 on hopes for a speedy rollout of GST. However, outflow of foreign funds from selling in equities by the institutional investors capped gains in the currency.
The Hindu Business Line  Jan 18  Comment 
Yahoo  Jan 18  Comment 
Stock markets steadied and the dollar recovered some ground on Wednesday after unease over how U.S. policy will develop under Donald Trump's presidency drove the currency to its weakest since early December. Traders in Asia said shares were helped...
Wall Street Journal  49 min ago  Comment 
The Hindu Business Line  Jan 18  Comment 


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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