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A widely traded currency pair is the relation of the euro against the US dollar, designated as EUR/USD. The quotation EUR/USD 1.2500 means that one euro is exchanged for 1.2500 US dollars. Here, EUR is the base currency and USD is the quote currency (counter currency). This means that 1 Euro can be exchangeable to 1.25 US Dollars.
Belarus, on the other hand, pegged its currency, the Belarusian rubel, to a basket of foreign currencies (U.S. dollar, euro and Russian rouble) in 2009. [25] In 2011 this led to a currency crisis when the government became unable to honor its promise to convert Belarusian rubels to foreign currencies at a fixed exchange rate. BYR exchange rates ...
For example, in a conversion from EUR to AUD, EUR is the fixed currency, AUD is the variable currency and the exchange rate indicates how many Australian dollars would be paid or received for 1 euro. In some areas of Europe and in the retail market in the United Kingdom , EUR and GBP are reversed so that GBP is quoted as the fixed currency to ...
For these three currencies, there must be two clear US working days between the horizon date and the spot date. Also, the spot date cannot fall on a US holiday for any USD currency pair. However, foreign exchange trades can settle on this day (e.g. GBP/JPY on 4 July) but are considered FX outrights.
The U.S. dollar equivalents have been calculated using currency exchange rates as well as the gold price at the reported date. ... US dollars and euros. As a result ...
Date of introduction: April 2, 1792; 232 years ago ... US dollar exchange rates graphs against Euro (from 1999), Pound sterling and Japanese yen (both from 1990)
A handful of American consumers–especially tourists visiting Europe–stand to benefit from the U.S. dollar’s recent strengthening against the euro, but the wider impact on the U.S. economy ...
Data from 1971 to 1991–92 are based on official exchange rates. Data from 1992 to 1993 onward are based on FEDAI (Foreign Exchange Dealers' Association of India) indicative rates. Data from 1971 to 1972–73 for the Deutsche Mark and the Japanese Yen are cross rates with the US Dollar. The Euro replaced the Deutsche Mark w.e.f. January 1, 1999.