Search results
Results from the WOW.Com Content Network
A currency symbol or currency sign is a graphic symbol used to denote a currency unit. Usually it is defined by a monetary authority, such as the national central bank for the currency concerned. A symbol may be positioned in various ways, according to national convention: before, between or after the numeric amounts: €2.50 , 2,50€ and 2 50 .
The foreign exchange supply and demand has caused the exchange rate to change. Economic strength of a country: In general, high economic growth rates are not conducive to the local currency's performance in the foreign exchange market in the short term, but in the long run, they strongly support the strong momentum of the local currency.
The currency sign was once a part of the Mac OS Roman character set, but Apple changed the symbol at that code point to the euro sign in Mac OS 8.5.In pre-Unicode Windows character sets (Windows-1252), the generic currency sign was retained at 0xA4 and the euro sign was introduced as a new code point, at 0x80 in the little used (by Microsoft) control-code space 0x80 to 0x9F.
Appropriate exchange rate regime and level. The level of exchange rate is an important factor in maintaining exchange rate stability, both before and after currency convertibility. The exchange rate of freely convertible currency is too high or too low, which can easily trigger speculation and undermine the stability of macroeconomic and ...
Using a mechanism known as the "snake in the tunnel", the European Exchange Rate Mechanism was an attempt to minimize fluctuations between member state currencies—initially by managing the variance of each against its respective ECU reference rate—with the aim to achieve fixed ratios over time, and so enable the European Single Currency (which became known as the euro) to replace national ...
The symbol € is based on the Greek letter epsilon (Є), with the first letter in the word "Europe" and with 2 parallel lines signifying stability. — European Union [ 3 ] The official story of the design history of the euro sign is disputed by Arthur Eisenmenger , a former chief graphic designer for the European Economic Community , who says ...
Get AOL Mail for FREE! Manage your email like never before with travel, photo & document views. Personalize your inbox with themes & tabs. You've Got Mail!
A currency pair is the quotation of the relative value of a currency unit against the unit of another currency in the foreign exchange market.The currency that is used as the reference is called the counter currency, quote currency, or currency [1] and the currency that is quoted in relation is called the base currency or transaction currency.