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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 ...
This is a list of circulating fixed exchange rate currencies, ... Euro: 491.96775 Cook Islands dollar: New Zealand dollar: 1 Cuban peso: U.S. dollar: 24 Danish krone:
Before the switch to the euro, the Deutsche Mark was the largest international reserve currency after the United States dollar. The percental composition of currencies of official foreign exchange reserves from 1995 to 2022. [25] [26] [27]
The euro was last valued below $1 on July 15, 2002. The European currency hit its all-time high of $1.18 shortly after its launch on Jan. 1, 1999, but then began a long slide, falling through the ...
For instance, the quotation EURUSD (EUR/USD) 1.5465 is the price of the Euro expressed in US dollars, meaning 1 euro = 1.5465 dollars. The market convention is to quote most exchange rates against the USD with the US dollar as the base currency (e.g. USDJPY, USDCAD, USDCHF).
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.
The index is designed, maintained, and published by ICE (Intercontinental Exchange, Inc.), with the name "U.S. Dollar Index" a registered trademark. [4] [5] It is a weighted geometric mean of the dollar's value relative to following select currencies: Euro (EUR), 57.6% weight; Japanese yen (JPY), 13.6% weight
Belarus, on the other hand, pegged its currency, the Belarusian rubel, to a basket of foreign currencies (US dollar, euro and Russian rouble) in 2009. [24] 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 ...
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