EUR/USD Last week the euro demonstrated a relative stability although last Monday was not a good day for the single currency. Its opening price was 1.2751 USD, but by the end of the day it dropped down to 1.2663. However, from Tuesday until Friday it recovered and closed the week at 1.2894. Unlike This week [...]
The exchange rate is simply how much one currency is worth of another. Two main systems determine an exchange rate—a floating (fluctuating or flexible) and a fixed (pegged) currency. A floating currency is one that depends on how much buyers are willing to pay for it or what the supply and demand is. If a [...]
