Money of the world

World currencies

Currency of the tourist

The World reserve currency

Top-10 of expensive currencies of the world

The Foreign exchange

Freely convertible currency

Currency transfers

The Official rate of exchange

Dollar of America

How to purchase currency

Euro-currency

The Forecast of a value of currency

World currencies

World currencies

The Currency is a certain type of money which exists in the country and is used for realisation of business operations. The majority of the countries use currency, which is unique for them (for example a naira in Nigeria, a krone in the Czech Republic, yuan in China, etc.), whereas other countries have accepted the common currency to facilitate commercial activity (for example, 16 from 27 member countries of the European union use euro as monetary unit). Routinely the native currency is manufactured and supervised by local central bank or Treasury. In the majority of the countries these institutes have a relative autonomy from the government and can act on the authority in certain limits.

For trade, the country currency can be transformed to other currency on previously set factor named by a rate of exchange. Depending on methods of the exchange rate, the currency can be fixed or floating. The fixed currency, whose significance is compared to value of other common currency or the precious goods, such as gold or silver. Significance of a fixed rate will vary according to a value of currency to which it is adhered. The second type of currency, with a floating rate, does not depend on the cost to other currency. Currencies of the different countries weaken or amplify depending on volume of stocks of hard currency and gold, their balances in international trade, a rate of inflation, and complete stability of economy. The majority of the currencies used all over the world, with a floating rate.

On the basis of that, it is how much favourable to trade exists 3 world currencies : the US dollar which participates in 90 percent of all bargains worldwide and is reserve world currency; euro, official currency of the second-large economy in the world (it is used in an eurozone) on which share 37 percent of daily operations in the currency market are necessary, and the Japanese yen which participates in the fifth part of all currency transactions. Other valuable currencies in which should be invested is the British pound sterling, and Swiss franc. Together they participate in 10 percent of bargains in the currency market. A common feature of first four currencies set forth above, that they have no inherent worth is, that is they are not based on any physical goods, and their value depends on belief in them of people. If people lose faith in such currency, it will cease to have any value and is not becomes more expensive, than a paper on which has been printed. The fifth currency, Swiss franc, is a part of a gold standard of system of the country. According to this system, the currency is adhered to gold and depends on the price for this precious metal.

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