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  2. Exchange rate - Wikipedia

    en.wikipedia.org/wiki/Exchange_rate

    For example, the purchasing power of the US dollar relative to that of the euro is the dollar price of a euro (dollars per euro) times the euro price of one unit of the market basket (euros/goods unit) divided by the dollar price of the market basket (dollars per goods unit), and hence is dimensionless. This is the exchange rate (expressed as ...

  3. Currency pair - Wikipedia

    en.wikipedia.org/wiki/Currency_pair

    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 most traded currency pairs in the world are called the Majors.

  4. List of countries by exchange rate regime - Wikipedia

    en.wikipedia.org/wiki/List_of_countries_by...

    4.2 Euro as exchange rate anchor. 4.3 Rand as exchange rate anchor. ... 6.1 US dollar as exchange rate anchor. 6.2 Composite exchange rate anchor. 7 Crawl-like ...

  5. List of circulating fixed exchange rate currencies - Wikipedia

    en.wikipedia.org/wiki/List_of_circulating_fixed...

    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:

  6. List of currencies in Europe - Wikipedia

    en.wikipedia.org/wiki/List_of_currencies_in_Europe

    Denmark is the only EU member state which has been granted an exemption from using the euro. [1] Czechia, Hungary, Poland, Romania and Sweden have not adopted the Euro either, although unlike Denmark, they have not formally opted out; instead, they fail to meet the ERM II (Exchange Rate Mechanism) which results in the non-use of the Euro.

  7. European Monetary System - Wikipedia

    en.wikipedia.org/wiki/European_Monetary_System

    The European Monetary System lasted from 1979 to 1999, when it was succeeded by the Economic and Monetary Union (EMU) and exchange rates for Eurozone countries were fixed against the new currency the Euro. [7] The ERM was replaced at the same time with the current Exchange Rate Mechanism (ERM II).