Today’s economic reality includes a world of free-floating fiat currencies, where the value of a nation’s currency is determined by supply and demand in the global foreign exchange or forex market.

While short-term movements can seem unpredictable, currency values are ultimately shaped by a set of underlying economic forces that interact continuously. Rather than moving for a single reason, ...

Many countries go to great lengths to manage their exchange rates. Probably the most prominent recent example is the European Monetary Union, where all the members abandoned their national currencies ...

The exchange rate of a nation's currency is one of the most important determinants of its state of economic health. Find out ...

There are many matters to consider when setting up an offshore outsourcing deal-scope, location, roles and responsibilities, service levels, governance plans and price, just to name a few. The effect ...

What is the value of a country’s goods against those of another country, a group of countries, or the rest of the world, at the prevailing exchange rate? How does one determine whether a currency is ...

The U.S. dollar has seen some remarkable swings against major currencies recently. For example, over most of 2005, it gained nearly 18% against the yen and 13% against the euro, while between March ...