We are a financial data aggregator, application and service provider with a focus on finance and North American bank rates.
At denoti we collect data from hundreds of thousands of sources and then refine, classify and segment everything into categories and vertically specific datasets. Our goal to is make it easier for companies, partners and developers to integrate, enhance and make use of data in their own applications.
A currency (from Middle English: curraunt, 'in circulation', from Latin: currens, -entis) in the most specific use of the word refers to money in any form when in actual use or circulation as a medium of exchange, especially circulating banknotes and coins. A more general definition is that a currency is a system of money (monetary units) in common use, especially in a nation. Under this definition, US dollars, British pounds, Australian dollars, and European euros are examples of currency. These various currencies are recognized stores of value and are traded between nations in foreign exchange markets, which determine the relative values of the different currencies. Currencies in this sense are defined by governments, and each type has limited boundaries of acceptance.
The foreign exchange market (Forex, FX, or currency market) is a global decentralized or over-the-counter (OTC) market for the trading of currencies. This includes all aspects of buying, selling and exchanging currencies at current or determined prices. In terms of trading volume, it is by far the largest market in the world, followed by the Credit market.