Glance: Changes in the value of currencies

Glance: A look at the changing value of the world's major currencies

The world economy faces a new threat. Instead of a banking collapse or too much debt, fears are growing that countries are using their currencies as an economic weapon.

There have been increasing concerns around the world that countries might manipulate their exchange rates to gain an edge. A lower foreign exchange rate can make a country's exports cheaper. But one currency can fall only if another rises.

A fall in the value in one currency — in this case the yen — means another currency — for example the U.S. dollar — gets more yen for its buck.

Here is a glance at how the world's major currencies have changed over the past six months.

Shifts in Major Currencies

Sep. 3 2012

Jan. 1 2013

Feb. 14 2013

US Dollar vs Japanese Yen ($1 =)

78.31 yen

86.64 yen

92.94 yen

Euro vs Japanese Yen (?1=)

98.56 yen

114.33 yen

124.14 yen

Euro vs US Dollar (?1=)

$1.25

$1.31

$1.33

Source: FactSet