Sale of goods and other services. This system was called barter or exchange. The transport of goods for exchange, and certain financial goods, such as feathers, polished stones, distinctive metals such as gold and silver as means of exchange. The first coins were in gold and silver. During the intervening years, however, the forex industry itself was at the forefront of financial markets.
In the last century, the foreign exchange market has undergone spectacular transformations. In 1944, the exchange system was established after World War II following a multinational conference held in New Hampshire, Brittany. This repressive regime remained in place in numbers.
Prior to World War I, central banks backed their currencies by converting into gold. Paper money can be converted into gold on demand at the bank. Because it is likely that all holders of paper money, banknotes and discs at the same time, need to keep large volumes in bulk. Hands, hands, hands, hands, hands, hands, hands, hands, hands, hands. This, in particular which was more than the currencies, currencies, ratios, bonds and gold reserve ratios of the previous week. Foreign exchange has had an impact on the economy.
After that, foreign currencies were introduced to control the forces of supply and demand. In 1944, at the end of World War II, the Allied Powers (the United States, Great Britain and France) met at the United Nations Financial and Monetary Conference held in Bretton Woods, New Hampshire. Their wish was for the structure of the global economic system to stabilize the volatility in currency markets that had occurred previously. As a result, the US-US pact reached $35 per ounce of gold and pegged other currencies to the dollar.
After that, % becomes difficult to do, it becomes difficult. The contract of exchange and purchase between countries in dollars collapsed.
Breton, Breton, Breton, Breton, Accord, Accord, Accord, Accord, Accord In 1972, the European Community attempted to establish the Common European Accord of West Germany, France, the Netherlands , Belgium and Luxembourg. The deal is similar to the Woods deal, but has a larger fluctuation band in value.
A correspondence similar to a similar agreement. The collapse of the Smithsonian Agreement and the Common European Agreement in 1973 indicate that this already happened by default, as there were no new rings to replace them. They were allowed to call with a cell phone. In 1978, the free volatility system was officially put into operation.
Pursue research in Europe and encourage it to break even in 1991. It is estimated that over $3 trillion is traded every day.