FOREX: History of the foreign exchange market (of bretton woods to the deregulation)

To begin to speak about the history of the foreign exchange market to which it belongs FOREX it is necessary to begin in 1944 with the agreement of Bretton Woods. This agreement arose after Europe, due to the wars in which it was bottled, had remained ruined and weak economically. This economic weakness propitiated that the United States had a currency much more valued with regard to the Europeans, the phenomenon of the flight of capital being generated this way: In effect, since to invest in Europe was going out much less costly, the American investors were taking his capital to this place, debilitating moreover the European economy. This way, in these days one lived through a perí...

History of Forex (of Bretton Woods to the deregulation)

FOREX: History of the foreign exchange market (Euromarket and computers)

We had telling in the history of the foreign exchange market FOREX that the stage later to the deregulation that happened as a result of the abolimiento of the agreements of Bretton Woods, that of Smith and the European agreement, was the deregulation of the exchange rates that exists between a few and other currencies. This deregulation put in hands of the laws of supply and of the demand the market of exchange of currencies. This is one of the stages previous to the foreign exchange market FOREX, because it opens the doors for the difference between the exchange rates between different pairs of currency and also for the tendencies to the rise and the tendencies to the casualty between these pairs. Since we see, the volatibilidad that brought this stage of the history was an indispensable requisite for the apa...

History of Forex (Euromarket and computers)