The history of forex begins in biblical times.


Summary of the lecture:

  • Ancient, biblical times
  • 4th century, Byzantine Empire has a monopoly on currency exchange
  • 15th century, Medici
  • 17th and 18th centuries, currency trading spreads
  • 1913, British Pound controls half of the forex market
  • 1944, Breton Woods Accord
  • 1971, Pres, Nixon ends Breton Woods
  • 1973, Smithsonian Agreement
  • 1981, S. Korea allows free trade of currencies
  • 1990s, internet, retail forex traders

The infographic used in this lecture:

The next lecture in on:  Currency Groups

Categories: Lecture

Leave a Reply

Your email address will not be published. Required fields are marked *