The History of FX/Forex

Foreign exchanged started with the Bretton Woods agreement in 1944 with the intention of the being able to trade currency internationally.
 
The Bretton Woods agreement was named after the town in New Hampshire where the agreement was developed.
 
The main objective was to prevent losses from Europe during WW2.
 
Currency movements were limited to 1% against the U.S. Dollar, which was fixed to the price of gold at 35 US Dollars per ounce.
 
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