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Exchange Rate Systems
Posted by Admin Forex Bgjt on Oct 23, 2009 in Forex
The Development of the Exchange Rate Systems
At the end of the World War II a fixed exchange rate system was started. In 1944 an agreement – the Bretton Woods agreement – was subscribed. It created a system of fixed exchange rates. The values of many major currencies were pegged to the value of the US [...]
Exchange Rate
Posted by Admin Forex Bgjt on Oct 23, 2009 in Forex
The Exchange rate – also known as foreign-exchange rate, forex rate or FX rate – is the Forex trading essential indicator. It usually quotes the price with whom the “currency pairs” are exchanged.
As an example we could use the Euro/ US dollar currency pair, usually shown with the abbreviation EUR/USD. The first term of the [...]