Topic: Foreign Exchange

Forex Trading: Reading FX Quotes

Forex Trading: Reading FX Quotes

Interbank spot rates are the current selling and buying prices for spot transactions. In forex trading, the way in which the exchange rate is quoted for each particular pair of currencies has become standardized around the world. However, an exchange rate may be...
History of the Forex Markets

History of the Forex Markets

The Gold Standard Until 1914, bank notes represented gold held by governments. The pound sterling, for example, was officially linked to a given amount of gold, which the Bank of England promised to pay, if so requested. Many other countries also adopted the gold...

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