A History of Dollar Era After WWII, an agreement in 1944 created the Bretton Woods System. Under this financial system, all other currencies were pegged with US Dollar, which was linked to gold at the rate of $35 per ounce. Thus US Dollar became the key currency of the world. At that time, Dollar could [...]
As it has been discussed many times over, money, especially in US currency (the US dollar) tends to rapidly depreciate according to the financial movements we are living. The US dollar is the main currency which is used to give equities and commodities their value, with the backing value of gold behind this currency the [...]
The concept of the Foreign Exchange market is an easy one. It’s all about traders buying and selling foreign currency in a simultaneous transaction in the hopes of making a few dollars. But it really is much more than that. The exchange or transaction can serve as a way to facilitate international commerce. Governments use [...]
