Market developments Foreighn Exchange, better known as Forex, has shown a very amazing graphics. In the decade of the 1980's, forex perdangangan transaction value is only about $ 70 billion. But in the two decades following the transaction value reached U.S. $ 1.5 trillion, and recent data precisely in May of 2009 showed the value of the transaction was fantastic, the total could reach up to U.S. $ 3.2 trillion.
Incomplete if we only discuss the ins and outs of Forex, without knowing the background of the emergence of the forex world itself. Actually how the development of forex can get into a business so large that it is today? Then what factors contributed to its development? Here I am, I will try to to review the development of world currency exchange that ultimately background for the emergence of the world of Forex.
Currencies
Coin currency was first used at the time of Zahiliyah, precisely at the royal Pharaoh. While the paper currency is used the first time in the ancient Babylonians.
Bretton Woods system - 1944
On July 22, 1944 held a large-scale international monetary conference, which was then known as "The Bretton Woods Conference", which was attended by 44 countries. The purpose of holding the conference aims to draw up a plan in the making of monetary system. Two years after the conference, the IMF and the World Bank was established to oversee the system.
Standardization Gold Price - 1800
In this year, the value of the currency is guaranteed by gold, which is the standard of the country. With hope, the currency of Europe and America in the country was relatively stable.
Floating Exchange Rate System
Sitem Bretton Woods last up to 30 years, because some countries are still experiencing a severe economic crisis. On August 15, 1971, President Nixon announced the Floating Exchange Rate System for the increment time. Subject was reaffirmed "Smithsonian Conference" in December 1971 in Washington. With the birth of floating a simpler system that goes up to the present which in turn was followed by other countries.
Forex in the Era of the 1980s
In trading the continent of Asia, Europe and the Americas increased very rapidly, rather than U.S. $ 70 billion per day up to $ 1.5 trillion per day. In the next two decades, triggered by rising oil prices and advances in technology at the time.
Forex in the Era Milinium 21
Around dated January 1, 2002, the history of Forex increasing with the introduction of the Euro as the official currency in 12 European countries. Currently, the Euro entered the top five most common currency used in the Forex market.
Article above can already be seen that the development of forex which has formed an outline of the changes in the world of forex. Did you already know about the history of Forex on previously? Here I draw the conclusion that the system of Forex Trading has evolved, which through time and a long process, changed to "shape" the more the desire of the traders (forex trading offender) more friendly and more traders appreciate the desire / willingness of traders to boost trading their experience. And Forex Trading today has become an enormous industry, better and fairly regularly because of the rules of regulatory agencies having an authority.
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