Academic Look

Timeline forex history dates back to the mid-19th century when the gold standard was adopted. Its origins can be traced to the creation of the Bretton Woods System in 1944, an agreement between 44 nations to stabilize currency exchange rates in the wake of World War II and its ensuing economic disarray. After 1971, this system was abandoned in favor of a more flexible market-determined exchange rate. This led to the creation of the floating exchange rate markets we have today. As technology has advanced, the forex market has become increasingly accessible and efficient, creating a liquid trading market open to individual traders, global businesses, and financial institutions.