Forex History Today
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The state of currency trading today is a direct consequence of the Second World War. When Allied victory became apparent in 1944, it was realized that the reconstruction of Europe will require a massive undertaking that would be rendered very difficult due to the state of foreign exchange at the day. Exchange rates between different currencies were not nearly as easy to grasp as they are today and it became apparent that some sort of system should be put into place in order to simplify matters. Thus the Bretton Wood Conference came to be. This important even in forex history also led to the formation of the IMF and the World Bank, institutions of extremely important significance in today’s world.
