SigmaForex Views Of Foreign Exchange Development

What are the Main Stages of Recent Foreign Exchange Development ?

In modern times there were some developments in forex market SigmaForex summed them up in the coming lines:

The main phases of the further development of the Forex in modern times were:

* signing of the Bretton Woods Accord;

* constitution of the international monetary fund (IMF);

* emergency of the free-floating

foreign exchange markets;

* creation of currency reserves;

* constitution of the European Monetary Union and the European Monetary Cooperation Fund;

*

introduction of the Euro as a currency.