FX 101

How can a currency’s value be changed? A currency’s value can be determined by a multitude of factors, and...

Understanding currency pairs The format of the currency pair is important, as the order signifies how the currency is...

When was the euro introduced? The euro was technically introduced on 1st January 1999, but it was not until...

History of the Kuwaiti Dinar Kuwait's currency, the Kuwaiti Dinar, was first issued in 1961, replacing the Gulf rupee,...

Types of currency reserves Globally, currency reserves are dominated by a large allocation to US dollars and also precious...

First exchange rates The oldest currency pair that is still traded to this day is GBP and USD, and...

Foreign currency reserves — a necessity for economic stability and global trade If a country engages in trade with...

20. Mozambican Metical (MZN) Before the metical in Mozambique there was the escudo, until it was replaced in 1980....

What are exotic currencies? The term ‘exotic currency’ is a catch-all term for any kind of currency or currency...

Putting a name to the characteristics of the market Like any sectors, foreign exchange and other financial service businesses...

Pegged to the Euro Because of the strong economic and political interlinkage in Europe, a number of countries had...

What is a currency board or “peg”? A currency board is sometimes also referred to as a currency peg....