FX 101

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....

Market movement factors While the market will often move for unknown reasons, following how analysts will make stock predictions...

Currency vs cryptocurrency As we explained in our currency vs money article, currency is simply a form of money,...

What makes a currency strong? It is first important to establish what makes any currency strong. The strength of...

What is a safe haven currency? The name safe haven implies something of a port in a storm, which...

What is the Gold standard? In order to understand fixed exchange rates, it’s important to understand the gold standard,...

What is the role of central banks? Before we dive into the specific ways they can influence the FX...

Why do interest rates affect FX transactions? Interest rates do not affect FX transactions directly, but they can affect...