FX 101

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...

How did transfers work before online banking? Those who don’t use online banking might use methods that everybody had...

Historic currency unions Currency unions have in one or another form existed since the antique in Roman times. In...

20. Brazilian real - BRL The Brazilian real has been the central currency since 1994, which it finally settled...

Do you need to hedge your currency exposure? The BIS reported global foreign exchange markets reached a stunning $7.5...

The history of money In times gone by, people would trade goods like food, materials, and livestock directly with...

What is a bank transfer? A bank transfer is a way of sending money from one account to another....

1. You get better exchange rates The most common selling point of foreign exchange companies is their ability to...

How unregulated online brokers steal money Despite advances in consumer protection and government oversight, there remain many legal loopholes...

What is FX hedging? There are no set exchange rates on foreign currencies. The value of one might weaken...