In a typical foreign exchange transaction, a party purchases some quantity of one currency by paying some quantity of another currency. The modern foreign exchange market began forming during the 1970s after three decades of government restrictions on foreign exchange transactions (the Bretton Woods system of monetary management forex brokers reviews established the rules for commercial and financial relations among the world's major industrial states after World War II), when countries forex brokers reviews gradually switched to floating exchange rates from the previous exchange rate regime, which remained fixed as http://forexbrokers4all.wordpress.com/2013/07/08/forex-brokers-reviews per the Bretton Woods system
↧