EconPapers    
Economics at your fingertips  
 

Spot Rates of Exchange

A. D. P. Edwards

Chapter 4 in The Exporter’s & Importer’s Handbook on Foreign Currencies, 1990, pp 28-30 from Palgrave Macmillan

Abstract: Abstract In the days of Empire sterling was firmly fixed to the price of gold and all the major currencies at that time were all firmly fixed to sterling. Before the Second World War, however, things had already begun to change and while sterling was having to relinquish its fixed price to gold the US dollar was emerging as the leading international trading currency. At the Bretton Woods conference in 1944 the exchange rate between sterling and the dollar was fixed at $4 = £1 and as the value of the dollar was already fixed to the price of gold sterling was again fixed to the price of gold albeit indirectly.

Keywords: Exchange Rate; Foreign Currency; Spot Rate; Fixed Exchange Rate; Fixed Price (search for similar items in EconPapers)
Date: 1990
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-11852-6_5

Ordering information: This item can be ordered from
http://www.palgrave.com/9781349118526

DOI: 10.1007/978-1-349-11852-6_5

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().

 
Page updated 2025-04-01
Handle: RePEc:pal:palchp:978-1-349-11852-6_5