The base currency is the reference currency used in foreign exchange (Forex) trading to measure the value of other currencies. Often, this base currency is the US dollar, but it can be any major currency in which exchange rates are quoted.
An in-depth look into Petro-Dollars, their historical context, significance in global economics, and influence on international finance.
The Plaza Accord was an international agreement signed in 1985 by France, Japan, the United Kingdom, the United States, and West Germany aimed at depreciating the US dollar to address the US current account deficit and end the recession.
A comprehensive guide to understanding reserve currencies, including historical context, key events, economic implications, and examples.
An in-depth look at the SUCRE regional currency, introduced in 2009 to facilitate trade transactions among Latin American countries.
A comprehensive guide to understanding the implications, reasons, and mechanisms behind a sustained period of depreciation in the United States' currency.
