Bretton Woods Agreement of 1944

An agreement that established fixed foreign exchange rates for major currencies, provided for central bank intervention in the currency markets, and pegged the price of gold at US$35 per ounce. The agreement lasted until 1971, when President Nixon overturned the Bretton Woods agreement and established a floating exchange rate for the major currencies.


Related words

Base Currency ・ Balance of Payments ・ Bar Chart ・ Big Figure ・ Bretton Woods Agreement ・ Back office ・ Bonds ・ Broker・ BID / ASK・ Balanced Fund・ Balanced investment strategy・ Backpricing・ Backwardation・ Bear Spread・ Bear Vertical Spread・ Bozu・ Breakaway gap