Category: Education

Overview Singapore’s national currency, the Singapore dollar (SGD), tells a fascinating story on account of its steadiness and ongoing progress. The SGD can be traced back to the colonization period, when it was known as the “Straits dollar.” It later gained autonomy and independence in 1965, together with the formation of the Monetary Authority of…

Overview The story of forecasting the NZD started in 1967 as the replacement currency for the pound sterling. In 1964, the transformative decision to adopt a decimal system changed the face of money in New Zealand. The NZD was initially pegged to the USD and moved into free-float mode in 1985, coinciding with emerging global…

Overview The Canadian dollar is fondly known as the “loonie” due to the loon depicted on its one-dollar coin. This currency has a background that dates back to 1871, when it replaced local currencies. Over time, it went through a phase of being backed by gold in the century and eventually transitioned to a floating…

Overview GBP is a key international currency in world financial markets, occupying third place behind USD, JPY and EUR (the other widely traded). Since the 1707 union between England and Scotland, the GBP has experienced economic evolution and historical changes. In addition to the UK, some countries that were formerly under the British Empire’s dominions,…

Introduction The significance of the U.S. Dollar emerged during the 1920s, when it replaced the pound following World War I. Its influence further grew after World War II, when the Bretton Woods Agreement established it as the currency backed by gold. Although its tie to gold ended in 1971, the dollar remains crucial for trade…