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5 sourced facts about the foreign exchange (currency) market, each with the context behind the number. 4 more are in today's round and appear here after it closes.

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Going deeper

What share of global currency trading happens in the United Kingdom?

Answerabout 37.8%

London is by far the world's largest FX trading hub, handling more volume than any other single country.

Source: Wikipedia - Foreign exchange market (2025) en.wikipedia.org

About what share of spot FX trades involve the US Dollar/Japanese Yen pair, the second most traded?

Answerabout 14.3%

USD/JPY trails only EUR/USD as the world's most actively traded currency pair.

Source: Wikipedia - Foreign exchange market (2025) en.wikipedia.org

In what year did the Bretton Woods conference establish the post-war fixed exchange rate system?

Answer1944

Delegates from 44 countries met in New Hampshire to design the system that pegged currencies to the US dollar.

Source: Wikipedia - Bretton Woods system (2024) en.wikipedia.org

In what year did the US end the dollar's convertibility to gold, effectively ending the Bretton Woods system?

Answer1971

This move by President Nixon, known as the 'Nixon Shock,' paved the way for today's floating exchange rates.

Source: Wikipedia - Bretton Woods system (2024) en.wikipedia.org

Expert level

In what year did the Jamaica Accords formally ratify floating exchange rates as the global standard?

Answer1976

This agreement made official what had already become the de facto system after Bretton Woods collapsed.

Source: Wikipedia - Bretton Woods system (2024) en.wikipedia.org

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