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  2. Cable (foreign exchange) - Wikipedia

    en.wikipedia.org/wiki/Cable_(foreign_exchange)

    The term cable is a slang term used by foreign exchange traders to refer to the exchange rate between the pound sterling and US dollar. [1] The term originated in the mid-19th century, when the exchange rate between the US dollar and sterling began to be transmitted across the Atlantic by a submarine communications cable.

  3. Currency pair - Wikipedia

    en.wikipedia.org/wiki/Currency_pair

    Currency quotations use the abbreviations for currencies that are prescribed by the International Organization for Standardization (ISO) in standard ISO 4217.The major currencies and their designation in the foreign exchange market are the US dollar (USD), Euro (EUR), Japanese yen (JPY), British pound (GBP), Australian dollar (AUD), Canadian dollar (CAD), and the Swiss franc (CHF).

  4. Early American currency - Wikipedia

    en.wikipedia.org/wiki/Early_American_currency

    All colonial pounds were of less value than the British pound sterling. [3] The coins in circulation during the colonial era were, most often, of Spanish and Portuguese origin. [ 3 ] For most of the 17th and 18th centuries, the Spanish dollar was one of the few widely accepted denominations by the people, which resulted in it serving as the ...

  5. Exchange rate - Wikipedia

    en.wikipedia.org/wiki/Exchange_rate

    The spot exchange rate is the current exchange rate, while the forward exchange rate is an exchange rate that is quoted and traded today but for delivery and payment on a specific future date. In the retail currency exchange market, different buying and selling rates will be quoted by money dealers.

  6. Smithsonian Agreement - Wikipedia

    en.wikipedia.org/wiki/Smithsonian_Agreement

    The US pledged to peg the dollar at $38/ounce (instead of $35/ounce; in other words: the USD rate lost 7.9%) with 2.25% trading bands, and other countries agreed to appreciate their currencies versus the dollar: Yen +16.9%; Deutsche Mark +13.6%, French Franc +8.6%, British pound the same, Italian lira +7.5%. [3]

  7. Sterling area - Wikipedia

    en.wikipedia.org/wiki/Sterling_area

    Members enjoyed the benefits of stable exchange rates and permanent access to the financial resources of the City of London. Meanwhile, the British government was able to use the pooled reserves of the entire area's membership to back sterling at times when there was a US dollar shortage. [citation needed]

  8. Plaza Accord - Wikipedia

    en.wikipedia.org/wiki/Plaza_Accord

    The Plaza Accord was a joint agreement signed on September 22, 1985, at the Plaza Hotel in New York City, between France, West Germany, Japan, the United Kingdom, and the United States, to depreciate the U.S. dollar in relation to the French franc, the German Deutsche Mark, the Japanese yen and the British pound sterling by intervening in currency markets.

  9. Pound sterling - Wikipedia

    en.wikipedia.org/wiki/Pound_sterling

    The Falkland Islands pound, Gibraltar pound, and Saint Helena pound are set at a fixed 1:1 exchange rate with the British pound by local governments. Value In 2006, the House of Commons Library published a research paper which included an index of prices for each year between 1750 and 2005, where 1974 was indexed at 100.