Currency is any form of money officially issued by a governing body or central bank to be used as legal tender. Dating back to 9000 B.C., currency has assumed many unique forms ranging from basic raw materials to futuristic polymer banknotes. No matter the geographical region or chronological era, currency plays an integral role in trade and international commerce.

It has been said that a good indication of a country's economic health is the value of its money. Presidential and parliamentary elections often influence the value of both domestic and foreign currencies. Issues such as a nation's trade balance, industrial production and inflationary concerns often play key roles in the election of a political candidate to public office. The result of a hotly contested election can lead to a sudden rise or fall in the perceived value of a nation's money.

In addition, volatilities facing global commodity pricing can cause dramatic international exchange rate fluctuations. The market value of crude oil, natural gas and precious metals often prove to be correlated with currency pricing. Definitive moves within these markets can have a widespread impact upon the foreign exchange market as a whole.

The over-the-counter foreign currency market, known simply as forex, provides a platform for traders and investors to attempt to capitalize upon exchange rate volatilities. The forex market is the largest global marketplace, boasting an average daily turnover eclipsing US$5 trillion. An abundance of trading options, liquidity and limited barriers to entry entice many traders and investors to make forex their preferred financial market.

Trade with an Industry Leader

Commission free with fast, efficient execution.

Sign up now


Special Drawing Rights (SDR)

The Special Drawing Right (SDR) is an international reserve asset. Created by the IMF in 1969, SDRs are used to facilitate transactions and supplement IMF member country reserves. An SDR…


Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, Friedberg Direct, FXCM or its affiliates takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of Friedberg Direct and FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the Friedberg Direct's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed here.**

Order Execution Only

Order Execution Only

Regulatory Documents:
IIROC Brochure: How Can I Get My Money Back, How IIROC Protects Investors, IIROC Complaints Brochure, CIPF Brochure, CIPF Coverage Policy, IIROC Order Execution Only Bulletin, Conflict Disclosure Statement

The relationship between Friedberg Direct and FXCM was formed with the purpose to allow Canadian residents access to FXCM's suite of products, while maintaining their accounts with a regulated Canadian firm. All accounts are opened by and held with Friedberg Direct, a division of Friedberg Mercantile Group Ltd., a member of the Investment Industry Regulatory Organization of Canada (IIROC). Friedberg customer accounts are protected by the Canadian Investor Protection Fund within specified limits. A brochure describing the nature and limits of coverage is available upon request or at

${} / ${getInstrumentData.ticker} /

Exchange: ${}

${} ${getInstrumentData.divCcy} ${getInstrumentData.priceChange} (${getInstrumentData.percentChange}%) ${getInstrumentData.priceChange} (${getInstrumentData.percentChange}%)