Currency History

A) A class to sleep through.
B) What you think about (where the money has been) before you lick a dollar.
C) Those dumb debates over which country invented coins first.
D) None of the above.

If you chose D, you win. Your reward: The correct definition.

This is a common term in the foreign exchange (FOREX) markets that speaks to the value of one currency against other currencies over a specific amount of time. The purpose of currency history charts is to give a currency trader a firmer understanding of how Currency A trades against Currencies B, C, and D throughout history. This provides a baseline to understand historical market conditions. If events are on the horizon that have produced notable results, a trader may place their bets a certain way to anticipate similar results.