Sentences with phrase «floating currency regime»
Thus, we should only look at currency volatility from the mid 70s and probably the early 80s onward — i.e. once we entered a free floating currency regime.
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Since the 1970s when the Bretton Woods fixed - currency regime ended and currencies began floating, a typical dollar rally has lasted roughly six to seven years.
The collapse of Bretton Woods system in 1973 and the shift of major currencies to floating exchange rate regimes lessened the reliance on the SDR as a global reserve asset.