The international currency market FOREX was established in the 70s of the 20th century as the result of the break-up of the Breton Woods system of fixed currency rates and the transition to a system of free-flowing currency rates.

FOREX - Foreign Exchange Market - literally means "international currency market". In essence, it represents a combination of different commercial, investment and speculation operations with foreign currency. These operations are realized via an institutional network of central, commercial and investment banks, brokers and dealers, pension funds, etc.

The FOREX market is the largest market in the world, with an average daily turnover reaching over 4 trillion dollars. The main currencies traded on it are the American Dollar (USD), the Euro (EUR), the Japanese Yen (JPY), the British Pound (GBP) and the Swiss Frank (CHF).