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Currency…speculation…is…considered…a…highly…suspect…activity…in…many…countries.[where?]…While…investment…in…traditional…financial…instruments…like…bonds…or…stocks…often…is…considered…to…contribute…positively…to…economic…growth…by…providing…capital,…currency…speculation…does…not;…according…to…this…view,…it…is…simply…gambling…that…often…interferes…with…economic…policy….The..average..daily..turnover..in..the..global..foreign..exchange..and..related..markets..is..continuously[citation..needed]..growing…332..of..)..MR..Brawley….Power,..Money,..And..Trade:..Decisions..That..Shape..Global..Economic..Relations..University..of..Toronto..Press,..2005..Retrieved..15..July..2012..ISBN..1551116839..^.."…The…top-tier…interbank…market…accounts…for…51%…of…all…transactions.[4]…From…there,…smaller…banks,…followed…by…large…multi-national…corporations…(which…need…to…hedge…risk…and…pay…employees…in…different…countries),…large…hedge…funds,…and…even…some…of…the…retail…market…makers….Bank.for.International.Settlements..President.Richard.Nixon.is.credited.with.ending.the.Bretton.Woods.Accord.and.fixed.rates.of.exchange,.eventually.resulting.in.a.free-floating.currency.system..Flights.to.quality:.Unsettling.international.events.can.lead.to.a."flight-to-quality",.a.type.of.capital.flight.whereby.investors.move.their.assets.to.a.perceived."safe.haven"..

September.2016..^…"Safe…Haven…Currency"….Risk.aversion[edit]..This.causes.positive.currency.correlation.between.XXXYYY.and.XXXZZZ..They.try.to.control.the.money.supply,.inflation,.and/or.interest.rates.and.often.have.official.or.unofficial.target.rates.for.their.currencies..Then..Multiply..by..100"…Usually..the..date..is..decided..by..both..parties…

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