A rapidly changing foreign exchange market

This chapter shows how much the Forex market has changed and developed over the years. It also reveals what goes on behind the scenes when buying foreign exchange at a bureau de change, paying bills to a company in another country or booking a hotel using a credit card on the internet or by telephone. The days of noisy trading floors where dealers shouted at each other have long gone, to be replaced by computers and people tapping at keyboards or talking quietly to each other. When did the Forex market start to change and why does it matter?