Foreign exchange history is an interesting subject that many traders do not even think about. Early in the history of humanity there wasn’t any currency. People would exchange products and services based on whatever price those things had to them. Pretty soon, however, most societies moved to a system where all goods and services were valued re one special range of items which became the currency. This could be valuable stones, beads or teeth, but in most parts of the planet metals like gold and silver were used. Nonetheless they were inconvenient for giant payments to or from executives and kings. Shortly, paper currency began to circulate. At last, most states established central banks to provide and regulate the nation’s currency. This was the start of currency exchange history.