FX Week

FX fact: first American currency

MARKET NEWS

Three hundred and fifty years ago, foreign exchange was being transacted in Manhattan, much as it is today.

But in the early 17th century, the predecessors of today’s euro/dollar dealers and exotic options specialists were Puritan colonists, trading wampum beads with native Americans in exchange for furs, food and land.

Wampum, made of quahog clam shells found along the coast from Massachusetts to Long Island, were used by the native Americans for hundreds of years before the arrival of Euro

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Week account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: