FX fact: Roman inflation

MARKET NEWS

Today's forex dealers make their money from the fluctuating exchange rates of different global currencies. But 2000 years ago, money-changers in Ancient Rome had a far more complex job, changing coins not only of far-flung corners of the empire, but also between different Roman units, which changed in value against each other.

That job was made even more difficult by varying Roman emperors, who periodically debased the values of some coins by reducing their gold, silver or copper content, cau