How Stock Exchange Rate Evolved Over Time

Evolution of Exchange Rates
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Evolution of Exchange Rates
The stock exchange rate is vital to business individuals and accountants. Looking back at the traditional exchange rates, it is noticeable that many transitions have occurred. The transitions are caused by the rapid economic growth nationally and globally (Wong, 2017). The transition in the exchange rate has also intensified due to new stock exchange policies and an increased digitalization rate. Therefore, it is necessary to understand how exchange rates have evolved.
Traditionally, the stock exchange was based on several floor brokers purchasing and selling stock. The process has changed due to economic adjustments. Stock exchange evolution began in the 1990s when the world became more interlinked. Window operations have been introduced into the stock market where hasting on the floor is not considered (Vlasov, 2017). Internet technology has become helpful in the stock exchange, thus shaping the process. Besides, develo...