Since the breakdown of the Bretton Woods system of fixed exchange rates in 1973, exchange rates between major currencies have displayed large fluctuations.

• 从1973年布雷顿森林体系崩溃以来，各主要国家货币之间的汇率波动十分剧烈。 汇率波动呈现出与股票等资产的价格相同的特点，这启发人们将汇率看成是一种资产价格。