PREFACE

There is nothing mysterious or difficult about foreign exchange when it is studied in the light of domestic exchange, which is easily understood, and in this volume I have endeavored to explain the essential principles of both domestic and foreign exchange in simple language, and with suitable illustrations. In this volume practically every form of exchange has been dealt with, and it is hoped that it will prove useful to the exporter and importer, as well as to business men in general, who are interested in the general aspects of the subject.

The tables dealing with gold values are all original calculations, based on data obtained from the various Mints, while for some of the silver values I am indebted to Mr. Gonzales’ excellent little book *’Modern Foreign Exchange,” and for general matter to my own book, “Notes on Foreign Exchange.”

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