Exchange rates have low or not effect under gold standards. It can be seen from the 40 years stabled price of gold in United Kingdom , United States of America and Germany . But after world war, the countries which were committed to deal among the gold standards start breaking and thereby the gold standards also.

Talking about past 35 years, gold prices were quiet stable as well as fluctuating at different times due to a lot of reasons. In 1974, gold price was around $90 per oz. which climbed to $860 per oz. in 1980, reaching the top most in the 20th century. This short duration has seen an immense and enormous in the gold prices. After that, the gold prices started slashing and reached to $295 in 1985.

Till 2000, the gold prices were quiet stable and didn't see any major change. In 1994, it was $320 per oz. However, entering into the 21st century, a lot many causes become the reason for the height of the gold price. The gold price reached $710 per oz. in 2005 and $1000 per oz. in 2008. Currently, the prices are stable for a long period of time.