Winters are fairly cold in the desert. The average highest temperature is in the upper 50s Fahrenheit. The average lowest temperature is near 30 degrees Fahrenheit (though it can drop down to about 5 or 10 degrees). Elevations range from 2,310 to 3,110 feet.
A landmark system for monetary and exchange rate management established in 1944. The Bretton Woods Agreement was developed at the United Nations Monetary and Financial Conference held in Bretton Woods, New Hampshire, from July 1 to July 22, 1944.
The first exchange system was the Swiss WIR Bank. It was founded in 1934 as a result of currency shortages after the stock market crash of 1929. WIR is both an abbreviation of Wirtschaftsring and the word for we in German, reminding participants that the economic circle is also a community.