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Currency fluctuation |
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Currency fluctuation. A currency has value, or worth, in relation to other currencies, and those values change constantly. For example, if demand for a particular currency is high because investors want to invest in that country's stock market or buy exports, the price of its currency will increase. Just the opposite will happen if that country suffers an economic slowdown, or investors lose confidence in its markets. While some currencies fluctuate freely against each other, such as the Japanese yen and the US dollar, others are pegged, or linked. They may be pegged to the value of another currency, such as the US dollar or the euro, or to a basket, or weighted average, of currencies. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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The interpretation of such currency fluctuation is what makes a forex trader successful and whilst in the past, knowledge and expertise was indispensable for any one to be able to trade on the foreign exchange market, today things are different. The Association of British Travel Agents estimated the currency fluctuation would add £120 to a £1,000 holiday, compared with last year. Certainly currency fluctuation plays a role in determining what portion of the project can be contracted for off-shore. |
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