Currency values can fluctuate dramatically.

Currency values can fluctuate dramatically due to various factors such as economic indicators, geopolitical events, market speculation, and central bank policies. These fluctuations can impact international trade, investment decisions, and even travel expenses. Traders in the foreign exchange market constantly monitor these changes to make informed decisions on buying and selling currencies. Understanding the reasons behind currency fluctuations is crucial for individuals, businesses, and governments to navigate the global economy effectively. Major currencies like the US dollar, Euro, Japanese Yen, and British Pound are among the most widely traded and influential in the world.