UAE expats: Why does Indian, Pakistani Rupee, Philippine Peso fluctuate more than others?

UAE expats: Why does Indian, Pakistani Rupee, Philippine Peso fluctuate more than others?

Dubai: Ever wondered why some currencies fluctuate and why do some turn more volatile than others? While some currency rates are jumping to all-time highs, others plunge to record lows. Exchange rates are constantly fluctuating, but what, exactly, causes a currency's value to rise and fall? It is true that with 180 currencies around the globe, no country's currency value remains static, and when pegged with other currencies, the value of money changes every moment. However, why some currencies fluctuate more than others, is the same reason why international online shops sometimes list prices in US Dollar or Euro, or when you go on an overseas holiday, certain services are priced in a non-domestic currency - some currencies are stronger or more stable than others. Before we know why exactly that is, and to understand why some countries witness unpredictable movements in exchange rates in the global foreign exchange market (known as currency volatility, foreign exchange or FX volatility) - let's first see which currencies are more volatile than others. Asian currencies - particularly those of India, Pakistan, Bangladesh, Sri Lanka and the Philippines - have consistently been more volatile compared to more stable currencies like the US Dollar, the