Expats from the United Arab Emirates: Why do the Indian, Pakistani rupees and Philippine pesos fluctuate? more that others?

Expats from the United Arab Emirates: Why do the Indian, Pakistani rupees and Philippine pesos fluctuate? more that others?

Customers check exchange rates at an exchange office in Dubai. Image used for illustration purposes. Image Credit: Gulf News Archives

Dubai: Have you ever wondered why some currencies fluctuate and why some rotate? more volatile than the others? While some exchange rates are reaching all-time highs, others are plunging to historically low levels. Exchange rates are constantly fluctuating, but what, exactly, drives the value of a currency up and down?

It is true that with 180 currencies in the world, the value of the currency of any country does not remain static, and when it is indexed to other currencies, the value of money …

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