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Is the Currency Exchange Rate Stable?

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Is the Currency Exchange Rate Stable?

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Exchanging money at the wrong time can add expenses to the trip: You decide to make a trip to Vietnam and have a 1000 Euros in cash available for the trip and intent to exchange those Euros to Dong when you land at the airport in a couple of days. The foreign exchange market is changing constantly and could move 1400 hundred points in just two or three days and if it does it could cost you 140 Euros when you exchange your money. If your trip has been planned for several months the exchange difference could even be greater due to market movement, which means that the original 1000 Euros are now considerably less. The currency exchange market not only goes through minor changes; there could be sudden shocks in certain emerging countries currencies that devalue your original travel money. Countries like Hungary, Russia and Argentina could experience a major movement in their currency value and from that situation hundreds of Euros could be lost, if you exchange cash at the wrong time. In

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