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Answer:
It fluctuates
Step-by-step explanation:
The exchange rate is always changing therefore say £1 was worth $2 then it changed to £1 being worth $1.50. Its constsantly changing.
Exchange rate risk is the risk that investors and business people have when converting their money to a foreign currency to invest or do business. It is the risk that the money might not be worth as much when it eventually gets converted back to the domestic currency.