Currency Value Differences, Profitability, and Forex Stabilization

Globalization has both positive and negative effects on businesses. The impact of business globalization is experienced in the area of currency value because various countries or economic blocs have different units of currency. Changes in the value of a country's currency in the forex market can be a disadvantage or an advantage depending on the nature of the business or political context. In this case, if we assume $1 is equivalent to €0.7809 in U.S and €0.7793 in France, it can benefit some forex traders. However, as much as the currency value of Euro is higher than the value of U.S dollar has a positive impact on some businesses it has some disadvantages on the other side that has to be remedied.