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Political and geopolitical happenings can also have a significant impact. **Political stability** is a big one. Any kind of uncertainty, such as elections, policy changes, or even social unrest, can create volatility in the market. Traders may move away from currencies of countries facing political instability. **Geopolitical events**, like international conflicts or trade wars, can cause major shifts. These events can create uncertainty and lead to fluctuations in exchange rates as investors seek safe havens for their money. For example, a major political event in the US or Europe can significantly affect the values of the EUR and USD. Staying informed about political events, particularly those with economic implications, is essential if you are an investor, or someone who frequently converts currencies.
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| Turnaround Time | Varies based on service level | Varies based on service level |
