Planning is the first phase of anything you want to do. Whether you are planning a vacation in Canada or want to get into a business that deals with wire transfers and such regularly; you need to plan ahead. But, with the uncertainty of an ever-changing market, you cannot exchange money Toronto at a specific rate and build your business around it. If today the US dollar is rated at 1.31 Canadian dollars; tomorrow it may be 1.05 or 2. In fact, there is no guarantee that the exchange rate will be the same for an entire day. This makes the entire equation of working across borders quite challenging. For instance, the cosmetic industry faces a consistent problem with pricing. With changes in the rate of the US dollar customers in other countries might pay increasing amounts constantly. In short, the changes in the value of different currencies in the world and business transaction are a result of the over the change in the global economy. However, a reliable foreign money ...