Currency fluctuations refer to the constant changes in the value of one currency compared to another. Basically, it means that the worth of money from one country changes over time when exchanged for money from a different country. Full definition
Investors investing in a fund with its base currency different from their own local currency are subject to the risk of currency fluctuations between their local currency and the fund's base currency. (franklintempleton.lu)
The fund's investments in foreign securities involve certain risks including currency fluctuations, and economic and political uncertainties. (us.beyondbullsandbears.com)
International investing involves certain risks, such as currency fluctuations, economic instability and political developments. (morganstanley.com)