"Exchange fluctuations" refers to the changes or variations in the value of one currency relative to another currency. It is a term used to describe the ups and downs in the exchange rates between different currencies. Full definition
If not for foreign exchange fluctuations, revenue would have risen narrowly, the company said. (cnbc.com)
In other words, Maple Bonds provide an opportunity to invest in foreign companies without having to manage the effects of currency exchange fluctuations. (investopedia.com)
As a result, the gain / loss percentage is a calculation that factors in foreign - exchange fluctuations as well as movement in the share price. (theglobeandmail.com)