Usually I withdraw money from my account in my home country's currency, to where I live, so the conversion rate is applied and I get the money in the currency of the country I live in. I am very active on exchange rates, what puzzles me is: how can the exchange rates go up and down? I read it can be many factors such as the ones listed here, but what I really want to know, which country do these things affect? There is a timezone difference of 5 hours between where I live and my home country, so in morning, when I saw the rate around 6am it was pretty low, but few hours later it soared up.
How can I figure out whose country or currency has the most impact with exchange rates going up and down in matter of hours or even minutes, as I want to take convert currency when the exchange rate is low (GB Sterling)