What has globalization done for the value of money throughout countries

It has led to the fluctuating aspects of the value of money

Currencies have often been hard hit by the globalization effects. As  a result global and domestic factors now plays an important role in the value of currencies. A sudden domestic issue, such as the passage of  a  law can have an adverse effect on the currency, as well as global issues such as terrorism,war and oil prices.

Italy had political stability, wealth, and trade.