unless it has a huge derivatives layer pasted on top of it that accommodates stable prices.
there you go now you got it.
this "huge derivatives layer" is a naturally occurring phenomena in currency markets.
the long term expectations smooth out the short term volatility.
right now the exact opposite is happening, long term expectations are creating MASSIVE volatility short term, but that will change.
yes i've pulled this theory out of my ass.. but i stand by it.