ups and downs in currency price, in a specifice time , is called volatility. In other words when a currency price is change from lower to lowest place and higher to highest place is called volatility.
when there is less changes in currency prince is called low volatility whereas if there is high changes in currency prince is called high volatility .
Method of judgement and analyze the volatility:
there are some ways to analyze the volatility
easyforexpk 