Charles Peabody, the bank analyst at Mitchell Securities, is more concerned about bank reliance on currency volatility.

Markets Commercial banks are thriving on the currency volatility that has distressed central bankers, government leaders and individual investors in recent days.

Once-barreling economies are tripping up, and the region has entered a new era of currency volatility that has shaken even the strongest institutions.

Avon shares fell $9.875, or 27.6 percent, to close at $25.8125 after the company said it was suffering from weak economies abroad, currency volatility and stiff domestic competition.

"It has reduced the risk of currency volatility in the rest of Asia, which has allowed markets like Hong Kong to cut their own interest rates."

Consumers take part in cross-border trading in order to broaden their product selection, gain access to a larger market place, or to take advantage of currency volatility.

Viewed as Dangerous American officials have always viewed such currency volatility as dangerous.

China's financial system remains fragile, and sudden currency volatility could lead to a banking crisis that could spell disaster for the world economy.

Throughout the conference, speakers emphasized the need to have exchange-rate stability and perhaps new international mechanisms to help reduce currency volatility.

South Africa's Finance Minister Gordhan said more needed to be done about the global currency volatility triggered by the debt problems.