water   Water is a gas when it is steam. It condenses to liquid, becoming water. It becomes solid when it freezes, and then becomes liquid again as it melts. The entire pro â¦ cess depends on temperature. The molecular structure of water does not change throughout all these changes.
Volatile Definition: Volatile refers to a substance that vaporizes readily. Volatility is a measure of how readily a substance vaporizes. By Anne Marie Helmenstine, Ph.D.
Usually the wider range of fluctuations (higher volatility) means higher trading risks involved. In this manner volatility is esteemed as a random value and its mathematical modeling provides basis for all risk assessment methods, used on Foreign Exchange market. For volatility measurement statistical standard deviation is calculated. It also determines exposure of financial investments.