It depends on how often these changes are and who or what changes them. For some specific application parameters, it is best to use an XML or config file in which developers are responsible for updating it. For other "business" values (for example, exchange rates, tax rates, etc.), it is best to store them in a database and provide a user interface for users (not developers) to update.
It also depends on how many applications depend on this value, for example, if several applications depend on some parameters (for example, the email server address), it is best to place it in the database, since it will be easily accessible from anywhere where the application is running .
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