ICEF Monitor – The relationship between currency exchange and student mobility
9 Dec 2015
It has been a tumultuous year for the world economy, which in many quarters is still recovering from the deep economic shocks of the 2008 global economic crisis.
There is of course a linkage between foreign exchange and demand for study abroad. It arises from the simple fact that if your home currency weakens against the currency of the study destination you have in mind, your study programme effectively becomes more expensive – you need more of your local currency to pay tuition and living costs in dollars or euros or pounds while abroad.
In this sense, foreign exchange rates play a role, sometimes a key part indeed, in shaping demand for study abroad. There is debate, however, about how much of an effect they have, or, more to the point, how much a currency needs to shift before demand for study overseas is significantly affected.
“Read the full article on ICEF Monitor” – Source: http://monitor.icef.com/2015/12/the-relationship-between-currency-exchange-and-student-mobility/