WHAT'S THE CHEAPEST COUNTRY TO STUDY IN, FROM
A CURRENCY STANDPOINT By PeterLavelle
Note: The following article compares relative recent currency fluctuations between the most popular study destinations only. It does not take into account the cost of living or the cost of degree courses.
When you plan to study abroad, you tend to think about things like the quality of the university, or the culture of the country. However, one of the things that can have a big impact on where you decide to study is the cost of living. And in this respect, the foreign exchange rate can make a country suddenly affordable, or too expensive to consider. So, what's the cheapest country to study in this year, from a currency standpoint? Find out here!
#1 Cheapest: Australia
Without a doubt, the cheapest place to study in 2013 from a currency standpoint is Australia. This is because the Australian dollar has lost around 10.0% of its value since the start of the year. Wondering what kind of a difference that will make to you Australian dollar total? Well, let's say you plan to exchange £25,000, to cover your studies Down Under. Compared to January 1st, you'd now get +AU$2,375 more today than if you'd exchanged currencies 6 months ago. Which, let's face it, isn't just pocket change.
Moreover, it's possible that Australia will become an even cheaper place to study in the next 12 months. This is because Australia's economy has hit a bit of a tough spot which, although it won't affect your studies, does mean that the Australian dollar is really coming down. So if Australia goes into recession in 2014 for instance, which isn't impossible, you could wind up with an even higher total when you buy
Australian dollars. Something to keep in mind when you decide where to study!
#2 Cheapest: UK
Next up, the UK has become a much more affordable place to study since the start of 2013 too. British sterling has lost around 7.0% of its value against a basket of currencies. Why, you may ask? Well, it's because 5 years on since the Financial Crisis, the UK still
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