finds itself stuck in the mud, with its economy smaller than it was in 2008. That's led lots of investors to decide that maybe the pound isn't such a good bet, which has sent its value plummeting. Of course, if you plan to study in the UK, that's perfect news!


#3 Cheapest: The Eurozone (Holland, Germany, France)


Sad to say, but if you plan to study in the Eurozone, you'll be no better off today than if you'd bought your euros 6 months ago. This is because the common currency (as its sometimes called) has held its value remarkably well, in spite of the fact


Eurozone become a much more affordable place to study. So in this case, keep an eye on the headlines!


# 4 Cheapest: USA


Last of all, the United States is poised to become a more expensive place to study in the near future, as the US dollar gains value. How come this is going to happen? Well, it's because the greenback has been kept artificially low in the last 5 years, thanks to the Federal Reserve's policy of printing money to stimulate the economy. Yet now, with the US economy on the mend, the Fed no longer has so much reason to print money, which will give the US dollar a sharp boost. As to when this could happen, it could be as soon as next month! In other words, if you plan to study in the US, best to buy your dollars now, before the currency becomes more expensive.


About the Author


Peter Lavelle is a foreign exchange broker at currency specialist Pure FX. He's worked in foreign exchange since 2010, before which he studied English Literature at the University of York. He currently lives in Madrid, Spain.


As to whether the UK will continue to become a cheaper place to study, that's by no means certain. This is because, just in the last month or so, economic news out of Britain has picked up, leading some economists to predict that the UK's 5-year stagnation is at an end. In other words, the UK is a cheaper place to study now, but if you want to make the most of this, you'll need to get your skates on!


that Europe is mired in its deepest recession since the euro came into existence, in 1999. However, this isn't to say that the Eurozone won't become a cheaper place to study in the future. This is because, with the Eurozone, there's always the risk that the debt crisis will come up again. For instance, Greece might readopt the drachma, or Belgium might split in two. And if any of that happens, the euro will fall, and the


If you'd like advice about exchanging currencies before you study abroad, contact Peter at peter.lavelle@purefx.co.uk, or call +44 (0) 1494 671800.


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