New Zealand and UK immigration benefit from weak currencies
April 21 2009 by Ranjan Chakraborty
As the weak sterling makes moving to the UK a more attractive option for European citizens, the opposite is true for Brits who are looking to move abroad.
Those who have already moved to Euro zone countries are increasingly concerned about the weakness of sterling against the Euro. Many Brits moved to France or Spain and found they were immediately worse off. Several years ago the opposite would have been true and the turnaround has been a shock for many expats.
Mark Bodega, a currency expert from specialist firm, HiFX, says, “the potential effect of currency moves on individuals can make a massive difference to individuals needing to transfer or spend money abroad.”
However, there was a glimmer of hope last month as the pound recovered some strength against the Euro, but it continued to underperform against most of the world’s major currencies.
However, some countries such as New Zealand are also experiencing extremely volatile exchange rates. Brits who are considering moving to New Zealand have been spurred on by its weak dollar. Students are particularly keen to study in New Zealand as tuition fees are comparatively low, making it one of the cheapest places to study in the world at the moment.
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