[fa icon="calendar'] Nov 02, 2018 @ 06:29 AM / by Michelle Curran
Cost of Living Allowances (COLA) are affected by complex economic factors like exchange rate fluctuation and economic volatility, which are highly unpredictable. For a COLA to be effective, the allowance must be reviewed and updated periodically to take these factors into account.
[fa icon="calendar'] Oct 23, 2018 @ 10:38 AM / by Genie Martens
News about extraordinary economic volatility in major emerging market countries such as Argentina, Brazil, Turkey, South Africa, and others has global mobility departments questioning whether they need to take any special measures to address the concerns of their international assignees.
[fa icon="calendar'] Aug 27, 2018 @ 12:19 PM / by Morgan Grenier
The economy of Venezuela continues to be one of the most volatile in the world. On Friday, August 17, President Nicolas Maduro announced the devaluation of the Bolivar Fuerte (VEF) from about 250,000 to 6,000,000 VEF to 1 USD.
[fa icon="calendar'] Aug 15, 2018 @ 04:01 PM / by Meleah Paull
The Turkish lira has had a volatile year and an especially tumultuous past week. In July, the Central Bank of Turkey alarmed investors by keeping interest rates steady even as CPI annual inflation rose to double digits.
[fa icon="calendar'] May 11, 2018 @ 12:39 PM / by Alex Davis
The DICOM auctions in Venezuela, suspended since August 31, 2017, have resumed. The results of the first auction since the suspension were published on February 5 and marked a significant devaluation, from 3,345 VEF to 25,000 VEF to the dollar.
[fa icon="calendar'] Apr 10, 2018 @ 04:18 PM / by Morgan Grenier
[fa icon="calendar'] Sep 22, 2017 @ 12:51 PM / by Natalie Tong
[fa icon="calendar'] Jul 31, 2017 @ 01:05 PM / by Morgan Grenier
The anticipation is over! Here are summaries of the recent exchange rate changes of more than 4%:
