The U.S. Dollar has risen in value comparably to other major currencies including the GBP and EUR causing many smaller economies to be affected.
In late February 2022, Russia invaded Ukraine by means of airstrikes and infantry. This major conflict has driven several countries’ currencies to depreciate as political stability decreased in the area.
Turkey’s annual inflation has been soaring to record-high levels since the currency devaluation triggered by interest rate cuts last year.
As we review the ongoing crisis in Lebanon, our data and client engagement teams have paired up to provide information about the markets and details on how organizations are handling the challenges associated with inbound and outbound Lebanon assignments.
With the ruble falling almost 15% over the weekend, you may soon be hearing concerns about Cost of Living Adjustments (COLAs) and exchanging money from your assignees in and out of Russia.
Many of January’s exchange rate fluctuations result from interest rate changes during the latter half of 2021.
In countries with unstable currencies it is common for employees to save and spend some of their salary in hard currency.
Since the start of the pandemic, the United States has experienced unprecedented spikes in real estate values with average home values increasing over 17% in just 18 months. Some key markets have seen spikes upwards of 50%.
