The COVID-19 Delta variant is widespread in several regions, particularly in Southeast Asia and various parts of Africa. The fear of a second economic lockdown negatively impacted many currencies as countries decide whether to impose further restrictions on the public.
For those who like to organize their expenses, having a budget or a spendable amount is key. In the world of global mobility, the concept of spendable income is a central element for calculating the Cost-of-Living Allowance (COLA). As the Spendable increases, the COLA increases in the exact same proportion, and everything else remains equal.
South Africa had a rough July of civil protests, rioting, and looting. Lives were lost, shopping malls were robbed, shops, petrol stations, and even whole suburbs were burnt to the ground, leaving many without food, supplies, and medication.
Central Banks in many countries adjusted their policy to combat inflation as product prices around the world begin to increase. Countries with increased interest rates have seen an appreciation with their currency.
The reopening of economies and industry has helped many countries improve their economic outlook as trade resumes. Civil unrest is negatively impacting some countries that are experiencing conflict between the public and government
There has been movement in the foreign exchange markets due to the reopening of economies and political action within and between governments. Many countries are showing signs of stability and strength...
Movement Continues in the Foreign Exchange Market - This movement is caused by a rise in pandemic cases, hyper-inflation, recovery of oil prices, and more. Below are AIRINC’s summaries of the rate changes above 3.5% taken from our review last week.
2021 continues to be tumultuous for the global economy, as impacts of conditions throughout the year come due, and new issues emerge to impact markets. Below find our summaries of some of the month’s biggest changes in foreign exchange.
2020 proved to be a year of unprecedented social, political, and economic turbulence. Though the onset of the COVID-19 vaccine rollout and the change of Administration in U.S. have inspired some hope that a return to “normal” life is possible in the foreseeable future, many markets remain turbulent.
The challenges to Global Mobility during the Covid-19 pandemic seem to be never-ending: travel restrictions, immigration difficulties, stress on assignees, and so many others. Companies are stepping up to these challenges in a variety of ways, but how many are providing additional cash incentives, by way of expatriate premiums, to help international assignees during these challenging times?