Exchange rates fluctuations

Second quarter 2018

Our upcoming cost of living indices are being prepared (June 2018 surveys). Until they are published, here is a selection of most significant exchange rate changes, measured between March and June 2018. These variations, calculated against the Euro, will probably have an important impact on our next indices.

• Most notably, the US dollar strengthened against the euro, gaining more than 7% in three months. Many other currencies, linked to the US dollar, are facing the same trend.
• In Venezuela, the introduction of a new currency, the Bolivar Soberano has been postponed until August. In the meantime, the Bolivar Fuerte still depreciates (around 45% loss in one quarter).
• We can also notice the strong decline of the Argentinian peso, which will probably lead to a significant decrease of cost of living for expatriates in this country.