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.
  

The most expensive cities worldwide - 2017

Expat cost of living ranking

Ranking

EuroCost International's annual cost of living ranking compares expat living costs in major locations worldwide, including housing costs but excluding health and education costs.

The 2017 ranking is based on prices collected in June 2017 and updated with August 2017 exchange rates. 270 locations have been considered for this ranking.

Expat Rent Prices – 2017 Worldwide City Ranking

• Consequence of the Brexit vote : London is no longer the most expensive city to find a flat for expats

• American cities continue to progress in the ranking

• Paris is now only 27th

EuroCost International publishes its new worldwide ranking of rents paid by expats.

Although expat housing conditions can vary a lot from one country to another, EuroCost International publishes a yearly worldwide ranking based on a specific type of housing.

This time, we have considered 2- and 3-bedroom flats (average prices converted in euros, reference date December 2016).