Shifting currencies expected to drive growth for more affordable destinations – Education Ireland MY

Shifting currencies expected to drive growth for more affordable destinations

Short on time? Here are the highlights:

  • Currency values play an important role in shaping demand for study abroad
  • We are seeing reports of actual and projected shifts in student mobility in response to dramatic (i.e., 30% or more) changes in currency exchange rates
  • Two recent examples are Canada, which is expected to attract more American students in 2016/17, and Russia, which anticipates continued enrolment growth from European and Asian markets in 2016
  • Both destinations have seen their currencies fall off by about 30% against the US dollar

Read full passage on http://monitor.icef.com/2016/02/shifting-currencies-expected-to-drive-growth-for-more-affordable-destinations/