I am very happy to say that the Yen is getting much more valuable.
Since coming to Japan the Canadian Dollar relative to the Yen has dropped from about 118JPY/CAD to 96JPY/CAD. This means that the money I need to send home to pay off my student loans is now worth a lot more. Thank you world markets.
Living abroad and still having debt in Canada has exposed me to the most currency risk I have ever experienced. Aside from vacationing the movement of foreign currency prices has not had a direct and visible affect on me.
Of course going to school for business kept me aware of the currency markets and understand the less visible ways it can help or hinder our purchasing power. Even when buying local products the 'second best' option of exporting the goods can change with the value of the local currency relative to the importing market's currency and so it can easily change the price of said goods.
If your country is very oil dependent or oil rich the change in currency value can be even more apparent.
How much attention should the average person pay the currency markets?
little? none at all?
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