Weak Currency Makes Asia-Pacific Cities Cheaper For Expats: Survey

"Recent world events, including economic and political upheavals, which resulted in currency fluctuations, cost inflation for goods and services, and volatility in accommodation prices have impacted these cities making them expensive," Mercer Global Mobility Practice Leader Senior Partner Barb Marder said.

The rupee has depreciated by more than 10 per cent in the last one month and crossed the psychological level of 60 per dollar in June-end and touched over 61-level in early July.

According to Mercer, Luanda has emerged as the most costly city for expatriates, pushing Moscow to the second spot. At the third place is Tokyo, followed by N'Djamena in Chad (fourth) and Singapore (fifth), respectively.
Other cities in the top 10 include Hong Kong (sixth), Geneva (seventh), Zurich (eighth), Bern and Sydney (both ranked ninth).
Mercer's Cost of Living Survey, helps multinational companies and governments determine compensation allowances for their expatriate employees.
New York is used as the base city, and all cities are compared against it. Currency movements are measured against the U.S. dollar.

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