Global Currency Trends-An Overview

While offshoring, companies rarely look into the currency trends of the destination country. Often, volatile and fluctuating currencies coupled with poor planning can eat into their savings or worse end up costing more than onsite. Hence, the exchange rate trends of the country’s currency has to be one of the major factors when selecting from different offshore destination countries. A steady lower currency value of the destination country generally ensures higher ‘return on investment(ROI) to the country which invests. A volatile currency can definitely impact the planning and budget allocation for offshore initiatives

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