Currency exchange rates could matter to graduates

Currency exchange rates may become important to graduates who are considering working abroad.

According to recent figures from the Higher education Statistics Agency, around ten per cent of graduates from 2009 have failed to find work over the past year.

As the UK economy is still struggling to return to its pre-recession levels of growth, many young people are starting to look abroad for work.

International careers expert based in Rotterdam Nanette Ripmeester explained the situation to the Guardian: "Within the European Union, the UK and Spanish jobs markets have been worst-hit, but other countries such as the Netherlands, and also newer member states like Poland, have not suffered as much.

"Outside Europe, think of Asia and places like China and Singapore, where jobs markets are considerably better."

Keeping an eye of sterling's currency exchange rate could influence graduates' choice of destination as they may want to choose a country where they will get more for their pound.

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Posted by Eleanor Ward