Currency fluctuations and cost of living
“As a direct impact of the economic downturn over the last year we have observed significant fluctuations in most of the world’s currencies, which have had a profound impact on this year’s ranking”, said Nathalie Constantin-Métral, senior researcher at Mercer.
“Many currencies, including the Euro and British pound, have weakened considerably against a strong US dollar causing a number of European cities to plummet in the rankings,” she continued.
Top 10 most expensive cities for expatriates
“Many currencies, including the Euro and British pound, have weakened considerably against a strong US dollar causing a number of European cities to plummet in the rankings,” she continued.
Top 10 most expensive cities for expatriates
| Rank | City (Rank 2008) |
| 1. | Tokyo (2) |
| 2. | Osaka (11) |
| 3. | Moscow (1) |
| 4. | Geneva (8) |
| 5. | Hong Kong (6) |
| 6. | Zurich (9) |
| 7. | Copenhagen (7) |
| 8. | New York City (22) |
| 9. | Beijing (20) |
| 10 | Singapore (13) |