We’ve mentioned in passing that the value of the US dollar has fallen significantly against the Uruguayan Peso since we moved here last May. It has fallen from about a 24:1 exchange rate to about a 19:1 exchange rate.
That’s pretty significant – it’s about a 25% drop in the last year, and that’s before you have even taken inflation into account…
So, the cost of living in Uruguay for US citizens has risen dramatically over the last year. When we arrived, our cost of living was around $1900 per month. Now we’re up to around $2400 per month (just our basic expenses).
I found this website where you can graph the change in value of 190 currencies, and it put it into even more perspective.
Here’s the change in value of the US dollar against the Uruguayan Peso in the last year:
When you’re making a decision to move abroad, it’s always a good idea to understand the trends in the currency’s value against the currency of your home country (where your income is coming from).
Right now, the value of the US Dollar against the Uruguayan Peso is the lowest it has been in about 2 years. But, if you look at the trend from the last 5 years, there is only one other dip this low. So, hopefully it will rise again before too long.
For US Citizens currently living in Uruguay, how has the fall of the value of the US Dollar affected you?