Impact of Fluctuating Forex on Int'l Students Living Standards in UK

This report investigates the impact of fluctuating foreign exchange rates on the living standards of international students in the UK. It employs an explanatory research design, gathering data from 20 international students through a survey with closed-ended questions. The study tests the hypothesis that unstable foreign exchange rates significantly impact students' living standards. The report includes descriptive statistics, analyzing factors such as gender, age, nationality, living arrangements, financial independence, and the extent to which students adjust their spending based on exchange rate fluctuations. The findings reveal insights into how students manage their finances amidst global economic changes. Desklib provides access to this report and other study resources.

Impact of fluctuating foreign
exchange rate on the living
standards of international students
in UK

TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................3
DISCUSSION OF METHODOLOGY............................................................................................3
HYPOTHESES................................................................................................................................4
ETHICAL ISSUES AND PRIVACY ISSUES...............................................................................4
RESULTS OF THE INVESTIGATION.........................................................................................4
ANALYSIS....................................................................................................................................25
IMPROVEMENTS........................................................................................................................27
REFERENCES..............................................................................................................................29

INTRODUCTION
The foreign exchange rate is being defined as the rate of exchange between the two currencies. In simple
terms it is referred to as the rate for which one currency will can be exchanged for another currency. For any
person to work in stay or work in another country need to have currency of that country. Thus, for this they will
exchange their currency with that of the another country currency at the exchange rate prevailing. In case the
foreign exchange rate is unstable then this will affect the living standard to a great extent. When it comes to an
international student in UK then they will have to face the impact of unstable foreign exchange rate to a great
extent. This is pertaining to the fact that when the foreign exchange rate will not be stable then expenses of
students will also not be stable and this will affect the working and expenses of the student to a great extent. The
current study will outline the impact of unstable foreign exchange rate over the standard of living of an
international student in UK.
DISCUSSION OF METHODOLOGY
Design consideration
The present study is based on the use of different research design but the major focus is on the explanatory
research design. The reason pertaining to the fact is that the research is based on analysing the impact of
unstable forex over living standard of international student in UK. Thus, the use of explanatory research will
assist in developing knowledge and increase information and data relating to the research topic. Hence, this is
very good for the researcher to apply the use of explanatory research in order to examine the impact of unstable
forex upon living standard. For this the data has been collected from 20 respondents who are living within UK.
This is particularly being selected because only the student can share that how much expense do they incur
within UK due to the unstable foreign exchange rate.
Survey design
The survey design is being referred to as the process through which a survey is being created with the aim of
ascertaining the maximum output from the survey research. this is very essential for the success of the research
as if the data is collected in proper and effective manner then only the research will be providing better insight
and output. The survey research design is defined as the procedure within the quantitative research which is
being used within the present research over analysing impact of unstable foreign exchange on living standards
of international student in UK. Under this survey design the investigator analyses or administer a survey from a
particular sample or complete population. In the present study which is based on analysing the impact of
unstable foreign exchange over the standard of living of international student in UK the use of 20 students for
the sample was selected. Under this the questions were asked to the respondent relating to the research topic.
All the questions being asked from the respondent were in form of closed ended questions and due to this a
generalised analysis can be undertaken. This is particularly because of the reason that when respondents are
having only limited options to answer then this will be providing a generalised view of the whole population.

HYPOTHESES
The hypothesis is being defined as the statement which is a proposed explanation of any of the phenomenon.
The hypothesis is the statement which are made in accordance with the research aim or objective on which the
whole study is being based. The hypothesis is being treated as basis for the completion of the study. The
hypothesis for the current study on impact of foreign exchange on standard of living of international student in
UK are as follows-
H0- There is no impact of unstable foreign exchange over the standard of living of international student.
H1- There is significant impact of unstable foreign exchange over the standard of living of international student
ETHICAL ISSUES AND PRIVACY ISSUES
RESULTS OF THE INVESTIGATION
Descriptive statistics
1. What
is your
Gender?
2. What
is your
age?
3. What is
your
nationality
?
4.
Have
you
been
living
in UK
during
your
term
time?
5.
How
long
have
you
been
in
UK?
6. You
are -
7. Are you
financially
independent
?
8. Are
you
dependen
t on your
home
currency
to any
extent?
9. Do
you go
through
foreign
exchang
e rates'
index?
10. How
often do
you go
through
foreign
exchang
e rates?
N
Valid 20 20 20 20 20 20 20 20 20 20
Missin
g 0 0 0 0 0 0 0 0 0 0
Mean 1.5500 2.2500 3.6500 1.050
0
1.150
0
1.500
0 2.0500 1.7500 1.2000 2.7000
Median 2.0000 2.0000 4.5000 1.000
0
1.000
0
1.000
0 1.0000 2.0000 1.0000 3.0000
Mode 2.00 1.00 5.00 1.00 1.00 1.00 1.00 2.00 1.00 3.00
Std.
Deviation .51042 1.3717
1 1.56525 .2236
1
.4893
6
.8885
2 2.43818 .44426 .41039 .86450
Range 1.00 4.00 4.00 1.00 2.00 2.00 11.00 1.00 1.00 3.00

11. Do
you have
to adjust
your
spending
accordin
g to the
foreign
exchange
rate for
the
month?
12. Do
you
think the
exchang
e rate
stays
stable?
13. Are
you
satisfied
with the
fluctuation
s of the
exchange
rates?
14. Do
you think
the
exchange
rates have
been
fluctuatin
g more
since the
global
pandemic
?
15. Do
you have
to adjust
your
monthly
budget
accordin
g to the
exchange
rate
every
month?
16. Do
you have
to
downsize
your
monthly
budget
according
to the
fluctuatin
g
exchange
rates?
17. How
satisfied
were you
with your
monthly
spending
before the
global
pandemic
with less
fluctuation
s of
exchange
rates?
18. How
satisfied
are you
with
your
spending
ever
since the
global
pandemi
c has
caused
unstable
exchang
e rate?
19. Do
you think
the
exchange
rate
fluctuatio
n is
affecting
your
living
standard?
20. How
much is
your
living
standard
being
affected
?
20 20 20 20 20 20 20 20 20 20
0 0 0 0 0 0 0 0 0 0
1.4500 1.8500 3.1000 1.2000 1.6000 1.6000 2.4000 3.0500 1.3500 2.4500
1.0000 2.0000 3.0000 1.0000 2.0000 2.0000 3.0000 3.0000 1.0000 3.0000
1.00 2.00 3.00 1.00 2.00 2.00 3.00 3.00 1.00 3.00
.51042 .58714 1.07115 .41039 .50262 .50262 .75394 .94451 .48936 1.05006
1.00 2.00 4.00 1.00 1.00 1.00 2.00 4.00 1.00 3.00
Q1
Frequency Percent
Valid
Male 9 45.0
Female 11 55.0
Total 20 100.0

From the evaluation of bar graph it can be interpreted that female students have largely given there
respond regarding the prevailing issue of fluctuating exchange rate's impact on the living standard of
international students.
Q2
Frequency Percent
Valid
20-25 8 40.0
26-30 5 25.0
31-35 3 15.0
36-40 2 10.0
Above 40 2 10.0
Total 20 100.0

The above illustrated pictorial presentation it can be articulated that large number of respondents are
those who lies in 20-25 age group. It can be interpreted that investigation regarding changing currency value
regarding international students has collected views of younger students.
Q3
Frequency Percent
Valid
Pakistani 3 15.0
Nigerian 2 10.0
Bangladeshi 4 20.0
Nigeria 1 5.0
Iranian 10 50.0
Total 20 100.0

On the basis of this, it can be stated that information gathered is comprises higher Iranian resident’s
students who are studying in international platform. Bangladeshi, Pakistani, Nigerian and Nigeria are those
who has higher to low number of respondents respectively.
Q4
Frequency Percent
Valid
Yes 19 95.0
No 1 5.0
Total 20 100.0

The above presented picture can be taken into consideration for gaining clarity regarding that students
have been living in UK during their term time. Maximum number has voted for the option yes which is
indicating that they have been living in UK during their term time.
Q5
Frequency Percent
Valid
0-2 years 18 90.0
3-5 years 1 5.0
More than 5 years 1 5.0
Total 20 100.0

From the assessment it can be identified that selected sample for the particular topic regarding changing
exchange rate's impact on living life style of students in terms of their presence in UK (Gong and Dai, 2017). It
can be said that maximum number of international students are living in UK from 0-2 years where as in 3-5 &
more than 5 years there is only 1 and 1 respondents in UK.
Q6
Frequency Percent
Valid
Student with a part time job 15 75.0
Full time student with no job 5 25.0
Total 20 100.0

On the basis of above chart it can be articulated that students with part time job are more who share
their views regarding fluctuating exchange rate. It can be interpreted that out of 20, 15 international student
work as part time and only 5 people are working as their full time job.
Q7
Frequency Percent
Valid
Yes 11 55.0
No 6 30.0
Prefer not to answer 2 10.0
1,2 1 5.0
Total 20 100.0

From the assessment of above pictorial chart it can be stated that 55% of student prefer themselves as
independent. 30% of students considered themselves as dependent as they have voted in against off mentioned
question. 10% does not prefer to answer about their financial status and 5% are confuse and considered to be
both independent & dependent.
Q8
Frequency Percent
Valid
Not dependent at all 5 25.0
Somewhat dependent 15 75.0
Total 20 100.0