Herein we speculate over oil addicted countries. Nowadays oil industry is one of the most important components of the world economy, which exert influence on the development and stability of many countries, financial markets, commodity markets, as well as international relations. Oil is a powerful weapon in the hands of exporting countries, which at the same time could backfire on them. From December 2014 to January 2016 collapse in the price of oil shook the oil-dependent economies. In front of everybody, erstwhile powerful oil nations became poorer, their currencies depreciated and human wellbeing reduced. Now we see the recovery of oil prices. However, how long the largest oil exporters will enjoy bullish trend? And which countries are the most dependent on volatility in oil prices? I’m going to consider these issues in this article.
"You сhoose travel destination as financial Guru"... Floating around the Internet you could find a lot of guides how to plan your next vacation, useful travel hacks and tips how to spend the holiday of a lifetime. Of course it could be helpful. But I want to propose alternate approach for choosing your travel destination. Let’s assume that you get wages in United States dollars, have an idea of what factors affect the exchange rates, as well as don’t want to spend plenty of money on vacation. In that case I would like to bring up to speed on how to choose your travel destination taking account of the currency depreciation versus United States dollars. I chose the following countries for your next trip: Argentina, Turkey, Brazil and Russia. So let’s talk about these countries and forecast the trend of their currency exchange rates.