Exchange rate fluctuations may result in a decline in international applicants to the UK, reducing significantly international funding, a report conducted by Times Higher Education shows.
The depreciation of Indian rupee against sterling as well as a sharp decline in the value of Australian’s dollar resulted in the relatively increasing cost of study in the UK. The report claims that this may result in a decline of applications from India – one of the UK’s biggest markets.
This will create difficulties for many universities, who rely on international students as sources of funding.
