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At the expensive it is in Hong Kong

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At the expensive it is in Hong Kong

In the ranking of the most expensive cities in the world, Hong Kong has moved to the top spot. At the end of the this year’s list, the Namibian capital, Windhoek, is 209.

The far East metropolis displaced in the Wednesday by the consulting firm Mercer presented statement of the Angolan capital, Luanda, which had for three years as the most expensive city in the world.

Foreign visitors in Hong Kong is especially deep in the pocket, has to do mainly with exchange rate fluctuations. The currency of China’s special economic zone, the Hong Kong Dollar, is pegged to the US Dollar, which has gained in the past few months. This makes the city especially for visitors from Germany and other Euro countries are currently very expensive.

The price level within the studied cities, however, have been largely stable, says Mercer in Paris. Some cities had become a result of fluctuations in the exchange rates, even significantly cheaper. The drop in value of the Russian ruble, for example, is Moscow from rank 17 to 67 of the list.

Tokyo advances due to the strong Yen from eleventh place to fifth, behind Singapore, in fourth place, and Zurich. The former leader of Luanda pushes. Due to the strong US dollar, several cities moved up in the United States in the rankings to the top.

For the establishment of Mercer examines each year the cost of living in more than 200 cities. It is, among other things, the costs for accommodation, food, transport and leisure.

is/ks (AFP)

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