The euro slumped on Thursday following the European Central Bank’s (ECB) latest interest rate decision.
Possibly the most important element to consider is the school systems, to ensure that your child will still have the best opportunities available to them. In this article we will be looking at the top 5 international education systems in 2021 as according to the Best Countries Report by US News and World Report.
AmericaRanked number one, America’s education system is divided into three levels: Elementary, Middle and High School, where children are taught a variety of subjects all the way through to Year 12 instead of subject specialising in the same manner that the UK system does.
At the end of their school career, a child’s opportunity to process onto higher education is determined by a mixture of elements: grades, teachers’ opinions and their extracurricular, rather than solely relying on their exam results.
GermanyGermany’s schools are often only open in the morning, with children attending classes from 7:30am through to 1:30pm. This provides children with more free time enabling them to strike up a work / life balance which will hopefully continue into adulthood.
The German education system focuses heavily on reading, writing and arithmetic as these subjects are deemed the most important. However, Germany does provide a lot more homework than many of the other countries on this list.
CanadaCanada’s public education system is a high priority for the Canadian government and is, in turn, extremely well-funded, offering one of the best education systems in the world.
Mandatory schooling begins at 6 years old, though many children attend kindergarden before then. Canada’s emphasis on unity is seen throughout the classroom which allows children – both Canadian citizens and those who have moved across – to blossom.
Due to this unity, all children achieve good grades despite the differences in their backgrounds, providing them all with the opportunity to lead successful lives.
FranceThe French education system is similar to the UK with a few minor changes. Unlike the UK, students don’t wear a uniform to promote individualism. The school days are also longer, often starting at 8:30am and finishing at 4:30pm, usually having an hour and a half for lunchbreak.
Subject-wise, private faith schools are normally the only ones to educate on religious studies and mainstream, public schools don’t often teach drama or food tech.
SwitzerlandSwitzerland’s education system emphasises on equality, ensuring that every child achieves to the best of their ability regardless of their economic background. It is decentralised which enables local amenities to decide what is deemed the most important, whilst also adhering to the targets outlined by the central government.
The majority of schools are free, however the taxes in Switzerland are higher than most other countries. This is to fund the excellent teaching but may also be worth taking into consideration when choosing a country to migrate to.
How Currencies Direct can help youMoving abroad with a young family is an extremely exciting situation, but also comes with a large amount of challenges.
Asides from the education of your children, sorting out your finances is also a huge undertaking. Currencies Direct offers several products which will help you to organise your financial situation before you move.
Spot ContractA spot contract is ideal for time-sensitive situations because it allows your money to be transferred immediately.
The only thing you have to do is settle on the exchange rate. As soon as Currencies Direct receives your money, it will be transferred instantly.
This can be used in any situation when time is of the essence, such as putting down a deposit on a place to rent.
Forward ContractA forward contract can be used throughout the planning process of your big move abroad – after all, it takes a significant amount of time to organise everything when moving countries.
A forward contracts gives you the opportunity to fix an exchange rate for up to 1 year. With a lot to prepare for your move, it’s good to know that your money will be protected from any unfavourable shifts in the currency market.
Limit OrderA limit order enables you to set an alert for your preferred exchange rate amount, giving you control over your finances.
By setting a limit order with Currencies Direct, you can be certain that your money will transfer the moment the exchange rate meets your agreed amount.
This will mean that your money will be transferred at your selected exchange rate without you needing to worry.
Education plays a crucial role in the social development of children, and its quality can directly impact a person’s life and career opportunities in multiple ways. So it's important to thoroughly consider your options before moving to a new country with your young family!
Currencies Direct is one of Europe's leading non-bank providers of currency exchange and international payment services. Since we were formed in 1996, we've maintained our focus on providing innovative foreign exchange and international currency transfer services to corporations of all sizes, online sellers and private individuals. We have also expanded our services to provide dynamic and pioneering "business to business" solutions to help companies, tier 2/3 banks and other non-bank financial institutions to process their international payments. Our headquarters are in the City of London (United Kingdom) and we have operations in continental Europe, Africa, Asia, and the United States. Currencies Direct is jointly owned by private equity firms Palamon Capital Partners and Corsair Capital.