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But if you have a 15% decline in your currency relative to the euro, then you have a higher cost base," Polman said.
Loss of confidence causes your currency to drop; this makes it harder to repay debts in foreign currency; this hurts the real economy and further reduces confidence, leading to a further decline in your currency; and so on.
But to do that you have to have confidence in your currency.
You can set the browser to automatically show foreign currency prices in your currency of choice.
One of the main reasons that people "lose confidence" in your currency is that the currency managers start to talk about Keynesian notions of interest rate manipulation and currency devaluation – which is exactly what happened to the Bank of England in 1931.
Can you spot the secret symbol hiding in your currency?
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In academia your currency is the papers you publish.
Be aware of what basic things, such as a restaurant meal or train ticket, tend to cost at your destination, both in your home currency and in the local currency.
Choose a price in your home currency, then translate it (roughly) into the currency you're using.
This way, you can upload money to your Revolut account in your local currency and then send and spend money in multiple currencies.
With people like that in charge of your currency's purchasing power, investors in Yen denominated assets should cringe.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com