Rupee depreciation and Interest rate rise are gradually slowing down consumer demand locally. But this may not be the case for Freelancers. Online outsourcing workers would be definitely happy about the depreciating value of currency.
Sri Lankan Currency Depreciated against USD by 9% Jan-Dec 2015, it further reduced by 3% till 31st of March. Fiverr, one of the most attractive sites for online freelancers in Sri Lanka, where different services were offered for a standard rate of USD 5.
With the weakening rupee, return for freelancers increasing significantly and online freelancing jobs become further attractive for Sri Lankan. Freelancers who earned LKR 650 for a job year back now would earn LKR 725. Freelancers with 6-12 month experience and having a decent profile, normally get 2-3 job a day (depending on the services they offer)
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