The benefits of learning a new language

The benefits of learning a new language

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Why should we learn another language? Everyone speaks English right? Wrong. The number of benefits associated with the learning of a new language are endless, as supported by science

Just imagine how much you could learn about the many wonders of your holiday destination from a local who you can actually converse with. It’s a marvellous thought, right?

Most spoken languages in the world

Unbeknown to many, the most widely spoken language in the world is surprisingly Chinese, Mandarin. With a population of over 1.3 billion, and a coverage of 9 and a half million kilometres, it is no surprise that the vast majority of the population, more than 90%, speak Mandarin. With many economists now stating that China will soon overtake the US as the world’s leading economic power, the idea of learning a language that almost 1 in 6 people on this planet speak is progressively becoming more appealing. 

Second to Mandarin is Spanish, a language that continues to grow in importance when analysing the global markets in which most organisations operate. With the number of native speakers only marginally ahead of those that speak English, the real positive about the original ‘language of love’ lies in the opportunities that it brings in terms of South America and other parts of the globe. Countries like Mexico, Columbia, Argentina, Spain, Cuba, Dominican Republic and Puerto Rico are to name just a few of those with Spanish as their national language.

Following Spanish, we come to English which makes up the top 3. With over 360 million native speakers and more than half a billion who speak English as their second language, it is no surprise that it has been adopted as the globally recognised language for business, travel and international relations. 

A plethora of benefits

As above-mentioned, the benefits of learning a new language are plentiful. The first and arguably most important refers to the need for us individuals to make ourselves stand out in the face of competition for jobs. With the number of students attending University having increased considerably in the last decade, a need exists for students to create ways to differentiate themselves from those who are competing with them for their dream job. As well as the benefits from a CV perspective, the global and internationalised markets in which most organisations trade has led to employers viewing a foreign language as an important asset when recruiting. Take for example the Law firm Everhseds, a global top 15 law practice operating in 32 countries, who are awarding bonus points to applicants with foreign language skills.

Away from the working world, health benefits can be experienced through the learning of a foreign language. Numerous studies investigating this, such as that by Marian and Shook, have demonstrated the cognitive benefits of learning a new language. Memory improvement, a longer attention span and a reduced risk of age-related cognitive decline are just a few of the known positive effects of learning, and subsequently speaking, more than one language.  

How this links to currency

Now that the idea of learning a new language is becoming appealing, please do bear in mind that many of the countries you will now be wanting to visit thanks to your newly acquired language skills will use a different currency to that which you’re used to at home. Let’s say you’ve decided to learn Spanish. We all know that Spain uses the Euro, but what about the other countries in which Spanish is a national language? Cuba, Mexico, and Columbia are just a few of the Spanish speaking countries in South America which use the Peso. And all different kinds of Peso with their own exchange rates, too. Oh, and don’t forget that many of them accept the US Dollar too.

Choose us at moneycorp

If you fancy becoming a seasoned traveller with your newly learnt language skills, moneycorp can help you make the most of your money with any international payments you need to make. Pay for all you need abroad using our moneycorp Explorer Card (supported by MasterCard) which is sent to you once your International Payments account is open. You may even decide to make one of your trips more permanent, and by opening an account with us today, you can reap all the benefits of having a foreign specialist at your side for all your FX needs.  

Why not travel and learn a new language with a friend? Refer a friend and we'll add £75 to both your accounts!  

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