The ‘Brexit’ has wide implications on the world’s currency market, which is already facing a slew of headwinds. Soon after it was confirmed that UK will not be a part of European Union, world currency market started reacting to it. Pound fell to 35 years low.
The European Union is one of the world’s largest consumer market and it’s a major trade partner with China and the United States. If it breaks, it could lead to a lot of global uncertainty and many trade deals would need to be restructured.
Currency Table
| Currency | Before BREXIT* | After BREXIT# | Change | Low |
| Euro | 0.88 | 0.90 | -2% | 0.91 |
| Pound | 0.69 | 0.73 | -7% | 0.75 |
| Indian Rupee | 67.25 | 67.85 | -1% | 68.22 |
| Turkey Lira | 2.87 | 2.93 | -2% | 2.98 |
| Chinese Yuan | 6.58 | 6.62 | -1% | 6.63 |
| Japanese Yen | 104.91 | 102.24 | 3% | 103.13 |
| Russian Ruble | 63.95 | 65.35 | -2% | 67.13 |
| Korean Won | 1,143.10 | 1,172.24 | -3% | 1,179.16 |
*23rd Closing
#24th Closing
Source: Xe
Note: Base Currency US Dollar
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