How Bad is the British Pound (GBP) After Brexit?..
The Brexit Referendum was held on Thursday 23 June 2016, and the Value of the British Pound (GBP) fell and kept falling immediately after.
It is now almost 6 months after the Referendum, and looking at the changes so far we get the following:
Europe:
1,000 GBP bought 1,289.11 EUR on 1 Jun 2016
1,000 GBP buys 1,180.88 EUR on 2 Dec 2016 ( a drop of 8.40%)
United States
1,000 GBP bought 1,441.96 USD on 1 Jun 2016
1,000 GBP buys 1,261.62 USD on 2 Dec 2016 ( a drop of 12.51%)
Australia
1,000 GBP bought 1,988.46 AUD on 1 Jun 2016
1,000 GBP buys 1,702.71 AUD on 2 Dec 2016 ( a drop of 14.37%)
Mexico
1,000 GBP bought 26,683.35 MXN Mexican Peso on 1 Jun 2016
1,000 GBP buys 26,215.56 MXN Mexican Peso on 2 Dec 2016 ( a drop of 1.75%)
Morocca
1,000 GBP bought 14,047.58 MAD Moroccan Dirham on 1 Jun 2016
1,000 GBP buys 12,646.39 MAD Moroccan Dirham on 2 Dec 2016 ( a drop of 9.97%)
India
1,000 GBP bought 97,237.78 INR Indian Rupee on on 1 Jun 2016
1,000 GBP buys 86,190.39 INR Indian Rupee on 2 Dec 2016 ( a drop of 11.36%)
Holidays to Mexico seem like a great opportunity at the moment, for those looking for overseas travel. Only an extra 1.75% increase in costs due to the FX rate.
Holidays to Australia don’t look as good as they were, with a 14.37% increase in costs due to the FX rate.
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