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8 Global Currencies That Plunged Due To The Brexit Referendum
The people of Britain yesterday voted in a referendum for Britain to stay or exit the European Union. Here are 8 global currencies took a pounding following the Brexit vote counting, which indicated Britain would be leaving the Eurozone.
1) Indian rupee
Indian rupee took a beating with the currency trading at 67.91against the US dollar, down 66 paise over Thursday's close.
British Pound
The UK pound was badly hit and was trading at 1.37 to the US dollar, a drop of 9 per cent.
Japanese Yen
The Japanese Yen was the only major currency which rose on Brexit and gained 4.2 percent to 101.92 per dollar.
Euro
Euro was seen trading lower by 3 percent at $1.1045. Again, a currency that is closely linked the the Brexit.
Australian Dollar
The Australian dollar also slipped 2.8 percent to trade at 74.02 cents against the dollar.
Mexican Peso
Mexican peso slipped 3.9 per cent to 18.97 to the dollar. Emerging market currencies are normally the worst impacted by global chaos.
South African Rand
South African currency dropped 5 per cent to 15.16 against the dollar. Again, a emerging market currency, that tends to get impacted by adverse economic news.
Poland's zloty
Poland's zloty slipped 5.9 per cent at 4.073 against the U.S. currency
