Post Brexit Pound Exchange Rates vs Top Ten Most Traded Currencies

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Since the Brexit vote on the 23rd June 2016 we have seen the Pound Exchange Rates fall against all of the top ten Most Traded Currencies from around the world which includes the Euro, US Dollar, Japanese Yen, Australian Dollar, Swiss Franc, Canadian Dollar, Mexican Peso, Chinese Yuan and the New Zealand Dollar.

Following the usual expert guest blog post last week from Rewan at TorFX and the announcement of the new UK Prime Minister Teresa May we have seen some stabilisation of the Pound against all of the most traded currencies from the around the world with predictions that the Pound could continue to strengthen in the coming days and weeks which will be good news for British Holiday Makers looking to Buy Travel Money at the last minute for their summer holidays.

Recently here at Compare Holiday Money we launched our new Historical Exchange Rates graphs which go back more than 5 years since our launch with useful data on Currency Exchange Rates for over 80 currencies and I thought now would be a good time to use these graphs to show the recent trend in the Pound Exchange Rates since Brexit and before Brexit to show the difference in Exchange Rates against all the most traded currencies from around the world and how this affects the general Travel Money consumer here in the UK.

Pound To US Dollar Exchange Rate – Over The Last Five Years

Post Brexit Pound Exchange Rates vs Top Ten Most Traded Currencies - Pound To US Dollar Exchange Rate - Over The Last Five Years

As you can see after the 23rd June 2016 the US Dollar Travel Money Rate dropped to its lowest in the last five years which equates to a 16.83% decrease over the last five years. However, since the 23rd June 2016 this decrease has reduced to only 11.31% following the announcement of the new UK Prime Minister Teresa May on the 12th July 2016, as below, and all being well we will continue to see the Pound to US Dollar Exchange Rate improve throughout the summer months.

Pound To US Dollar Exchange Rate – Since Brexit on the 23rd June 2016

Post Brexit Pound Exchange Rates vs Top Ten Most Traded Currencies - Pound To US Dollar Exchange Rate - Since Brexit on the 23rd June 2016

Latest US Dollar Travel Money Exchange Rates

US Dollar Exchange Rate History Data

Pound To Euro Exchange Rate – Over The Last Five Years

Post Brexit Pound Exchange Rates vs Top Ten Most Traded Currencies - Pound To Euro Exchange Rate - Over The Last Five Years

Despite the Brexit vote and the drop in the Pound against the Euro in fact the Pound is still 6.05% up against the Euro over the last five years with the lowest the Euro being in this period actually back in the summer of 2011. However, since the Brexit vote on the 23rd June 2016 the Pound to Euro Exchange Rate has dropped by 8.72%, as below, which when compared with the US Dollar Exchange Rate isn’t as bad which again will be good news for UK consumers looking to take European holidays when compared with US holidays this summer.

Pound To Euro Exchange Rate – Since Brexit on the 23rd June 2016

Post Brexit Pound Exchange Rates vs Top Ten Most Traded Currencies - Pound To Euro Exchange Rate - Since Brexit on the 23rd June 2016

Latest Euro Travel Money Exchange Rates

Euro Exchange Rate History Data

Pound To Japanese Yen Exchange Rate – Over The Last Five Years

Post Brexit Pound Exchange Rates vs Top Ten Most Traded Currencies - Pound To Japanese Yen Exchange Rate - Over The Last Five Years

Although, the Japanese Yen isn’t really much of a popular tourist currency to buy it is still the third highest traded currency around the world and over the last five years the Pound against the Japanese Yen is still up 11.81% despite the Brexit vote. However, since Brexit on the 23rd June 2016 the Pound against the Japanese Yen is down 11.42%, as below, which is roughly the same equivalence as the US Dollar Exchange Rate.

Pound To Japanese Yen Exchange Rate – Since Brexit on the 23rd June 2016

Post Brexit Pound Exchange Rates vs Top Ten Most Traded Currencies - Pound To Japanese Yen Exchange Rate - Since Brexit on the 23rd June 2016

Latest Japanese Yen Travel Money Exchange Rates

Japanese Yen Exchange Rate History Data

Pound To Australian Dollar Exchange Rate – Over The Last Five Years

Post Brexit Pound Exchange Rates vs Top Ten Most Traded Currencies - Pound To Australian Dollar Exchange Rate - Over The Last Five Years

Going to Australia for most people will always be a trip of a lifetime and over the last five years the Pound against the Australian Dollar despite the Brexit vote is still up 16.91% with the lowest Exchange Rate back in March 2013. However, since the Brexit vote on the 23rd June 2016 the Pound has fallen by 10.88% against the Australian Dollar, as below, but with gradual gains made since the announcement of Teresa May becoming the UK Prime Minister.

Pound To Australia Dollar Exchange Rate – Since Brexit on the 23rd June 2016

Post Brexit Pound Exchange Rates vs Top Ten Most Traded Currencies - Pound To Australia Dollar Exchange Rate - Since Brexit on the 23rd June 2016

Latest Australian Dollar Travel Money Exchange Rates

Australian Dollar Exchange Rate History Data

Pound To Swiss Franc Exchange Rate – Over The Last Five Years

Post Brexit Pound Exchange Rates vs Top Ten Most Traded Currencies - Pound To Swiss Franc Exchange Rate - Over The Last Five Years

Switzerland is a great all year around place to visit especially if you are intending to Ski during the winter months. The Pound to Swiss Franc despite the Brexit vote has pretty much stayed the same over the last five years with no major increases or decreases when compared with some of the other most traded currencies from around the world.

However, since the Brexit vote on the 23rd June 2016 we have seen the Pound fall against the Swiss Franc by 9.61%, as below, which isn’t quite as bad as some of the above currencies and if you are planning a Ski trip this winter then hopefully the Pound to Swiss Franc Exchange Rate will continue to improve as it has done over the last week.

Pound To Swiss Franc Exchange Rate – Since Brexit on the 23rd June 2016

Post Brexit Pound Exchange Rates vs Top Ten Most Traded Currencies - Pound To Swiss Franc Exchange Rate - Since Brexit on the 23rd June 2016

Latest Swiss Franc Travel Money Exchange Rates

Swiss Franc Exchange Rate History Data

Pound To Canadian Dollar Exchange Rate – Over The Last Five Years

Post Brexit Pound Exchange Rates vs Top Ten Most Traded Currencies - Pound To Canadian Dollar Exchange Rate - Over The Last Five Years

Despite the Brexit vote the Pound to Canadian Dollar Exchange Rate is still up 12.61% over the last five years which you can see above and with over 720,000 Brits going to Canada each year, which is more than Australia, they will be pleased about this. However, since the Brexit vote the Pound has fallen by 10.02% against Canadian Dollar which again when compared with some of the other most traded currencies from around the world this isn’t bad at all.

Pound To Canadian Dollar Exchange Rate – Since Brexit on the 23rd June 2016

Post Brexit Pound Exchange Rates vs Top Ten Most Traded Currencies - Pound To Canadian Dollar Exchange Rate - Since Brexit on the 23rd June 2016

Latest Canadian Dollar Travel Money Exchange Rates

Canadian Dollar Exchange Rate History Data

Pound To Mexican Peso Exchange Rate – Over The Last Five Years

Post Brexit Pound Exchange Rates vs Top Ten Most Traded Currencies - Pound To Mexican Peso Exchange Rate - Over The Last Five Years

Mexico isn’t visited by Brits as much as Australia or Canada, but the Pound against the Mexican Peso is still up 31.61% over the last five years despite the Brexit vote which will hopefully still give British Holiday Makers a good deal coming into the Caribbean holiday season soon. However, since the Brexit vote on the 23rd June 2016 the Pound against the Mexican Peso has fallen by 9.94% which is fairly consistent with other most traded currencies from around the world.

Pound To Mexican Peso Exchange Rate – Since Brexit on the 23rd June 2016

Post Brexit Pound Exchange Rates vs Top Ten Most Traded Currencies - Pound To Mexican Peso Exchange Rate - Since Brexit on the 23rd June 2016

Latest Mexican Peso Travel Money Exchange Rates

Mexican Peso Exchange Rate History Data

Pound To Chinese Yuan Exchange Rate – Over The Last Five Years

Post Brexit Pound Exchange Rates vs Top Ten Most Traded Currencies - Pound To Chinese Yuan Exchange Rate - Over The Last Five Years

China isn’t really top of everyone’s list to visit as a tourist location, but it is a growing alternative tourist destination according to the World Travel and Tourism Council with predicted growth at 7.3% over the next decade.

The Pound against the Chinese Yuan or the Renminbi as it is sometimes referred to has fallen by 13.22% over the last five years with Brexit already taken into consideration which is no surprise considering how much China trades with Europe and the UK.

However, since Brexit on the 23rd June 2016 this margin decreases to only 9.64% with an up-lift on the 12th July 2016 when we all knew that Teresa May would become the UK Prime Minster. This margin when compared with the other most traded currencies is quite good and is in fact almost one of the lowest in comparison.

Pound To Chinese Yuan Exchange Rate – Since Brexit on the 23rd June 2016

Post Brexit Pound Exchange Rates vs Top Ten Most Traded Currencies - Pound To Chinese Yuan Exchange Rate - Since Brexit on the 23rd June 2016

Latest Chinese Yuan Travel Money Exchange Rates

Chinese Yuan Exchange Rate History Data

Pound To New Zealand Dollar Exchange Rate – Over The Last Five Years

Post Brexit Pound Exchange Rates vs Top Ten Most Traded Currencies - Pound To New Zealand Dollar Exchange Rate - Over The Last Five Years

Just like Australia, New Zealand is another trip of a lifetime for most people, but only 200,000 Brits visit New Zealand each year when compared with 670,000 Brits that visit Australia.

Over the last five years the New Zealand Dollar against the Pound has pretty much stayed the same with Post Brexit Exchange Rates being quite similar to April 2013 at around 1.7.

However, since the Brexit vote the Pound against the New Zealand Dollar has decreased by 8.93% which is the second lowest in the top ten most traded currencies from around the world with good steady improvements already to this margin over the last week which will be welcomed news for anyone planning a dual holiday to New Zealand and Australia this coming winter.

Pound To New Zealand Exchange Rate – Since Brexit on the 23rd June 2016

Post Brexit Pound Exchange Rates vs Top Ten Most Traded Currencies - Pound To New Zealand Exchange Rate - Since Brexit on the 23rd June 2016

Latest New Zealand Travel Money Exchange Rates

New Zealand Exchange Rate History Data

Post Brexit Pound Exchange Rates Summary

Brexit was probably one of the biggest political and financial shocks to Europe and the UK for a generation, but if we look at the Pound against the top ten most traded currencies from around the world over the last five years the currency is still doing pretty well overall.

Apart from the US Dollar and the Chinese Yuan the Pound is still up overall during the last five years which is good news. Because Europe was obviously more affected by this than the rest of the world initially the Euro Currency still offers pretty good value for UK consumers looking to Buy Travel Money for their summer holidays in Europe.

The best valued currencies appear to be the Mexican Peso and the Australian Dollar in terms of the most traded currencies from around the world if you are planning a holiday to one of these destinations in the coming months for your winter sun.

As for planning your holiday for next year then booking in advance will always get you some good deals which might be advisable if you can afford to as I expect the price of holidays next year might go up a little if Travel companies have to pass on the slight fall in the Pound to Euro Exchange Rate in their pricing.

The currency to watch is most certainly the US Dollar as the Pound has some ground to make up here and hopefully if the UK Government can negotiate the Brexit strategy quickly and efficiently this will create more confidence in the markets. If you would like to keep in touch and watch the US Dollar Exchange Rates for your holiday please sign up to our Email Newsletter, Facebook Page or Twitter Page.

Posted by Adam Silveston

Adam manages the marketing for both Compare Holiday Money and Currency Buy Back, assisting the team in developing brand awareness and the services that each website provides. He joined the team in 2011 and is responsible for content creation, social media and building relationships with new travel industry contacts and guest travel bloggers.

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