2016, Pound Sterling Experiences Sharpest Fall Against the US Dollar

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14/10/2016 15:47 WIB

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Rise/Fall of Developed Countries' Currencies Against the US Dollar (December 31, 2015 - October 14, 2016)

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Rise/Fall of Developed Countries' Currencies Against the US Dollar (December 31, 2015 - October 14, 2016)

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The British pound experienced its sharpest decline this year against the US dollar compared to other major currencies. On October 14, 2016, the British pound traded at 1.220 per US dollar, representing a 17.02 percent drop compared to its year-end position last year of 1.4736 per US dollar. Meanwhile, the Japanese yen appreciated the most in 2016 (YTD).

Britain's exit from the European Union has pushed the pound sterling to its lowest level since 2007. Analysts predict that Britain's departure from the European Union will impact the country's economy.

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."