How is this election going to hit your wallet?

Currency traders are taking a hit following a very strong showing by Donald Trump in the US presidential election. If you’re holding Canadian dollars, the Mexican Peso, or the South African Rand, you’ve now holding less money then you were just a few hours ago. The Peso is crashing and down almost 12 percent. The Canadian dollar is down 1.5 per cent. The South African Rand is down over 4 per cent.

Also doing poorly are the Russian Ruble, the South Korean Won, and the Australian Dollar, which are all down about 1-2 percent.

If you’ve holding anything else, then you’re doing ok. The British Pound and the Euro are doing well. Sterling is up 1 per cent while the Euro is up 2 per cent.

All of these fluctuations are relative to the US dollar and the UAE dirham, which it is pegged to it.