Guangzhou Daily News (Reporter Li Qiong) What impact will Brexit have on international students planning to study in the UK and those who have already studied in the UK? The reporter interviewed experts studying abroad in the UK.

Study abroad expenses

Q: The UK exchange rate has fluctuated recently. What impact will Brexit have on the exchange rate?

A: Affected by this, the pound fell by more than 10% against the dollar at one point, hitting its lowest level since 1985. Goldman Sachs previously said the pound had fallen sharply in June amid concerns over Brexit. After the UK leaves the EU, the pound may fall further, and the exchange rate will fall in the short term, but the long-term volatility will increase. Therefore, when the exchange rate of the pound drops, British international students quickly act to exchange sterling.

Yesterday, the central parity rate of RMB 1 GBP to RMB was 9.5899 yuan; the day before yesterday, it was 9.7242 yuan to 1 GBP to RMB, and the exchange rate dropped by 0.1343 yuan in just one day, which also means that the cost of staying in the UK will be reduced. Taking undergraduate study in the UK as an example, the annual cost is generally about 30,000 pounds. If calculated at the exchange rate on June 23, it needs RMB yuan; and at the exchange rate on June 24, it only needs RMB yuan, less than one day. 4029 yuan.