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Currency outlook
! F" H( ]- w8 y+ s- K% V* LLevel, end of period
* g8 a: \0 K$ U$ e7 W: k! jRBC Economics outlook compared to the market7 e8 y2 `2 \! c6 e
Source: Bloomberg, RBC Economics Research f- U- m k3 s7 t
09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2' o* F6 I$ a3 x. y& X
Canadian dollar 1.07 1.04 1.02 1.01 1.01 1.01 1.02 1.02! p8 ] U! e3 H, N+ n! S I& J
Euro 1.46 1.50 1.52 1.54 1.54 1.52 1.50 1.48, \" @$ I5 k# y2 L8 D8 {# L( Y
U.K. pound sterling 1.60 1.70 1.75 1.79 1.81 1.79 1.79 1.78
" S* p5 r4 |! p8 ^( Q( c- U) _+ yNew Zealand dollar 0.72 0.74 0.78 0.80 0.80 0.78 0.76 0.75
, O1 ~; z" ^5 ^6 }& cJapanese yen 89.7 88.0 85.0 84.0 84.0 83.0 85.0 88.0( \0 V1 k- @" w5 ?
Chinese renminbi 6.83 6.83 6.80 6.70 6.60 6.50 6.40 6.30( @2 Y0 h/ E/ u R0 C% L
Australian dollar 0.88 0.90 0.95 0.94 0.93 0.90 0.88 0.86* E5 X2 D# U. O& d; x! H
Mexican peso 13.51 12.75 12.50 12.25 12.00 11.75 11.75 11.50
. e- c% z6 g& H+ N# t! g6 P+ P" }' A2 u) }! _
Canadian dollar cross-rates
( j3 S* q! @ i' t) Y9 _# X09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2' b! p u4 m& e. ^& s" [
EUR/CAD 1.57 1.56 1.55 1.56 1.56 1.54 1.53 1.517 h4 _# {$ R2 g+ l3 ^5 c2 T
GBP/CAD 1.71 1.77 1.78 1.81 1.83 1.81 1.82 1.82
( ]% T! k, r$ k8 DNZD/CAD 0.77 0.77 0.80 0.81 0.81 0.79 0.78 0.77$ a9 u: b0 ]! {2 ?
CAD/JPY 83.9 84.6 83.3 83.2 83.2 82.2 83.3 86.3
/ h% t2 a9 ]6 [7 @5 I# VAUD/CAD 0.94 0.94 0.97 0.95 0.94 0.91 0.90 0.88
/ d* Y' @9 Y5 X+ M
E) ]% A5 s6 U @, [' d( d* dSource: Bloomberg, RBC Economics Research |
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