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Currency outlook8 B* j# [( s0 E x" i" W0 @
Level, end of period
5 o) f) @' Q3 V. q4 \" D; [6 A: |RBC Economics outlook compared to the market
, o6 X3 \1 P/ MSource: Bloomberg, RBC Economics Research: b- Q9 }/ J- h) c& y( g6 B* F9 {
09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q28 ] h6 E2 M( G" `
Canadian dollar 1.07 1.04 1.02 1.01 1.01 1.01 1.02 1.02( R# V. [' y9 D8 S/ g
Euro 1.46 1.50 1.52 1.54 1.54 1.52 1.50 1.48
8 j/ `4 `5 l/ h' v+ [) z: ^U.K. pound sterling 1.60 1.70 1.75 1.79 1.81 1.79 1.79 1.78
! m/ \5 S: r& A+ W* eNew Zealand dollar 0.72 0.74 0.78 0.80 0.80 0.78 0.76 0.75
6 k1 P& N) b0 h* l) {, h6 `Japanese yen 89.7 88.0 85.0 84.0 84.0 83.0 85.0 88.0: v B4 k* u( t( t \4 K" z5 q5 o/ S
Chinese renminbi 6.83 6.83 6.80 6.70 6.60 6.50 6.40 6.30) y5 G8 J; |& X: i# R
Australian dollar 0.88 0.90 0.95 0.94 0.93 0.90 0.88 0.86
8 x$ K! K6 J+ m: |; ^5 ^Mexican peso 13.51 12.75 12.50 12.25 12.00 11.75 11.75 11.50
. D p u2 |( a& y; t; F- v7 N7 ]+ E) h3 a" K/ p5 U
Canadian dollar cross-rates
$ R) @4 k) M/ e' v0 R9 ]09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2
n2 t& F$ J' u8 u' L6 H$ JEUR/CAD 1.57 1.56 1.55 1.56 1.56 1.54 1.53 1.51
, y3 w8 W- p" V& v! E2 DGBP/CAD 1.71 1.77 1.78 1.81 1.83 1.81 1.82 1.82
+ J3 G+ e' D1 R# C6 a" }: pNZD/CAD 0.77 0.77 0.80 0.81 0.81 0.79 0.78 0.779 o& }4 y; g- o, y7 q& V
CAD/JPY 83.9 84.6 83.3 83.2 83.2 82.2 83.3 86.33 v" ?+ Z6 p- D. p" p# S U
AUD/CAD 0.94 0.94 0.97 0.95 0.94 0.91 0.90 0.88
8 j; i w( \/ D2 L( T
. l: y, Q* `7 W8 ? @/ oSource: Bloomberg, RBC Economics Research |
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