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Currency outlook3 Z* q4 ]/ I8 T. E! S
Level, end of period
$ q% v6 Z4 W0 H+ w$ vRBC Economics outlook compared to the market: @+ {3 D: C" @5 l l- Y1 ~
Source: Bloomberg, RBC Economics Research
, P( i K. d) S/ T- Y* k+ R09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2
' Q1 G3 J U' r# w4 WCanadian dollar 1.07 1.04 1.02 1.01 1.01 1.01 1.02 1.02
' _5 X0 p C* sEuro 1.46 1.50 1.52 1.54 1.54 1.52 1.50 1.48/ e( |( ^6 q/ b/ R% q5 E8 A( }
U.K. pound sterling 1.60 1.70 1.75 1.79 1.81 1.79 1.79 1.78
" p1 G* r5 ~' a8 \4 qNew Zealand dollar 0.72 0.74 0.78 0.80 0.80 0.78 0.76 0.75
@% L8 L$ y+ i* E7 Q9 U% |- E. iJapanese yen 89.7 88.0 85.0 84.0 84.0 83.0 85.0 88.0
; i# X; z. m P, yChinese renminbi 6.83 6.83 6.80 6.70 6.60 6.50 6.40 6.30
6 l9 h4 S7 h9 r+ c# ?- lAustralian dollar 0.88 0.90 0.95 0.94 0.93 0.90 0.88 0.86
2 i4 B2 m$ ~& k6 B$ tMexican peso 13.51 12.75 12.50 12.25 12.00 11.75 11.75 11.50/ i+ T7 m' T+ O8 J
# Q+ _3 y. v- A2 V5 v6 }2 P
Canadian dollar cross-rates
' E! Z4 B3 d$ S4 S7 U9 ]09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2: c% o; L. J- |4 j4 c) ]4 x) C
EUR/CAD 1.57 1.56 1.55 1.56 1.56 1.54 1.53 1.511 g& L4 I5 L4 h6 N2 P; W. W* `
GBP/CAD 1.71 1.77 1.78 1.81 1.83 1.81 1.82 1.82
8 G l( p9 d2 F4 a8 WNZD/CAD 0.77 0.77 0.80 0.81 0.81 0.79 0.78 0.77
( f) O' ?7 X! B/ ?6 b& s QCAD/JPY 83.9 84.6 83.3 83.2 83.2 82.2 83.3 86.3+ X& x: W7 H) b
AUD/CAD 0.94 0.94 0.97 0.95 0.94 0.91 0.90 0.888 {" f6 ]: X6 t: i+ L( T: K3 `
3 Q; o) S$ V7 Q0 q1 }9 c# a: JSource: Bloomberg, RBC Economics Research |
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