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  • QU Economics Research Team

Pacific Exchange Rates Report for February 12th – 16th 


Pacific Currencies Index 

 

Source: Yahoo Finance and own calculations. Exchange rates are inverted to be USD per local currency (i.e., an increase indicates a stronger domestic currency) and then indexed to be 100 at the start of the period.  


For the week of February 12th–16th, all currencies moved nearly in sync against the USD. Initially, there was a collective decline until mid-week, when they swiftly rebounded by week’s end. Beginning with the most volatile currency of the week, the South Korean won (blue) dipped by 0.8% but promptly responded with a 0.9% rebound, maintaining stability thereafter. Similarly, the Australian dollar (red) experienced a 1% drop followed by a steady recovery of 0.9%. Both the Japanese yen (green) and New Zealand dollar (purple) saw declines of 0.9% and 1.5% respectively before rising to the same level by February 15th and continuing on a parallel trajectory afterward.

 


Pacific Historical Trends 

 

Source: Yahoo Finance and own calculations. Exchange rates are inverted to be USD per local currency (i.e., an increase indicates a stronger domestic currency. The center line is a rolling three-month average. The upper and lower boundaries are the average plus and average minus one standard deviation, respectively, for the same three-month period. 


During the week of February 12th–16th, the currencies persist in maintaining their downward trajectories. The New Zealand dollar (NZD) and South Korean won (KRW) remain within the lower bounds, experiencing slight fluctuations above and below it. Meanwhile, both the Japanese yen (JPY) and Australian dollar (AUD) have reached new lows unseen in recent months. However, the AUD is increasing and hinting at the possibility of surpassing the lower bound threshold in the week ahead. 



Additional Reading 



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