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  • QU Economics Research Team

Pacific Exchange Rates Report for March 11th – 15th


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.  

 

During the week of March 11th to 15th, the four currencies experienced high levels of fluctuation against the USD, as opposed to the previous week. The highest performer was the South Korean won (red), which initially saw a 0.8% increase until mid-week, followed by a steady decline of 0.9% by the week's end. On the other hand, the Japanese yen (maroon) exhibited a different trend each day, experiencing a 0.7% rise, a day of stability, a 0.6% fall, another day of stability, and finally ending the week with a 0.4% decrease, showcasing high volatility. Notably, the Australian dollar (green) and New Zealand dollar (blue) behaved similarly. They started the week steady, then dipped, followed by a 0.2% rise, and concluded with a collective decrease of 0.7%.

 

 

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. 

 

Throughout the week of March 11th to 15th, all four currencies followed a downward trajectory. Both the Australian dollar (AUD) and New Zealand Dollar (NZD) briefly hovered around the rolling three-month average before declining. The South Korean won (KRW) managed to briefly surpass the average but eventually also decreased. Similarly, the Japanese yen (JPY) had just reached the same threshold before ultimately joining the other currencies in their descent.

 

Additional Reading 



 

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