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Trans-Atlantic Exchange Rate Report for Dec 25 – January 5

 

Trans-Atlantic 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 weeks spanning December 25th to January 5th, there was a consistent pattern of performance across various currencies. The Swiss franc (maroon) emerged as the frontrunner for the majority of this period, concluding the week with a notable gain of nearly 0.7% against the US dollar. In contrast, the remaining currencies maintained close proximity throughout, with none deviating by more than 0.4% from one another until the week's conclusion.


Both the Canadian dollar (red) and the Euro (blue) experienced a decrease of 0.5% relative to the USD, marking the lowest performance within the group. Closing the roundup, the British pound (green) ended the week precisely on par with the USD.

 

Trans-Atlantic 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.


For the weeks spanning December 25th to January 5th, the status quo persisted across all currencies. Both the Canadian Dollar (CAD) and the Swiss Franc (CHF) maintained positions comfortably above the upper threshold, having sustained positive momentum for nearly two consecutive months. Meanwhile, the British pound (GBP) exhibited a lack of significant movement over the past month, consistently hovering around the upper limit without noteworthy changes during the past week. Lastly, the Euro (EUR) concluded the period at the upper limit, maintaining its prolonged streak of remaining above this boundary. Notably, all trans-Atlantic currencies continue to exhibit robust performance against the USD, a trend that has endured despite a lackluster fall season.

 

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