Trans-Atlantic Exchange Rate Report For June 17 - 21

By Lucas Messaggi, The Quinnipiac University Economics Research Team

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 week of June 17th to June 21st, we observed the Trans-Atlantic currencies for any changes in their exchange rates. The Swiss franc (maroon) saw the largest change throughout the week, peaking at 1.12% before dropping to 0.27% by the end of the week. The Canadian dollar (red) remained stable until the end of the week, when it rose to about 0.40%. The British pound (green) and the Euro (blue) experienced similar changes throughout the week, ending at -0.74% and -0.28%, respectively.

Trans-Atlantic Historic 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.

We added this week’s data to our historical trends and observed the following: The Swiss franc (maroon) appears to be trending downwards after experiencing a significant spike, but it remains comfortably above the three-month average. The Canadian dollar (red) continues to trend upwards, though not as much as last week, and is sitting just below the three-month average. The Euro (blue) and the British pound (green) are also beginning to trend upwards. The Euro is below the three-month average, while the British pound is above it. We will continue to update these graphs as we collect more data.

Further Reading:

French elections and how they could impact EUR/USD

USD/CAD Technical Analysis