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  • QU Economics Research Team

Trans-Atlantic Exchange Rate Report For June 3 - 7


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 3rd to June 7th, we observed four Trans-Atlantic currencies to track any changes in their exchange rates. Overall, all four currencies experienced a positive change in exchange rates by the end of the week, with the Swiss franc (maroon) seeing the largest increase at 1.51%. The Euro (blue) and the British pound (green) had similar changes throughout the week, ending at 0.52% and 0.50%, respectively. The Canadian dollar (red) saw the smallest change, ending the week at around 0.10%.


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.


After adding this week’s data to the historic trends, we observe the following: All four currencies are experiencing a drop in their exchange rates. The Canadian dollar (red) is more than one standard deviation above its three-month average. The Swiss franc (maroon) and the British pound (green) fall within one standard deviation above their respective three-month averages. Meanwhile, the Euro (blue) is just above its three-month average but looks like it will soon fall below it. We will continue to add data as the weeks go by.

 

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