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  • QU Economics Research Team

Trans-Atlantic Exchange Rate Report For May 27 - 31


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 May 27th to May 31st, we observed changes in the Atlantic currencies. All four currencies experienced positive changes by the end of the week, with the Swiss franc (maroon) showing the largest increase, ending the week with a 1.23% change. The other three currencies peaked midweek on May 28th but decreased slightly as the week concluded. The Canadian dollar (red) ended with a 0.3% change, the British pound (green) had a 0.26% change, and the Euro (blue) had the lowest increase with a 0.22% change.

 

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 historical trends, we observe the following: The Swiss franc (maroon) had the biggest spike in its exchange rate, going above the three-month average and continuing to trend upwards. The Canadian dollar (red), the Euro (blue), and the British pound (green) all experienced a slight drop in their exchange rates but recovered and are trending upward as of May 31st. The Euro and the British pound are above their three-month average, while the Canadian dollar just falls short of its three-month average.

  

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