Trans-Atlantic Exchange Rates Report for May 12th - 16th

By: Isabella Cortese, The Quinnipiac University Global Economics Research Team

Trans-Atlantic Currencies Index

Source: Eurostat 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 12th - May 16th, there were modest movements for the select Trans-Atlantic currencies against the United States dollar. The Euro and Swiss franc had similar movements, as the Euro (blue) rose .510%, while the Swiss franc (maroon) increased .819%. The British Pound (green) had a similar tendency, but ultimately fell .0748%. The he Canadian dollar’s (red) shift was unique, as it increased by .403%. Together, these movements suggest a week of relatively low volatility overall, with midweek rallies giving way to minor corrections and a broadly positive trend against the dollar.

Trans-Atlantic Historical Trend

Source: Eurostat 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.

Overall, the currencies have somewhat similar trends from the past three months. In March, the Canadian dollar (CAD) appears to have suffered the most, decreasing from about ~.705% to .069 at its lowest, but recovering to ~.695% in April. All currencies had an increase in exchange rates in the beginning of April, which decreased soon after, although moderately for the Euro (EUR) and Swiss Franc (CHF). Currently, the British Pound (GBP) has the highest exchange rate at above 1.325%.