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Currency outlook
' C/ s* Y0 V' r3 w2 L$ NLevel, end of period
+ p" { R; k9 X6 S7 X) D1 E" wRBC Economics outlook compared to the market& u+ K+ K+ |4 I7 N% q$ c
Source: Bloomberg, RBC Economics Research! G, k! ]! j, r
09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q24 @$ c/ [4 ]: i) {- d/ n
Canadian dollar 1.07 1.04 1.02 1.01 1.01 1.01 1.02 1.021 y5 b' o$ t1 v4 j" q& B7 t
Euro 1.46 1.50 1.52 1.54 1.54 1.52 1.50 1.48
# J, S5 `$ P5 E: ^$ `. A# o, s3 IU.K. pound sterling 1.60 1.70 1.75 1.79 1.81 1.79 1.79 1.78- V2 J# x, `' \" o+ m
New Zealand dollar 0.72 0.74 0.78 0.80 0.80 0.78 0.76 0.75
8 a% H8 e P6 ~( Y% } f) tJapanese yen 89.7 88.0 85.0 84.0 84.0 83.0 85.0 88.01 f; X/ t! D A
Chinese renminbi 6.83 6.83 6.80 6.70 6.60 6.50 6.40 6.302 g$ s% j9 n5 U. Y
Australian dollar 0.88 0.90 0.95 0.94 0.93 0.90 0.88 0.86
. A2 c, j$ Q0 L) J2 s7 d2 f" X) N- A8 u* XMexican peso 13.51 12.75 12.50 12.25 12.00 11.75 11.75 11.50
6 z$ H0 [0 [5 s4 }( y4 m, w+ V( S- Z k; v' R
Canadian dollar cross-rates
5 A* x4 L+ s/ O% {! u/ Q5 q09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2
0 V( C8 m* s( e( ^/ L9 m& ?EUR/CAD 1.57 1.56 1.55 1.56 1.56 1.54 1.53 1.51
) y: ^$ }' }% o0 GGBP/CAD 1.71 1.77 1.78 1.81 1.83 1.81 1.82 1.82
6 x1 u2 R4 d, v6 g& t6 V* iNZD/CAD 0.77 0.77 0.80 0.81 0.81 0.79 0.78 0.77
" [& L1 V3 N+ G* y$ @+ x0 `# q6 {CAD/JPY 83.9 84.6 83.3 83.2 83.2 82.2 83.3 86.3
" U7 l9 k4 z; n8 g/ U1 wAUD/CAD 0.94 0.94 0.97 0.95 0.94 0.91 0.90 0.88
6 Z, ?6 Q. v! I8 z5 j$ {: h' M% L0 d: ~/ u
Source: Bloomberg, RBC Economics Research |
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