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Currency outlook) v; {8 s @' C; X" s6 v' Q; T3 D9 g9 `
Level, end of period
& T+ C% ~9 A& B; mRBC Economics outlook compared to the market% o4 E8 `3 O0 Y, D3 x- L9 W
Source: Bloomberg, RBC Economics Research
+ D+ F# |+ I6 s0 L09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2' G) S; J' b; C% C% A( |& M7 X
Canadian dollar 1.07 1.04 1.02 1.01 1.01 1.01 1.02 1.028 P1 L- h2 Z: o1 `
Euro 1.46 1.50 1.52 1.54 1.54 1.52 1.50 1.48 v" e W( c6 _/ w' }) ^$ Q b
U.K. pound sterling 1.60 1.70 1.75 1.79 1.81 1.79 1.79 1.78
8 w! s( B& C0 ~" H; U$ M1 X% _New Zealand dollar 0.72 0.74 0.78 0.80 0.80 0.78 0.76 0.752 M3 S) M8 }& o( B
Japanese yen 89.7 88.0 85.0 84.0 84.0 83.0 85.0 88.0
) Y* a* T# w4 @: `! C7 ^, G# D+ MChinese renminbi 6.83 6.83 6.80 6.70 6.60 6.50 6.40 6.30! A' }- u3 Z# E% S1 V
Australian dollar 0.88 0.90 0.95 0.94 0.93 0.90 0.88 0.866 r1 a" R$ W! v- v1 S5 q. X
Mexican peso 13.51 12.75 12.50 12.25 12.00 11.75 11.75 11.504 L& `5 E( H. w4 U9 ?5 J5 x1 T
+ s z v3 m' e- X. m
Canadian dollar cross-rates
, h9 D' ^- M4 K09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2" A$ U0 l! t7 `7 Z# n0 W3 L
EUR/CAD 1.57 1.56 1.55 1.56 1.56 1.54 1.53 1.51
2 T( {. u: n8 r- k( VGBP/CAD 1.71 1.77 1.78 1.81 1.83 1.81 1.82 1.82$ x7 m% ~, J; O. C; p
NZD/CAD 0.77 0.77 0.80 0.81 0.81 0.79 0.78 0.779 v; O* X3 C" X0 }, y9 ?+ c- M
CAD/JPY 83.9 84.6 83.3 83.2 83.2 82.2 83.3 86.3( [' Y1 }! N1 {* ^2 Y
AUD/CAD 0.94 0.94 0.97 0.95 0.94 0.91 0.90 0.88& I! \1 A' w2 m7 g ^6 Y2 w
$ t) q+ ?( b8 \
Source: Bloomberg, RBC Economics Research |
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