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Currency outlook
% O1 U. }. m; t& m$ Z2 v) e; oLevel, end of period
0 q& ~4 c! j( C, f2 rRBC Economics outlook compared to the market
3 |: w9 h/ z( V+ tSource: Bloomberg, RBC Economics Research
/ m4 h. n' ?# v7 n09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q24 P5 B& q& V- Q' x! C
Canadian dollar 1.07 1.04 1.02 1.01 1.01 1.01 1.02 1.02
5 e& X: c( a! {6 ?+ hEuro 1.46 1.50 1.52 1.54 1.54 1.52 1.50 1.485 ~. z" a: r& c0 g5 f
U.K. pound sterling 1.60 1.70 1.75 1.79 1.81 1.79 1.79 1.789 c, I/ p2 i! t6 K1 B7 v
New Zealand dollar 0.72 0.74 0.78 0.80 0.80 0.78 0.76 0.75- O7 s4 m! H ?8 _
Japanese yen 89.7 88.0 85.0 84.0 84.0 83.0 85.0 88.0
& L3 A8 q X' k; S A [Chinese renminbi 6.83 6.83 6.80 6.70 6.60 6.50 6.40 6.30! S/ l5 _5 l8 Y e! w9 J# ~. Z
Australian dollar 0.88 0.90 0.95 0.94 0.93 0.90 0.88 0.86
+ O) `1 _2 R( R* ]Mexican peso 13.51 12.75 12.50 12.25 12.00 11.75 11.75 11.50# D; V+ F5 j: I
1 x8 L/ T" k3 l7 }0 @
Canadian dollar cross-rates
; H* k# o1 A' F* P09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2
2 r S! x* d; Z' C- @6 ?5 mEUR/CAD 1.57 1.56 1.55 1.56 1.56 1.54 1.53 1.51, v' k: h3 S; t0 Q8 _
GBP/CAD 1.71 1.77 1.78 1.81 1.83 1.81 1.82 1.82
' Z" W: m8 Z* }1 g p* aNZD/CAD 0.77 0.77 0.80 0.81 0.81 0.79 0.78 0.77* c% Y0 n, Y# {' t% f
CAD/JPY 83.9 84.6 83.3 83.2 83.2 82.2 83.3 86.3+ z) b/ y5 X9 \2 Q& R+ ^# r6 g2 M
AUD/CAD 0.94 0.94 0.97 0.95 0.94 0.91 0.90 0.88: \! q' V+ |; v+ E
; z4 }( K9 x. M) [4 K% ^, wSource: Bloomberg, RBC Economics Research |
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