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Currency outlook& @$ Y H( o5 r% C
Level, end of period
/ F1 A( @ m$ u: e9 eRBC Economics outlook compared to the market8 x( w* a ?; U2 u; ?0 N0 @
Source: Bloomberg, RBC Economics Research
9 m) I# q, ~" A09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2
8 i* n* Y% \8 Z' p# ^$ T1 U$ oCanadian dollar 1.07 1.04 1.02 1.01 1.01 1.01 1.02 1.02
# Y0 T8 L7 s! Y: F" ?; uEuro 1.46 1.50 1.52 1.54 1.54 1.52 1.50 1.48
7 D# X7 e& Z0 ?U.K. pound sterling 1.60 1.70 1.75 1.79 1.81 1.79 1.79 1.78
% w/ p/ ^$ p! X3 m9 t$ ^New Zealand dollar 0.72 0.74 0.78 0.80 0.80 0.78 0.76 0.75
, n3 ]( `4 {! z/ D+ u- l1 f3 ?8 ~9 JJapanese yen 89.7 88.0 85.0 84.0 84.0 83.0 85.0 88.0
, N; I* u, C, z! D& `! _. r8 z* OChinese renminbi 6.83 6.83 6.80 6.70 6.60 6.50 6.40 6.30
! e9 Y7 L0 I; `Australian dollar 0.88 0.90 0.95 0.94 0.93 0.90 0.88 0.86
2 `$ [6 {) ?9 s9 r3 h! P/ L6 j6 IMexican peso 13.51 12.75 12.50 12.25 12.00 11.75 11.75 11.50
6 n9 a- j" o& j1 T3 y; h" J- I0 n' u- w/ |+ M8 n; q7 I8 E6 K. b
Canadian dollar cross-rates
5 r8 s5 f% A' k |09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q27 d% `' Z5 ~8 G5 g* L l! a
EUR/CAD 1.57 1.56 1.55 1.56 1.56 1.54 1.53 1.51
2 e* d+ y9 K5 H6 y9 w2 VGBP/CAD 1.71 1.77 1.78 1.81 1.83 1.81 1.82 1.824 T. X( \* R: ?( L9 u% S: y/ x4 c
NZD/CAD 0.77 0.77 0.80 0.81 0.81 0.79 0.78 0.77
9 V# A* P# ?, x2 E ^8 I, `/ `CAD/JPY 83.9 84.6 83.3 83.2 83.2 82.2 83.3 86.3
, e' S Z# H6 U' F, q) BAUD/CAD 0.94 0.94 0.97 0.95 0.94 0.91 0.90 0.88
/ n- ^, |2 Y2 w) ~9 J/ k
4 L% H( o n. m9 iSource: Bloomberg, RBC Economics Research |
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