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Currency outlook
1 C5 j' K4 u4 zLevel, end of period
# Y$ \( e1 N2 b' W3 e, q0 @RBC Economics outlook compared to the market
3 q; O/ ]% ~# P0 }( b6 mSource: Bloomberg, RBC Economics Research
! | K3 g. W) [09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2
) i ^1 x" ^* f: a3 o# T- lCanadian dollar 1.07 1.04 1.02 1.01 1.01 1.01 1.02 1.02
}6 B( N' b4 E2 w' g) I/ bEuro 1.46 1.50 1.52 1.54 1.54 1.52 1.50 1.489 h9 F: }0 b) O" `# t
U.K. pound sterling 1.60 1.70 1.75 1.79 1.81 1.79 1.79 1.78
" y2 h2 a) l8 T! u" m: ~3 v' ENew Zealand dollar 0.72 0.74 0.78 0.80 0.80 0.78 0.76 0.757 ]7 l& l3 }' U, ^% M7 j
Japanese yen 89.7 88.0 85.0 84.0 84.0 83.0 85.0 88.0
/ l1 \( `& w5 OChinese renminbi 6.83 6.83 6.80 6.70 6.60 6.50 6.40 6.30
4 N6 Z* f3 Z+ O$ v7 ~# Y9 iAustralian dollar 0.88 0.90 0.95 0.94 0.93 0.90 0.88 0.86
9 k& ]3 B8 h; q6 BMexican peso 13.51 12.75 12.50 12.25 12.00 11.75 11.75 11.50
) J p4 X0 ^1 C2 r) J' c$ }( E9 u3 T7 U$ z7 c% u! Z" `' D# x' B
Canadian dollar cross-rates7 I" \7 ~6 j+ r9 @ R: V- _+ m$ u
09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q25 c+ @- q2 t! A+ Z7 Q; C) e7 ~
EUR/CAD 1.57 1.56 1.55 1.56 1.56 1.54 1.53 1.51
" o8 d k7 r8 c+ t! lGBP/CAD 1.71 1.77 1.78 1.81 1.83 1.81 1.82 1.82
% n, h* e# ^$ e2 t eNZD/CAD 0.77 0.77 0.80 0.81 0.81 0.79 0.78 0.778 y' L0 w+ T7 x4 y1 O% b' [, \
CAD/JPY 83.9 84.6 83.3 83.2 83.2 82.2 83.3 86.3& D/ e! u8 r' Y( C1 e
AUD/CAD 0.94 0.94 0.97 0.95 0.94 0.91 0.90 0.88/ {6 L8 {: c/ h8 z& X! F. S
' ]" V1 |9 g; ]3 q4 k; kSource: Bloomberg, RBC Economics Research |
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