Trans-Atlantic Exchange Rate Report For July 1 - 5
By Lucas Messaggi, The Quinnipiac University Economics Research Team
Trans-Atlantic Currencies Index
Source: Yahoo Finance and own calculations. Exchange rates are inverted to be USD per local currency (i.e., an increase indicates a stronger domestic currency) and then indexed to be 100 at the start of the period.
For the week of July 1st to July 5th, we observed the Trans-Atlantic currencies to see any changes in their exchange rates. Starting with the British pound (green), there were no notable increases or decreases until about halfway through the week when it saw a spike and trended upwards to about a 1.27% increase by the end of the week. The Euro (blue) also ended with a significant change, sitting at around a 1.09% increase. The Canadian dollar (red) fluctuated throughout the week but ended at around a 0.38% increase. Finally, the Swiss franc (maroon) was the only currency to drop and stay below the 0% reference line for most of the week, but it also ended up climbing to about a 0.38% increase by the end of the week.
Trans-Atlantic Historic Trends
Source: Yahoo Finance and own calculations. Exchange rates are inverted to be USD per local currency (i.e., an increase indicates a stronger domestic currency. The center line is a rolling three-month average. The upper and lower boundaries are the average plus and average minus one standard deviation, respectively, for the same three-month period.
For the week of July 1st to July 5th, we observed the Trans-Atlantic currencies to see any changes in their exchange rates. Starting with the British pound (green), there were no notable increases or decreases until about halfway through the week when it saw a spike and trended upwards to about a 1.27% increase by the eding upwards, sitting around its three-month average. The Canadian dollar (red), Euro (blue), and British pound (green) are all trending sharply upwards, with the Canadian dollar fluctuating the most out of all the currencies, bouncing around its three-month average. The Euro and the British pound remain relatively steady compared to the Canadian dollar. We will continue to add more data as the weeks go on.
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