Trans-Atlantic Exchange Rate Report For July 22- 26
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 22nd to July 26th, we observed the exchange rate changes of four Trans-Atlantic currencies. The Swiss franc (maroon) spent most of the week at a lower exchange rate but rose to around 0.75 by the end of the week. The other three currencies experienced decreases in their exchange rates: the Canadian dollar (red) fell to -0.85%, the British pound (green) to around -0.73%, and the Euro (blue) to around -0.47%.
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.
Adding this week’s data to our historical trends graph, we observe the following: All four currencies are currently trending downward, with the British pound (green) experiencing the gentlest decline, while the Euro (blue) and Canadian dollar (red) have the steepest. The Swiss franc (maroon), the British pound, and the Euro remain within their three-month averages, whereas the Canadian dollar is significantly below its lower bound. We will continue to update this graph as more data becomes available.
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