Trans-Atlantic Exchange Rate Report For June 10 - 14
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 June 10th to June 14th, we observed the Trans-Atlantic currencies to track changes in their exchange rates. Overall, all four currencies experienced decreases compared to the previous week. The British pound (green) had the smallest decrease, at around -0.26%. The Swiss franc (maroon) and the Canadian dollar (red) followed similar trends over the week, ending with decreases of -0.48% and -0.51%, respectively. Lastly, the Euro (blue) saw the largest decrease, dropping by -1.45%.
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.
We added this week’s data to our historical trends and observed the following: The Euro (blue) experienced a large spike but flatlined overall by the week's end, remaining below its three-month average. The British pound (green) also saw a spike but is trending downwards while staying above its three-month average. The Canadian dollar (red) is now recovering from the drops it experienced over the past few weeks, trending upwards and sitting more than one standard deviation above its average. Finally, the Swiss franc (maroon) continues its upward trend, remaining well above its three-month average.
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