Trans-Atlantic Exchange Rate Report for May 13 - 17
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 May 13th to May 17th, we observed changes in the Trans-Atlantic currencies. In the first few days, there were not many changes to each currency from the previous week. However, starting on May 14th, changes began to occur with all of the currencies. The British pound (green) increased by about 1.30% on May 16th before closing the week at around 1.20%, the largest of the 4 currencies. The Euro (Blue) closed the week with an increase of 0.75%, and the Canadian dollar (orange) ended the week with an increase of around 0.48%. While the Swiss franc (maroon) had a maximum increase of 0.55% on May 16th, by the end of the week it experienced no change from the start of the week, remaining at around 0%.
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.
After adding this week’s findings to our historical trends, we observe the following: The Euro (blue), the Canadian dollar (red), and the British pound (green) all experienced another steep increase above their three-month average, while continuing to trend upward into the next week. The Swiss franc (maroon) experienced a sharp spike up before trending back down into the next week, still below the three-month average.
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