6
FOREX CURRENCY FORECAST (2017 - 2018)
FOREX MAJORS (USD)
2017
2018
SPOT
Q1a
Q2f
Q3f
Q4f
Q1f
Q2f
Q3f
Q4f
Canadian Dollar
USD/CAD
1.34
1.33
1.35
1.36
1.34
1.36
1.33
1.33
1.32
Euro
EUR/USD
1.06
1.07
1.10
1.12
1.14
1.15
1.16
1.18
1.20
Japanese Yen
USD/JPY
111
111
113
111
110
109
109
108
107
British Pound
GBP/USD
1.24
1.25
1.22
1.25
1.30
1.31
1.33
1.34
1.36
Swiss Franc
USD/CHF
1.01
1.00
0.98
0.97
0.96
0.96
0.95
0.95
0.95
Australian Dollar
AUD/USD
0.75
0.77
0.74
0.75
0.77
0.78
0.79
0.78
0.77
New Zealand Dollar
NZD/USD
0.69
0.70
0.69
0.71
0.72
0.72
0.72
0.73
0.74
OTHER PAIRS (USD)
2017
2018
SPOT
Q1a
Q2f
Q3f
Q4f
Q1f
Q2f
Q3f
Q4f
Mexican Peso
MXN/USD
18.63
18.65
19.70
19.80
19.75
20.25
20.54
20.55
20.60
Chinese Renminbi
CNH/USD
6.89
6.89
6.92
6.97
6.95
6.93
6.91
7.00
7.05
Indian Rupee
INR/USD
64.27
64.9
64.5
64.0
63.8
63.6
63.6
63.4
63.2
South African Rand
ZAR/USD
13.77
13.40
13.40
13.50
13.70
13.90
14.10
14.40
14.50
Polish Zloty
PLN/USD
3.99
3.95
4.05
4.10
4.15
4.20
4.25
4.27
4.22
CANADIAN CROSSES
2017
SPOT
Q1a
1.43
2018
Q2f
Q3f
Q4f
Q1f
Q2f
Q3f
Q4f
1.49
1.52
1.53
1.56
1.54
1.55
1.57
Euro
EUR/CAD
1.42
Japanese Yen
CAD/JPY
83
84
84
82
82
80
81
80
81
British Pound
GBP/CAD
1.66
1.66
1.65
1.70
1.74
1.79
1.77
1.80
1.82
Swiss Franc
CAD/CHF
0.75
0.75
0.73
0.71
0.72
0.71
0.71
0.71
0.72
Australian Dollar
AUD/CAD
1.00
1.02
1.00
1.02
1.03
1.06
1.05
1.05
1.04
New Zealand Dollar
NZD/CAD
0.93
0.93
0.92
0.94
0.95
0.98
0.96
0.97
0.98
Chinese Renminbi
CNY/CAD
5.14
5.17
5.13
5.13
5.19
5.10
5.20
5.26
5.34
Indian Rupee
INR/CAD
48.03
48.55
47.78
47.06
47.61
46.76
47.82
47.67
47.88
South African Rand
ZAR/CAD
10.27
10.06
9.93
9.93
10.22
10.22
10.60
10.83
10.98
Polish Zloty
PLN/CAD
2.97
2.96
3.00
3.01
3.10
3.09
3.20
3.21
3.20
Mexican Peso
MXN/CAD
13.89
14.04
14.61
14.56
14.74
14.89
15.44
15.45
15.61
page: 01
FOREIGN EXCHANGE DISCLAIMER
SOURCES:
Bank of Nova Scotia - www.scotiafx.com
Royal Bank of Canada - www.rbc.com/economics
TD Bank - https://www.td.com/economics
Bank of Montreal - http://economics.bmocapitalmarkets.com
CIBC - https://economics.cibccm.com/economicsweb/EconomicsHome
This report has been prepared solely for information purposes. It is not an offer, recommendation, or solicitation to buy or sell; nor is it an
official confirmation of terms. It is based on public information. No representation is made that it is accurate or complete. Changes to
assumption may have a material impact on any returns detailed. Historic information or performance is not indicative of future returns. The
information is subject to change withoutnotice.
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page: 02