Foreign Exchange Outlook | |||||||||||||
Currency | Exchange rate | 2018 | 2019 | 2020 | |||||||||
Q1 | Q2 | Q3 | Q4* | Q1F | Q2F | Q3F | Q4F | Q1F | Q2F | Q3F | Q4F | ||
Canadian dollar | CAD per USD | 1.29 | 1.31 | 1.29 | 1.34 | 1.31 | 1.30 | 1.29 | 1.28 | 1.27 | 1.27 | 1.26 | 1.26 |
Japanese yen | JPY per USD | 106 | 111 | 113 | 113 | 110 | 107 | 106 | 105 | 104 | 103 | 103 | 102 |
Euro | USD per EUR | 1.23 | 1.17 | 1.16 | 1.14 | 1.16 | 1.18 | 1.20 | 1.21 | 1.22 | 1.23 | 1.24 | 1.25 |
U.K. pound | USD per GBP | 1.40 | 1.32 | 1.31 | 1.26 | 1.30 | 1.31 | 1.32 | 1.33 | 1.34 | 1.35 | 1.36 | 1.37 |
Swiss franc | CHF per USD | 0.95 | 0.99 | 0.98 | 0.99 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
Australian dollar | USD per AUD | 0.77 | 0.74 | 0.72 | 0.72 | 0.73 | 0.73 | 0.74 | 0.75 | 0.76 | 0.76 | 0.76 | 0.76 |
NZ dollar | USD per NZD | 0.72 | 0.68 | 0.66 | 0.69 | 0.69 | 0.70 | 0.71 | 0.72 | 0.73 | 0.73 | 0.73 | 0.73 |
F: Forecast by TD Bank Group as
at December 2018. All forecasts are end-of-period. Source: Bloomberg, Federal Reserve, TD Economics. * Spot rate as at December 12, 2018. |