Foreign Exchange Outlook | |||||||||||||
Currency | Exchange rate | 2018 | 2019 | 2020 | |||||||||
Q1 | Q2 | Q3 | Q4 | Q1* | Q2F | Q3F | Q4F | Q1F | Q2F | Q3F | Q4F | ||
Exchange rate to U.S. dollar | |||||||||||||
Japanese yen | JPY per USD | 106 | 111 | 113 | 110 | 111 | 109 | 108 | 107 | 106 | 105 | 105 | 104 |
Euro | USD per EUR | 1.23 | 1.17 | 1.16 | 1.15 | 1.13 | 1.14 | 1.14 | 1.15 | 1.16 | 1.17 | 1.18 | 1.19 |
U.K. pound | USD per GBP | 1.40 | 1.32 | 1.31 | 1.28 | 1.33 | 1.31 | 1.32 | 1.33 | 1.34 | 1.35 | 1.36 | 1.37 |
Exchange rate to Canadian dollar | |||||||||||||
U.S. dollar | USD per CAD | 0.78 | 0.76 | 0.77 | 0.73 | 0.75 | 0.75 | 0.75 | 0.75 | 0.76 | 0.76 | 0.76 | 0.76 |
Japanese yen | JPY per CAD | 82.4 | 84.3 | 87.8 | 80.4 | 83.6 | 82.0 | 81.2 | 80.5 | 80.0 | 79.5 | 79.5 | 79.4 |
Euro | CAD per EUR | 1.59 | 1.53 | 1.50 | 1.56 | 1.51 | 1.52 | 1.52 | 1.53 | 1.54 | 1.54 | 1.55 | 1.56 |
U.K. pound | CAD per GBP | 1.81 | 1.73 | 1.69 | 1.74 | 1.77 | 1.74 | 1.76 | 1.77 | 1.78 | 1.78 | 1.79 | 1.80 |
F: Forecast by TD Bank Group as
at March 2019. All forecasts are end-of-period. Source: Bloomberg, Bank of Canada, Federal Reserve, TD Economics. * Spot rate as at March 13, 2019. |