Foreign
Exchange Outlook |
Currency |
Exchange
rate |
2021 |
2022 |
2023 |
Q1 |
Q2 |
Q3F |
Q4F |
Q1F |
Q2F |
Q3F |
Q4F |
Q1F |
Q2F |
Q3F |
Q4F |
Exchange rate to U.S. dollar |
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Euro |
USD per EUR |
1.17 |
1.19 |
1.18 |
1.17 |
1.16 |
1.17 |
1.18 |
1.19 |
1.20 |
1.21 |
1.22 |
1.23 |
UK pound |
USD per GBP |
1.38 |
1.38 |
1.38 |
1.37 |
1.38 |
1.39 |
1.40 |
1.41 |
1.42 |
1.42 |
1.42 |
1.42 |
Japanese yen |
JPY per USD |
111 |
111 |
110 |
112 |
110 |
108 |
106 |
104 |
102 |
100 |
99 |
99 |
Chinese renminbi |
CNY per USD |
6.55 |
6.46 |
6.51 |
6.56 |
6.61 |
6.66 |
6.71 |
6.76 |
6.81 |
6.80 |
6.80 |
6.80 |
Exchange rate to Canadian dollar |
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U.S. dollar |
USD per CAD |
0.80 |
0.81 |
0.79 |
0.78 |
0.78 |
0.78 |
0.79 |
0.79 |
0.79 |
0.79 |
0.79 |
0.79 |
Euro |
CAD per EUR |
1.48 |
1.47 |
1.50 |
1.50 |
1.50 |
1.50 |
1.50 |
1.51 |
1.52 |
1.54 |
1.55 |
1.56 |
UK pound |
CAD per GBP |
1.73 |
1.71 |
1.75 |
1.75 |
1.78 |
1.78 |
1.78 |
1.79 |
1.80 |
1.80 |
1.80 |
1.80 |
Japanese yen |
JPY per CAD |
88.0 |
89.5 |
86.6 |
87.5 |
85.3 |
84.4 |
83.5 |
81.9 |
80.3 |
78.7 |
78.3 |
77.8 |
Chinese renminbi |
CNY per CAD |
5.21 |
5.21 |
5.12 |
5.12 |
5.12 |
5.20 |
5.28 |
5.32 |
5.36 |
5.35 |
5.35 |
5.35 |
F: Forecast
by TD Economics as at September 2021. All forecasts are end-of-period. |
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Source: Bloomberg, Bank of
Canada, Federal Reserve, TD Economics. |
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