Currency Trading Ranges

In addition to our regular monthly surveys of projections for over 90 currencies we also undertake a special survey of currency trading ranges in Foreign Exchange Consensus Forecasts (in January) for the currencies listed below.

G7 Asia Pacific Eastern Europe Latin America Africa
US Dollar Australian Dollar Russian Rouble Argentinian peso South African rand
Euro Chinese Renminbi Hungarian Forint Brazilian Real
Japanese Yen New Zealand dollar Polish Zloty Mexican Peso
UK Pound South Korean Won Turkish Lira
Canadian Dollar Indian Rupee Czech Koruna

To download a sample issue of Foreign Exchange Consensus Forecasts please click on the button to below or continue reading to learn more about this special survey.

 

 

All forex market participants recognize that currencies tend to fluctuate within trading ranges rather than moving smoothly from one level to another over time. Moreover, different currencies exhibit differing degrees of volatility. As a result, as well as their point forecasts for individual currencies, this month we also asked our panellists for their predictions of the likely ranges within which they expect a number of currencies to trade over the coming year. More precisely, our panellists are asked to provide their estimates of the quarterly ranges within which a number of major currencies are likely to trade over the next five quarters.

Currency Trading Ranges
Actual Consensus Forecasts
Japanese Yen v US dollar Q4 ’16 Q1 ’17 Q2 ’17 Q3 ’17 Q4 ’17 Q1 ’18
High 101.1 108.5 109.0 108.0 107.0 107.0
Low 119.2 120.5 122.0 121.0 120.0 120.0

The charts above represent a small portion of this special survey taken from our January 2017 issue of Foreign Exchange Consensus Forecasts.