Fx forecasts 11 september 2015

FX Forecasts

Group Economics Macro & Financial Markets Research

Georgette Boele +31 20 629 7789 Roy Teo +65 65 978616

11 September 2015

Currency Forecasts majors Red/bold = change in forecasts

EUR/USD USD/JPY EUR/JPY GBP/USD EUR/GBP USD/CHF EUR/CHF AUD/USD EUR/AUD NZD/USD EUR/NZD USD/CAD EUR/CAD USD/SEK EUR/SEK EUR/NOK USD/NOK EUR/DKK

11-Sep 1.1279 120.67 136.11 1.5447 0.7302 0.9731 1.0975 0.7058 1.5980 0.6311 1.7871 1.3241 1.4935 8.3414 9.4082 9.2070 8.1625 7.4609

Q3 2015 1.10 123 135 1.55 0.71 0.99 1.09 0.72 1.53 0.65 1.69 1.34 1.47 8.64 9.50 9.25 8.41 7.46

Q4 2015 1.00 128 128 1.49 0.67 1.10 1.10 0.70 1.43 0.63 1.59 1.36 1.36 9.50 9.50 9.00 9.00 7.46

Q1 2016 1.00 130 130 1.49 0.67 1.10 1.10 0.69 1.45 0.62 1.61 1.38 1.38 9.50 9.50 8.50 8.50 7.46

Q2 2016 1.05 135 142 1.52 0.69 1.07 1.12 0.67 1.57 0.6 1.75 1.41 1.48 9.05 9.50 8.25 7.86 7.46

Q3 2016 1.05 135 142 1.50 0.70 1.09 1.14 0.65 1.62 0.59 1.78 1.43 1.50 9.05 9.50 8.00 7.62 7.46

Q4 2016 1.10 135 149 1.49 0.74 1.05 1.15 0.64 1.72 0.58 1.90 1.45 1.60 8.64 9.50 8.00 7.27 7.46

Q1 2016 6.60 6.60 67 1,250 1.47 36.60 33.50 14,400 60 3.05 13.80 4.10 27.40 315 3.90 16.75 690

Q2 2016 6.65 6.65 67 1,270 1.49 36.80 33.70 14,600 55 3.00 13.60 4.05 27.25 310 3.85 16.50 680

Q3 2016 6.70 6.70 68 1,290 1.50 37.00 33.80 14,800 55 2.95 13.40 4.00 27.00 310 3.80 16.25 670

Q4 2016 6.75 6.75 68 1,300 1.52 37.30 34.00 15,000 55 2.90 13.20 4.00 26.75 310 3.75 16.00 660

Source: ABN AMRO Group Economics

Currency Forecasts major emerging markets Red/bold = change in forecast

USD/CNY (onshore) USD/CNH (offshore) USD/INR USD/KRW USD/SGD USD/THB USD/TWD USD/IDR USD/RUB USD/TRY USD/ZAR EUR/PLN EUR/CZK EUR/HUF USD/BRL USD/MXN USD/CLP

11-Sep 6.37 6.40 66.4 1,184 1.40 36.03 32.50 14,325 68 3.03 13.65 4.21 27.50 315 3.85 16.78 685

Source: ABN AMRO Group Economics

Q3 2015 6.50 6.55 66 1,200 1.43 36.00 32.80 14,000 65 3.00 13.90 4.20 27.50 315 3.90 17.00 690

Q4 2015 6.55 6.55 66 1,240 1.46 36.40 33.40 14,300 60 3.10 14.00 4.15 27.50 315 4.00 17.00 700

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FX Forecasts - 11 September 2015

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