FX Forecasts
Group Economics Macro & Financial Markets Research
Georgette Boele +31 20 629 7789 Roy Teo +65 65 978616
24 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
24-Se p 1.1188 120.09 134.35 1.5270 0.7327 0.9777 1.0938 0.6966 1.6061 0.6294 1.7775 1.3327 1.4911 8.4118 9.4111 9.4648 8.4594 7.4607
Q4 2015 1.00 128 128 1.49 0.67 1.10 1.10 0.68 1.47 0.60 1.67 1.36 1.36 9.50 9.50 9.50 9.50 7.46
Q1 2016 1.00 130 130 1.49 0.67 1.10 1.10 0.66 1.52 0.58 1.72 1.38 1.38 9.50 9.50 9.25 9.25 7.46
Q2 2016 1.05 135 142 1.52 0.69 1.07 1.12 0.64 1.64 0.56 1.88 1.41 1.48 9.05 9.50 9.00 8.57 7.46
Q3 2016 1.05 135 142 1.50 0.70 1.09 1.14 0.62 1.69 0.55 1.91 1.43 1.50 9.05 9.50 8.75 8.33 7.46
Q4 2016 1.10 135 149 1.49 0.74 1.05 1.15 0.60 1.83 0.55 2.00 1.45 1.60 8.64 9.50 8.50 7.73 7.46
Q1 2016 6.60 6.60 67 1,250 1.47 36.60 33.50 15,200 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 15,400 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 15,500 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 15,600 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 (of f shore) 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
24-Sep 6.38 6.43 66.1 1,193 1.40 36.24 33.13 14,667 67 3.05 13.92 4.22 27.50 313 4.18 17.15 704
Source: ABN AMRO Group Economics
Q4 2015 6.55 6.55 66 1,240 1.46 36.40 33.40 15,000 60 3.10 14.00 4.15 27.50 315 4.00 17.00 700
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FX Forecasts - 24 September 2015
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