Fx forecasts 24 september 2015

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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