Currencies - Exchange Rate - Forecast - 2018/2020

TRADING ECONOMICS expects the US dollar to gradually appreciate against other currencies in 2018. We believe the Federal Reserve will continue to increase interest rates faster than other central banks thus making the dollar denominated assets more attractive in terms of yield differential. In addition, the removal of excessive monetary liquidity from financial system is also likely to make stock markets more vulnerable and the return of risk aversion is likely to drive the dollar higher as investors make a flight for safety. TRADING ECONOMICS provides forecasts for major currency exchange rates, forex crosses and crypto currencies based on its analysts expectations and proprietary global macro models. The current forecasts were last revised on July 4 of 2018.


Major Price Day Q3/18 Q4/18 Q1/19 Q2/19
EURUSD 1.17111 0.0026 0.22% 1.14449 1.12564 1.10702 1.08875
GBPUSD 1.32346 0.0022 0.16% 1.29775 1.27517 1.25298 1.23119
AUDUSD 0.74168 0.0006 -0.08% 0.72529 0.71236 0.69966 0.68726
NZDUSD 0.67770 0.0014 0.21% 0.66242 0.64862 0.63516 0.62197
USDJPY 112.29 0.1480 -0.13% 112.22 113.99 115.80 117.62
USDCNY 6.70080 0.0092 -0.14% 6.71556 6.78995 6.86567 6.94139
USDCHF 0.99650 0.0051 -0.51% 1.01013 1.02760 1.04538 1.06345
USDCAD 1.31350 0.0024 -0.18% 1.33961 1.36460 1.39024 1.41615
USDMXN 18.8181 0.0629 -0.33% 20.0258 20.6020 21.1957 21.8069
USDINR 68.5400 0.0500 0.07% 69.3781 70.1330 70.9017 71.6703
USDBRL 3.8605 0.0091 0.24% 4.0231 4.1529 4.2873 4.4257
USDRUB 62.2720 0.2610 -0.42% 65.1108 67.0212 68.9822 71.0064
DXY 94.51 0.2420 -0.26% 93.86 94.78 95.70 96.00
USDKRW 1,133.79 4.7850 0.42% 1,140.51 1,161.46 1,182.85 1,204.68
USDZAR 13.2095 0.0264 -0.20% 14.2003 14.7248 15.2672 15.8314
USDSGD 1.36151 0.0039 -0.28% 1.37867 1.39286 1.40719 1.42165
USDHKD 7.84890 0.0007 0.01% 7.84351 7.84351 7.84351 7.84351

Crypto Price Day Q3/18 Q4/18 Q1/19 Q2/19
BTCUSD 6,656.11 412.1300 6.60% 5,114.26 4,017.97 3,156.05 2,479.66
ETHUSD 475.75 41.7600 9.62% 465.38 465.38 465.38 465.38
XRPUSD 0.47 0.0298 6.79% 0.49 0.49 0.49 0.49

EUR Cross Price Day Q3/18 Q4/18 Q1/19 Q2/19
EURUSD 1.17111 0.0026 0.22% 1.14449 1.12564 1.10702 1.08875
EURGBP 0.8847 0.0025 0.28% 0.8819 0.8827 0.8835 0.8843
EURAUD 1.5781 0.0045 0.29% 1.5780 1.5801 1.5822 1.5842
EURNZD 1.7285 0.0139 0.81% 1.7277 1.7354 1.7429 1.7505
EURJPY 131.50 0.1900 0.14% 128.43 128.31 128.19 128.06
EURCNY 7.8491 0.0237 0.30% 7.6859 7.6430 7.6004 7.5574
EURCHF 1.1667 0.0036 -0.31% 1.1561 1.1567 1.1573 1.1578
EURCAD 1.5381 0.0013 0.08% 1.5332 1.5360 1.5390 1.5418
EURMXN 22.0363 0.0060 -0.03% 22.9193 23.1903 23.4640 23.7422
EURINR 80.29 0.2572 0.32% 79.40 78.94 78.49 78.03
EURBRL 4.5215 0.0211 0.47% 4.6044 4.6746 4.7461 4.8184
EURRUB 72.94 0.3976 0.55% 74.52 75.44 76.36 77.31
EURKRW 1,327.82 8.5848 0.65% 1,305.30 1,307.38 1,309.43 1,311.60
EURIDR 16,837.33 40.1415 0.24% 16,580.90 16,467.66 16,354.09 16,241.95
EURSEK 10.3216 0.0343 -0.33% 10.3278 10.3881 10.4488 10.5088
EURSGD 1.5945 0.0007 0.04% 1.5779 1.5679 1.5578 1.5478
EURNOK 9.4805 0.0061 0.06% 9.4978 9.5453 9.5915 9.6392
EURCZK 25.8523 0.0292 -0.11% 26.1820 26.2930 26.4037 26.5168
EURDKK 7.4524 0.0018 -0.02% 7.4604 7.4701 7.4798 7.4895
EURHKD 9.1920 0.0256 0.28% 8.9768 8.8289 8.6829 8.5396
EURISK 124.85 0.1913 -0.15% 126.29 127.53 128.77 130.03
EURZAR 15.4650 0.0027 -0.02% 16.2521 16.5748 16.9010 17.2364

GBP Cross Price Day Q3/18 Q4/18 Q1/19 Q2/19
GBPUSD 1.32346 0.0022 0.16% 1.29775 1.27517 1.25298 1.23119
EURGBP 0.8847 0.0025 0.28% 0.8819 0.8827 0.8835 0.8843
GBPAUD 1.7833 0.0040 0.22% 1.7893 1.7900 1.7908 1.7914
GBPNZD 1.9528 0.0087 0.45% 1.9591 1.9660 1.9727 1.9795
GBPJPY 148.59 0.0898 -0.06% 145.63 145.35 145.09 144.81
GBPCNY 8.8660 0.0091 -0.10% 8.7151 8.6583 8.6025 8.5461
GBPCHF 1.3197 0.0057 -0.43% 1.3109 1.3104 1.3098 1.3093
GBPCAD 1.7382 0.0001 0.01% 1.7385 1.7401 1.7419 1.7435
GBPMXN 24.8640 0.0130 -0.05% 25.9885 26.2709 26.5577 26.8483
GBPINR 90.70 0.0730 0.08% 90.04 89.43 88.84 88.24
GBPBRL 5.1103 0.0141 0.28% 5.2209 5.2956 5.3719 5.4488
GBPRUB 82.52 0.2275 -0.28% 84.50 85.46 86.43 87.42
GBPKRW 1,500.50 6.6099 0.44% 1,480.10 1,481.05 1,482.08 1,483.19
GBPIDR 19,074.74 53.7380 0.28% 18,801.27 18,655.20 18,510.36 18,366.83
GBPCZK 29.2211 0.0878 -0.30% 29.6881 29.7857 29.8850 29.9859
GBPSGD 1.8022 0.0045 -0.25% 1.7892 1.7761 1.7632 1.7503
GBPDKK 8.4208 0.0197 -0.23% 8.4594 8.4624 8.4660 8.4693
GBPHKD 10.3872 0.0146 0.14% 10.1789 10.0018 9.8277 9.6568

JPY Cross Price Day Q3/18 Q4/18 Q1/19 Q2/19
USDJPY 112.29 0.1480 -0.13% 112.22 113.99 115.80 117.62
EURJPY 131.50 0.1900 0.14% 128.43 128.31 128.19 128.06
GBPJPY 148.59 0.0898 -0.06% 145.63 145.35 145.09 144.81
AUDJPY 83.30 0.1040 -0.12% 81.39 81.20 81.02 80.84
NZDJPY 76.09 0.1039 0.14% 74.34 73.93 73.55 73.16
CNYJPY 16.7540 0.0088 0.05% 16.7104 16.7876 16.8664 16.9450
CHFJPY 112.63 0.4880 0.44% 111.09 110.93 110.77 110.60
CADJPY 85.47 0.1350 0.16% 83.77 83.53 83.29 83.06
MXNJPY 5.9634 0.0199 0.33% 5.6037 5.5328 5.4633 5.3938
INRJPY 1.6384 0.0021 -0.13% 1.6175 1.6253 1.6332 1.6411
BRLJPY 29.0805 0.0933 -0.32% 27.8939 27.4479 27.0097 26.5772
RUBJPY 1.8015 0.0046 0.26% 1.7235 1.7008 1.6787 1.6565
KRWJPY 0.0991 0.0005 -0.47% 0.0984 0.0981 0.0979 0.0976
IDRJPY 0.00782 0.0000 0.00% 0.00775 0.00779 0.00784 0.00788
SGDJPY 82.41 0.1171 0.14% 81.40 81.84 82.29 82.74
HKDJPY 14.3050 0.0180 -0.13% 14.3073 14.5327 14.7637 14.9960

Europe Price Day Q3/18 Q4/18 Q1/19 Q2/19
EURUSD 1.17111 0.0026 0.22% 1.14449 1.12564 1.10702 1.08875
GBPUSD 1.32346 0.0022 0.16% 1.29775 1.27517 1.25298 1.23119
USDCHF 0.99650 0.0051 -0.51% 1.01013 1.02760 1.04538 1.06345
USDRUB 62.2720 0.2610 -0.42% 65.1108 67.0212 68.9822 71.0064
USDTRY 4.8431 0.0111 -0.23% 4.8439 4.9951 5.1511 5.3117
USDSEK 8.8192 0.0628 -0.71% 9.0239 9.2287 9.4387 9.6522
USDPLN 3.6724 0.0193 -0.52% 3.8606 3.9519 4.0450 4.1405
USDNOK 8.0965 0.0162 -0.20% 8.2988 8.4799 8.6642 8.8535
USDDKK 6.3635 0.0154 -0.24% 6.5185 6.6363 6.7567 6.8790
USDCZK 22.0746 0.0754 -0.34% 22.8766 23.3583 23.8512 24.3553
USDRON 3.9734 0.0049 -0.12% 4.0790 4.1558 4.2339 4.3132
USDHUF 275.82 0.3000 -0.11% 286.97 293.48 300.16 306.95
USDUAH 26.16 0.0600 -0.23% 26.78 27.14 27.51 27.88
USDBYR 2 0.0070 0.36% 2 2 2 2
USDHRV 6.3162 0.0113 -0.18% 6.4697 6.5923 6.7167 6.8437
USDSRB 100.56 0.3700 -0.37% 103.06 105.01 107.00 109.02
USDBIH 1.6669 0.0044 -0.26% 1.7132 1.7489 1.7855 1.8229
USDISK 106.59 0.4200 -0.39% 110.35 113.29 116.33 119.43
USDALL 107.39 0.1200 -0.11% 109.84 111.97 114.14 116.36
USDMKD 52.31 0.2000 -0.38% 53.56 54.50 55.45 56.42
USDMDL 16.6380 0.0120 -0.07% 16.9426 17.1468 17.3544 17.5653
USDBGN 1.6706 0.0032 -0.19% 1.6700 1.6800 1.6800 1.6800

America Price Day Q3/18 Q4/18 Q1/19 Q2/19
USDCAD 1.31350 0.0024 -0.18% 1.33961 1.36460 1.39024 1.41615
USDMXN 18.8181 0.0629 -0.33% 20.0258 20.6020 21.1957 21.8069
USDBRL 3.8605 0.0091 0.24% 4.0231 4.1529 4.2873 4.4257
DXY 94.51 0.2420 -0.26% 93.86 94.78 95.70 96.00
USDARS 27.3000 0.1030 0.38% 29.0889 30.3250 31.6141 32.9562
USDVEB 119,850.00 50,025.0000 71.64% 114,856.30 114,856.30 114,856.30 114,856.30
USDCOP 2,874.50 17.5500 0.61% 2,980.72 3,054.88 3,131.08 3,209.02
USDCLP 650.03 0.1000 -0.02% 663.89 678.38 693.13 708.27
USDPEN 3.2645 0.0015 -0.05% 3.3167 3.3483 3.3801 3.4120
USDCUC 1.0000 0.0000 0.00% 1.0000 1.0000 1.0000 1.0000
USDDOP 49.7000 0.0400 0.08% 50.9253 52.2554 53.6203 55.0198
USDGTQ 7.4810 0.0060 0.08% 7.5289 7.5679 7.6076 7.6473
USDURY 31.3400 0.0000 0.00% 32.1176 32.6546 33.1979 33.7539
USDCRC 564.70 0.1500 -0.03% 570.05 574.85 579.66 584.52
USDPAB 1.0000 0.0000 0.00% 1.0000 1.0000 1.0000 1.0000
USDBOB 6.8500 0.0100 -0.15% 6.8890 6.9281 6.9678 7.0076
USDPYG 5,710.02 3.0200 0.05% 5,750.00 5,812.57 5,876.27 5,939.98
USDSVC 8.7495 0.0003 0.00% 9.0689 9.3996 9.7426 10.0987
USDTTD 6.7412 0.0912 1.37% 6.8515 7.0590 7.2731 7.4932
USDHNL 23.9475 0.0009 0.00% 24.0829 24.2218 24.3630 24.5043
USDJMD 129.90 0.2000 0.15% 130.56 132.26 133.97 135.71
USDNIO 31.7500 0.0400 0.13% 32.6502 33.6389 34.6594 35.7083
USDHTG 67.39 1.2371 1.87% 65.31 67.17 69.09 71.05
USDBSD 1.0000 0.0000 0.00% 1.0000 1.0000 1.0000 1.0000
USDSRD 7.3960 0.0340 -0.46% 7.4865 7.5437 7.6009 7.6581
USDGYD 207.98 0.3900 0.19% 210.97 215.23 219.57 224.02
USDKYD 0.8200 0.0050 -0.61% 0.8317 0.8384 0.8452 0.8521

Asia Price Day Q3/18 Q4/18 Q1/19 Q2/19
USDJPY 112.29 0.1480 -0.13% 112.22 113.99 115.80 117.62
USDCNY 6.70080 0.0092 -0.14% 6.71556 6.78995 6.86567 6.94139
USDINR 68.5400 0.0500 0.07% 69.3781 70.1330 70.9017 71.6703
USDKRW 1,133.79 4.7850 0.42% 1,140.51 1,161.46 1,182.85 1,204.68
USDIDR 14,370.00 5.0000 -0.03% 14,487.60 14,629.64 14,773.11 14,918.01
USDSAR 3.7502 0.0001 0.00% 3.7503 3.7503 3.7503 3.7503
USDTWD 30.5370 0.0290 -0.09% 30.8089 31.0958 31.3858 31.6758
USDIRR 43,350.00 160.0000 0.37% 43,639.40 44,600.15 45,582.25 46,581.43
USDAED 3.6726 0.0002 -0.01% 3.6730 3.6730 3.6730 3.6730
USDTHB 33.2600 0.0400 -0.12% 33.4580 33.7893 34.1239 34.4618
USDMYR 4.0440 0.0060 -0.15% 4.0776 4.1135 4.1495 4.1863
USDSGD 1.36151 0.0039 -0.28% 1.37867 1.39286 1.40719 1.42165
USDILS 3.6254 0.0111 -0.31% 3.7069 3.7595 3.8129 3.8670
USDHKD 7.84890 0.0007 0.01% 7.84351 7.84351 7.84351 7.84351
USDPHP 53.4610 0.0490 -0.09% 53.9936 54.6075 55.2321 55.8621
USDPKR 124.00 3.0600 2.53% 123.11 124.80 126.51 128.24
USDIQD 1,186.43 3.5699 -0.30% 1,196.40 1,206.48 1,216.57 1,226.77
USDKZT 342.46 0.1000 -0.03% 348.36 353.57 358.89 364.28
USDQAR 3.6405 0.0005 0.01% 3.7802 3.9244 4.0737 4.2289
USDVND 23,050.00 0.0000 0.00% 23,045.00 23,045.00 23,045.00 23,045.00
USDBDT 84.00 0.3300 0.39% 85.57 87.43 89.33 91.28
USDOMR 0.3846 0.0000 0.00% 0.3850 0.3850 0.3850 0.3850
USDAZN 1.6800 0.0130 -0.77% 1.7174 1.7421 1.7672 1.7927
USDLKR 159.70 0.2500 0.16% 159.24 160.08 160.93 161.79
USDSYP 515.00 0.0000 0.00% 515.00 515.00 515.00 515.00
USDMMK 1,422.00 0.0000 0.00% 1,430.16 1,450.61 1,471.34 1,492.34
USDUZS 7,782.81 25.5900 -0.33% 9,076.27 10,505.73 12,160.24 14,075.86
USDMOP 8.0510 0.0050 -0.06% 8.0650 8.0650 8.0650 8.0650
USDTMT 3.4900 0.0000 0.00% 3.5849 3.6823 3.7825 3.8854
USDLBP 1,505.50 0.5000 0.03% 1,514.48 1,523.96 1,533.60 1,543.23
USDYER 249.95 0.0500 0.02% 251.35 252.75 254.17 255.60
USDBHD 0.3787 0.0004 0.11% 0.3800 0.3800 0.3800 0.3800
USDAFN 72.35 0.1900 0.26% 73.81 74.39 74.96 75.54
USDNPR 109.71 0.0800 0.07% 111.07 112.33 113.62 114.92
USDBND 1.3520 0.0024 0.18% 1.3649 1.3786 1.3923 1.4063
USDKHR 4,046.00 1.0000 -0.02% 4,094.96 4,140.32 4,186.49 4,232.66
USDGEL 2.4420 0.0000 0.00% 2.4839 2.5339 2.5848 2.6369
USDKPW 130.00 0.0000 0.00% 130.00 130.00 130.00 130.00
USDMNT 2,451.00 1.0000 0.04% 2,476.48 2,492.96 2,509.69 2,526.67
USDLAK 8,430.00 28.0000 0.33% 8,398.00 8,398.00 8,398.00 8,398.00
USDAMD 479.75 0.2500 0.05% 482.00 482.00 482.00 482.00
USDTJS 9.4145 0.0020 0.02% 9.2218 9.2723 9.3236 9.3750
USDKGS 68.05 0.1000 -0.15% 68.51 69.01 69.50 70.00
USDMVR 15.4200 0.0000 0.00% 15.7423 16.0707 16.4069 16.7507
USDJOD 0.710 0.0016 0.23% 0.730 0.740 0.700 0.700
USDKWD 0.3026 0.0002 0.07% 0.3100 0.3100 0.3000 0.3000

Australia Price Day Q3/18 Q4/18 Q1/19 Q2/19
AUDUSD 0.74168 0.0006 -0.08% 0.72529 0.71236 0.69966 0.68726
NZDUSD 0.67770 0.0014 0.21% 0.66242 0.64862 0.63516 0.62197
USDPGK 3.2915 0.0006 -0.02% 3.3461 3.4033 3.4615 3.5207
USDXPF 101.34 0.2300 -0.23% 103.92 105.90 107.91 109.95
USDFJD 2.0949 0.0000 0.00% 2.1394 2.1788 2.2192 2.2603

Africa Price Day Q3/18 Q4/18 Q1/19 Q2/19
USDNGN 304.80 0.0200 0.01% 364.10 421.52 487.98 564.94
USDZAR 13.2095 0.0264 -0.20% 14.2003 14.7248 15.2672 15.8314
USDZMW 10.0000 0.1250 1.27% 10.2473 10.5266 10.8149 11.1102
USDEGP 17.8971 0.0571 0.32% 18.0303 18.1379 18.2472 18.3565
USDDZD 117.39 0.2728 -0.23% 118.46 119.51 120.57 121.65
USDAOA 254.75 0.5280 0.21% 258.61 268.93 279.65 290.82
USDMAD 9.4507 0.0137 -0.14% 9.6010 9.7130 9.8269 9.9417
USDSDG 17.9551 0.0001 0.00% 21.6251 26.0457 31.3694 37.7811
USDKES 100.30 0.3000 -0.30% 101.11 101.63 102.15 102.67
USDETB 27.3161 0.0049 0.02% 28.2233 29.2025 30.2172 31.2647
USDTZS 2,271.00 1.0000 0.04% 2,281.80 2,293.61 2,305.64 2,317.67
USDTND 2.6280 0.0038 -0.14% 2.7188 2.8124 2.9091 3.0093
USDLYD 1.3702 0.0008 -0.06% 1.3841 1.3965 1.4088 1.4214
USDGHS 4.7800 0.0100 -0.21% 4.9099 5.0222 5.1374 5.2550
USDCDF 1,602.00 1.0000 -0.06% 1,663.20 1,726.80 1,792.64 1,861.20
USDUGX 3,690.00 16.2900 -0.44% 3,872.30 3,899.98 3,927.67 3,955.35
USDMZN 58.00 0.3500 -0.60% 60.15 61.52 62.93 64.37
USDBWP 10.2618 0.0263 -0.26% 10.6592 10.9275 11.2030 11.4858
USDXAF 571.00 2.0000 0.35% 596.03 618.10 640.97 664.65
USDNAD 13.2110 0.0425 -0.32% 14.1668 14.6570 15.1636 15.6894
USDSSP 139.73 0.0000 0.00% 140.15 141.37 142.59 143.85
USDMUR 34.3500 0.2000 0.59% 35.2479 35.9596 36.6852 37.4280
USDMGA 3,330.00 4.0000 -0.12% 3,569.84 3,850.19 4,152.40 4,478.10
USDRWF 873.97 0.1626 0.02% 918.02 965.68 1,015.77 1,068.48
USDGNF 9,008.00 2.0000 -0.02% 9,111.26 9,218.42 9,327.38 9,437.24
USDMRO 357.30 0.0000 0.00% 359.73 362.16 364.62 367.13
USDSLL 8,300.00 100.0000 1.22% 8,275.77 8,455.59 8,638.65 8,826.57
USDXOF 557.45 3.0000 -0.54% 587.32 608.52 630.52 653.25
USDMWK 713.44 2.4400 0.34% 720.62 727.19 733.76 740.47
USDERN 15.3000 0.3000 2.00% 15.6360 16.2990 16.9905 17.7105
USDSZL 13.1908 0.0815 -0.61% 14.1664 14.6540 15.1580 15.6797
USDBIF 1,761.26 0.1700 0.01% 1,776.79 1,793.16 1,809.71 1,826.26
USDLSL 13.2049 0.0614 -0.46% 14.1789 14.6881 15.2150 15.7612
USDLRD 159.81 0.7800 0.49% 159.75 168.69 178.15 188.12
USDCVE 93.98 0.2500 -0.27% 96.36 98.14 99.96 101.81
USDDJF 177.50 0.0000 0.00% 178.92 180.36 181.80 183.25
USDSCR 13.4135 0.0165 -0.12% 14.8939 16.5176 18.3172 20.3142
USDSOS 575.00 0.0000 0.00% 575.00 575.00 575.00 575.00
USDGMD 47.9000 1.0000 2.13% 50.3094 53.0073 55.8484 58.8423
USDKMF 419.17 1.8300 -0.43% 431.87 442.73 453.90 465.35
USDSTD 21,040.00 130.0000 -0.62% 21,647.75 22,309.41 22,992.07 23,695.74

TRADING ECONOMICS forecasts are based on its analysts expectations and proprietary global macro models. We work hard to make sure any information we present is accurate and reliable. However, our forecasts are not recommendations to buy or sell nor we are a registered investment adviser. Moreover, the past performance of our models is not necessarily indicative of future results.