Currency Forecasts

Major and Emerging Market Currency Forecasts

August 31, 2022
Our Currency Strategy experts offer their predictions for currency performances for both Major and Emerging Markets.

Major Markets
In US Dollar Terms Current Q3 2022 Q4 2022 Q1 2023 Q2 2023
Euro 1.00 0.96 0.90 0.92 0.94
Yen 137 142 146 150 150
Sterling 1.18 1.14 1.05 1.07 1.10
Canadian $ 1.29 1.33 1.37 1.35 1.33
Australian $ 0.70 0.65 0.60 0.63 0.66
New Zealand $ 0.62 0.57 0.50 0.54 0.58
Swedish Krona 10.13 10.83 12.22 11.68 11.17
Norwegian Krone 9.69 10.42 12.22 11.41 10.64
Swiss 0.96 0.97 1.00 0.99 0.99
In Euro Terms Current Q3 2022 Q4 2022 Q1 2023 Q2 2023
Yen 136 136 131 138 141
Sterling 0.84 0.84 0.86 0.86 0.85
Swiss 0.96 0.93 0.90 0.91 0.93
Swedish Krona 10.10 10.40 11.00 10.75 10.50
Norwegian Krone 9.66 10.00 11.00 10.50 10.00

Emerging Markets
In US Dollar Terms Current Q3 2022 Q4 2022 Q1 2023 Q2 2023
Chinese Yuan 6.85 7.50 8.00 7.75 7.50
Hong Kong $ 7.85 7.85 7.85 7.85 7.85
Indian Rupee 79.88 84.00 88.00 87.00 86.00
Korean Won 1335 1275 1300 1300 1400
Indonesian Rupiah 14825 15500 16500 16250 16000
Singapore Dollar 1.39 1.39 1.40 1.42 1.45
New Taiwan $ 30.21 29.50 30.00 30.50 32.00
Thai Baht 35.87 38.00 40.00 39.00 38.50
Brazilian Real 5.12 5.25 5.50 5.40 5.30
Mexican Peso 19.94 21.00 22.00 21.50 20.50
Czech Koruna 24.75 27.08 30.56 28.80 27.13
Hungarian Forint 413 438 478 462 447
Polish Zloty 4.76 5.05 5.56 5.38 5.21
Russian Ruble 60.35 65.00 70.00 68.00 67.00
S. African Rand 16.79 17.50 18.50 18.25 18.00
Turkish Lira 18.17 20.00 22.00 24.00 25.00
In Euro Terms Current Q3 2022 Q4 2022 Q1 2023 Q2 2023
Czech Koruna 24.66 26.00 27.50 26.50 25.50
Hungarian Forint 412 420 430 425 420
Polish Zloty 4.75 4.85 5.00 4.95 4.90
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