This document analyzes weekly exchange rate data between the USD and three other currencies from 2011-2013. It discusses fluctuations in the USD vs. EUR, USD vs. CNY, and USD vs. JPY exchange rates, noting factors like central bank monetary policies that contributed to movements within each currency pair's 2 standard deviation range over that period.

1. Exchange Rates
Gangming Liang

2. Exchange Rates
• Weekly 2011 – 2013 Data
• USD vs. EUR
• USD vs. CNY
• USDvs. JPY
• 2 Standard Deviation (95% Confidence Level)

3. USD vs. EUR
• 2 Standard Deviation: 2.20% (Highest)
• Fluctuation: 1.4736- 1.2193 (USD/EUR)
o ECB Will Cut Interest Rate on March
o ECB Might Ease Policy In Coming Months
o Italy Political Election
(Targeted From $1.3047/Euro To $1.28/Euro )
o Cyprus’ Recover From Banking System Crisis

4. USD vs. EUR

5. USD vs. CNY
• 2 Standard Deviation: 0.32% (Lowest)
• Fluctuation: 0.15289– 0.16097 (USD/ CNY)
o Historical High: 6.2 (CNY/ USD)
o Internationalization Aggressively
o International Funds Flow Into China Lead To
Domestic Liquidity Challenge

6. USD vs. CNY

7. USD vs. JPY
• 2 Standard Deviation: 1.88%
• Fluctuation: 0.010430- 0.013172 (USD/JPY)
o 2 New Bank of Japan Deputy.
o BOJ To Pursue Aggressive Monetary Easing:
Stimulate Economy & Make JPY Weaker
o Aim at 2 % Inflation (2014- 2015) : Omit Asset Bubble
o Keep Ultra Low Interest %; Unemployment % at 6.5%
o Double long term Treasury Purchase $77B/ Month
o Historical Low after 2008; Deflation

8. USD vs. JPY

9. The End

10. The End