According to statistics, among the seven currency pairs in foreign exchange transactions, the fluctuation range (the distance between the highest point and the lowest point) of the three currency pairs last year was the narrowest since 1980. Even the pound, which is troubled by the farce of Britain's withdrawal from the EU, has a narrow fluctuation range since this century.
Of course, the good news is that the unusually low volatility of the market often does not last long, which indicates that many currency pairs will have a wider trading range in 2020. At this time, the opportunity of big market will also be quietly brewing.
The following is an inventory of the trading range of the seven currencies of 20 19. In-depth observation will be of great reference value for the next transaction this year:
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Last year, the lowest level of the euro against the US dollar was 1.0879, and the highest level was 1. 1570. Finally, EUR/USD closed at 1. 12 12, which is near the midpoint of the annual fluctuation range. Looking forward to 2020, in which direction will the euro fluctuate?
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The highest level of GBP against USD is 20 19 1.35 14( 12 hit after the British election), and the lowest level in the whole year is1.1959 (low point on September 3). As the pound has continued to rise since the fourth quarter, the final closing point of the pound for the whole year is only over 200 points away from the high point. In 2020, whether the pound can continue the optimistic tone of the past few months is worthy of attention.
Dollar against Japanese yen
Last year, the trading range of the US dollar against the Japanese yen was 794 points. This is the narrowest trading range traceable to 1980. It is worth mentioning that in recent five years, the trading range of USD/JPY has been at a historical low-2015 years 1000 points, 20 17 years128 points, and 20 17 years. Only 20 16 fluctuated more, reaching 2267 points.
Since 1999, the annual maximum fluctuation range of USD/JPY appeared in 2008, at 2507 points, and the average fluctuation range was 1572.57 points. This also indicates that the fluctuation range of 794 points this year is only half of the past average of 2 1 year. Considering that the extremes meet, in 2020, we may expect the dollar to break the shackles of the yen.
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The highest annual price of USD against Swiss franc is the high of 65,438+0.0237 created on April 26th, while the lowest annual price is just the low of 0.9647 on the last trading day-65,438+365,438+0 in February.
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Even so, the annual fluctuation range of USD/CAD is only 7 1 1 point, which is the narrowest fluctuation range since 1996. At present, the fluctuation range of the US dollar against the Canadian dollar has narrowed for five consecutive years. As for whether the Canadian dollar can continue to be strong in the new year, we may wish to wait and see.
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The annual highest price of AUD/USD is 65438+1October 3 1 high point 0.7295, and the lowest price is 65438+1October 0 low point 0.667 1. AUD/USD finally closed at 0.70 17 at 20 19, which was higher than the middle point of the annual trading range.
New Zealand dollar
Last year, the trading range between the New Zealand dollar and the US dollar was 738 points, surpassing the Australian dollar, the currency of its neighbors. But this is still the narrowest trading range since 200 1. In 2008, the fluctuation range of the New Zealand dollar against the US dollar reached 3022 points, more than four times that of last year.