Appendix

Table 1 – Relative strength of the US dollar

Pair Gain/Loss in Pips May 8th Low Dec 31st Close % Change
USD/RUB 24794 34.964 59.758 70.913%
USD/NOK 16278 5.8462 7.4740 27.844%
USD/BRL 4585 2.1990 2.6575 20.850%
USD/SEK 13383 6.4587 7.7970 20.721%
USD/HUF 4460 217.09 261.69 20.544%
USD/JPY 1828 101.53 119.81 18.005%
USD/DKK 8223 5.3329 6.1552 15.419%
USD/MXN 18374 12.9116 14.7490 14.231%
EUR/USD (inverted) 1892 1.3993 1.2101 13.521%
USD/TRY 2710 2.0635 2.3345 13.133%
USD/CHF 1138 0.8798 0.9936 12.935%
AUD/USD (inverted) 1212 0.9378 0.8166 12.924%
USD/ZAR 13130 10.2580 11.5710 12.800%
NZD/USD (inverted) 853 0.8649 0.7796 9.862%
GBP/USD (inverted) 1358 1.6937 1.5579 8.018%
USD/CAD 797 1.0815 1.1612 7.369%
USD/KRW 7220 1021.70 1093.90 7.067%
USD/SGD 807 1.2449 1.3256 6.482%
USD/INR 3170 59.865 63.035 5.295%
USD/HKD 29 7.7510 7.7539 0.037%
USD/CNY -183 6.2244 6.2061 -0.294%

Table 1.1 – Currency ranking according to performance

Rank Currency
1 CNY
2 USD (0%)
3 HKD
4 INR
5 SGD
6 KRW
7 CAD
8 GBP
9 NZD
10 ZAR
11 AUD
12 CHF
13 TRY
14 EUR
15 MXN
16 DKK
17 JPY
18 HUF
19 SEK
20 BRL
21 NOK
22 RUB

Table 2 – Relative strength of the euro

Pair Gain/Loss in Pips May 8th High Dec 31st Close % Change
EUR/NOK 8887 8.1669 9.0556 10.882%
EUR/SEK 3897 9.0429 9.4326 4.309%
EUR/JPY 245 142.36 144.81 1.721%
EUR/AUD 18 1.4796 1.4814 0.122%
EUR/CHF -180 1.2209 1.2029 -1.474%
EUR/TRY -481 2.8771 2.8290 -1.672%
EUR/NZD -540 1.6056 1.5516 -3.363%
EUR/GBP -481 0.8249 0.7768 -5.831%
EUR/CAD -1175 1.5234 1.4059 -7.713%
EUR/USD -1892 1.3993 1.2101 -13.521%

Table 2.1 – Currency ranking according to performance

Rank Currency
1 USD
2 CAD
3 GBP
4 NZD
5 TRY
6 CHF
7 EUR (0%)
8 AUD
9 JPY
10 SEK
11 NOK

Table 3 – Relative strength of the British pound

Pair Gain/Loss in Pips July 14th High Dec 31st Close % Change
GBP/NOK 9908 10.6681 11.6589 9.288%
GBP/JPY 1242 174.01 186.43 7.138%
GBP/AUD 730 1.8342 1.9072 3.980%
GBP/SEK 4467 11.6970 12.1437 3.819%
EUR/GBP (inverted) -171 0.7939 0.7768 2.154%
GBP/CHF 197 1.5289 1.5486 1.289%
GBP/CAD -372 1.8463 1.8091 -2.015%
GBP/USD -1568 1.7143 1.5575 -9.147%

Table 3.1 – Currency ranking according to performance

Rank Currency
1 USD
2 CAD
3 GBP (0%)
4 CHF
5 EUR
6 SEK
7 AUD
8 JPY
9 NOK

Table 4 – Currency Pairs Average Annual Volatility

Currency Pair Intraday Daily
EUR/USD 0.507% 0.466%
USD/JPY 0.629% 0.671%
GBP/USD 0.479% 0.461%
USD/CHF 0.583% 0.619%
USD/CAD 0.563% 0.591%
AUD/USD 0.762% 0.735%
NZD/USD 0.828% 0.812%