F31 - Foreign Exchange

• The Share of Systematic Variations in the Canadian Dollar—Part I

  Staff Analytical Note 2016-15 Jean-Sébastien Fontaine, Guillaume Nolin

  In this analytical note we show that the share of the systematic variations in the Canadian dollar has risen significantly in the past two decades. Systematic variations in the exchange rate are shared with other currencies. This parallels the equity market, where variations in the price of a given stock are shared with variations in the prices of other stocks.

  Content Type(s): Staff research, Staff analytical notes Topic(s): Exchange rates JEL Code(s): F, F3, F31