What is driving the Loonie?
Exporters perspective
Over the last couple of years the Canadian dollar is rang bound between 1.3743 and 1.2128. The standard deviation is 3.28%.
Return and volatility analysis
The daily prices and volatility of the returns are graphed in figure 2.
| Mean Daily Return ui (ū) | 0.00% |
| ∑(ui-ū)^2 | 0.99% |
| Daily Volatility (s) | 0.36% |
| Annual Volalitity (σ) | 1.26% |
| Std Error (σ/(2N^1/2)) | 0.25% |
| std dev FX | 3.28% |
