Canadian Dollar Volatility

Here's a few charts of Canadian dollar volatility (or perhaps more appropriately, U.S. dollar's volatility relative to the Canadian dollar). It shows the absolute change in rate from one trading day to the next divided by the average of the rates over the two days. The linear trend lines are shown in red.







This is one "Age of Turbulence" (Greenspan) that I could do without. Note that this does nothing to predict where the Canadian dollar is headed. Today's 1.46% volatility was actually a rebound (the US dollar actually grew stronger vs. the Canadian dollar).

See Also:
The Cost of the Canadian Dollar
Trend Line Disclaimer

Source Data:
FRB: Foreign Exchange Rates