EUR/USD in 2015
EUR/USD opened 2015 at $1.2 and closed at $1.09, a -9.62% move for the year. The high of $1.2 was reached on January 2, and the low of $1.05 on March 13.
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | $1.2 | $1.13 | $1.2 | $1.13 | -6.03% |
| Feb | $1.13 | $1.12 | $1.15 | $1.12 | -1.23% |
| Mar | $1.12 | $1.07 | $1.12 | $1.05 | -4.01% |
| Apr | $1.08 | $1.12 | $1.12 | $1.06 | +3.66% |
| May | $1.12 | $1.1 | $1.14 | $1.09 | -1.79% |
| Jun | $1.09 | $1.12 | $1.14 | $1.09 | +2.21% |
| Jul | $1.11 | $1.1 | $1.12 | $1.08 | -0.51% |
| Aug | $1.1 | $1.12 | $1.16 | $1.09 | +2.12% |
| Sep | $1.13 | $1.12 | $1.14 | $1.11 | -0.90% |
| Oct | $1.12 | $1.1 | $1.14 | $1.1 | -1.41% |
| Nov | $1.1 | $1.06 | $1.1 | $1.06 | -4.21% |
| Dec | $1.06 | $1.09 | $1.1 | $1.06 | +2.25% |
Events During 2015
The PBoC devalued the yuan by 1.9% in a single day on August 11, 2015, the first meaningful devaluation since 1994. Global risk assets convulsed.
Brent crude fell from $115 in June 2014 to $27 in January 2016, a 77% collapse. Shale oversupply and OPEC's refusal to cut production broke the commodity supercycle that had dominated markets since 2003.
The Swiss National Bank abandoned its 1.20 EUR/CHF floor on January 15, 2015. The franc immediately surged 30%, blowing up retail FX brokers and exposing the fragility of exchange rate commitments.
Related Metrics
Get historical context as markets unfold, regime classification, scenario triggers, and analysis in your inbox.