Skip to Content
SVB
Silicon Valley Bank
SVB Private
SVB Securities
SVB Capital
Region:
  For a better web experience - please upgrade your browser to Google Chrome  
 
Silicon Valley Bank
Products & Services
Business Banking

Complete your banking transactions with ease and security.

  • Business Checking
  • Business Credit Cards
  • Online Tools & Integration
  • Fraud Prevention
  • Lending
Global Business Solutions

Get customized services to help support your global business.

  • Global Banking Services
  • Global Payments
  • Foreign Exchange Risk Services
Liquidity Solutions

Strategize with our financial experts to help you achieve your business goals.

  • SVB Asset Management
  • Deposits & Investments
Global Fund Banking
Leverage SVB's 30+ years experience in banking top funds.
  • PE Fund Banking
  • VC Fund Banking
Our Expertise
Our Business Expertise
  • Business Stages
  • Startup Banking
  • Venture-Funded
  • Corporate Banking
  • Investors
  • Private Equity
  • Venture Capital
  • Emerging Managers
  • Corporate Venture
Industry Expertise

Our bankers have years of real-world experience to provide guidance across a number of industries.

View All Industries
  • Our Sector Knowledge
  • Cleantech and Sustainability
  • Consumer Internet
  • Enterprise Software
  • Fintech
  • Hardware & Frontier Tech
  • Investors
  • Life Science & Healthcare
  • Premium Wine Banking
Trends & Insights
Trends & Insights

SVB research, blogs and webinars to give your business crucial advantages in decision-making.

Reports Global Fund Banking Outlook Report Healthcare Investments and Exits State of the Markets Report State of the Wine Industry Report Family Office Report Venture Monitor Report View All Reports
Perspectives and Insights Foreign Exchange Advisory Business Growth Market Insights Industry Insights Private Bank Startup Insights View All Insights
SVB Webinars

Register for upcoming live webinars and access recorded webinars to learn about the latest trends for your business and industry.

View Webinars
About Us
SVB Facts

For over 35 years, SVB has helped businesses grow and thrive across the innovation economy

Living Our Values

SVB's values guide our actions, from our approach to supporting small businesses to community engagement to our ESG reporting.

Contact Us

Let SVB experts help your business with the right mix of products, services and strategic advice.

Resources
  • Locations
  • Leadership
  • Newsroom
  • Investor Relations
  • Client Support
  • Careers
  • Success Stories
  • Access to Innovation
Investor News: SVB Financial Group Announces 2022 First Quarter Financial Results Learn more  
PPP
Become a client
Login
SELECT A SERVICE FOR LOGIN
SVB Online Services
SVB Online Services Private Bank Private Banking – Legacy SVB Private Banking – Legacy Boston Private Investments SVB Capital Limited Partners SVB Asset Management Reporting U.S. Bank Pivot Credit Cards Cardholders Administrators Private Bank Elite Card
  • Need help? Client Support
  • Not a client? Apply Now
Search SVB
Products & Services Our Expertise Trends & Insights About Us PPP
Become a client
Login
Products & Services
Business Banking
Business Checking Business Credit Cards Online Tools & Integration Fraud Prevention Lending
Global Business Solutions
Global Banking Services Global Payments Foreign Exchange Risk Services
Liquidity Solutions
SVB Asset Management Deposits & Investments
Global Fund Banking
PE Fund Banking VC Fund Banking
Our Expertise
Our Business Expertise
Business Stages Startup Banking Venture-Funded Corporate Banking Investors Private Equity Venture Capital Emerging Managers Corporate Venture
Industry Expertise
Cleantech and Sustainability Consumer Internet Enterprise Software Fintech Hardware & Frontier Tech Investors Life Science & Healthcare Premium Wine Banking
Trends & Insights
Reports
Global Fund Banking Outlook Report Healthcare Investments and Exits State of the Markets Report State of the Wine Industry Report Family Office Report Venture Monitor Report View All Reports
Perspectives and Insights
Foreign Exchange Advisory Business Growth Market Insights Industry Insights Private Bank Startup Insights View All Insights
SVB Webinars

Register for upcoming live webinars and access recorded webinars to learn about the latest trends for your business and industry.

View Webinars
About Us
SVB Facts
Living Our Values
Contact Us
Resources
Locations Leadership Newsroom Investor Relations Client Support Careers Success Stories Access to Innovation
Select a Service for Login
SVB Online Services Private Bank Private Banking – Legacy SVB Private Banking – Legacy Boston Private Investments SVB Capital Limited Partners SVB Asset Management Reporting U.S. Bank Pivot Credit Cards Cardholders Administrators Private Bank Elite Card
Close
  • Select a Region
    • North America
      • US Main
        Canada (EN)
        Canada (FR)
    • Europe and Middle East
      • Israel (EN)
        United Kingdom
        Denmark
        Germany (DE)
        Germany (EN)
    • Asia
      • China (中文)
        China (EN)
Find anything about our product, search our documentation, and more. Enter a query in the search input above, and results will be displayed as you type.
Searching... Loading content
    Searching... Loading content
    People
    Article Image
    Publisher Logo
    • Daily FX Update

    Daily FX Update: dollar stronger but ends week in the red

    • March 18, 2022

    The lack of progress in the Russia-Ukraine negotiations has muted any recent hopes for peace and investor sentiment has shifted away from perceived risker assets. The greenback has started the trading day on a stronger note with the dollar hitting a new five-year high vs the yen. The loonie strengthened against the dollar again today, for its longest advancement streak since last October.

    “Luck is where opportunity meets preparation."
    Denzel Washington
    • FX Rates
      March 18, 2022

      Rates are not real time. Rates are today's indicative mid-market rates as of time of publishing, which may vary. Please contact SVB for a current quote.

      EUR/USD1.1006
      GBP/USD1.3113
      USD/CAD1.263
      AUD/USD0.7368
      USD/JPY119.36
      USD/CNH6.3758
      USD/ILS3.2509
      USD/MXN20.4986
      USD/CHF0.9367
      USD/INR75.8050
      USD/BRL5.0704
      USD/SGD1.3582
      USD/DKK6.7618
      USD/SEK9.4778
      USD/NOK8.7979

    • USD

      The greenback is ending the week on a stronger note but is still down on the week. The USD is rallying Friday against most of the G10 currencies except the Swiss franc and loonie. The Bloomberg dollar index and the DXY are up on the day 0.3% and 0.39% respectively. President Biden is set to meet with Chinese President Xi today to discuss the Ukrainian conflict.

      GBP

      Sterling has stabilized after yesterday’s news that the BOE increased rates 25 basis points. After the initial announcement, rates sharply declined over 0.90%. Since the initial fall, sterling rebounded to trade around $1.31. GBP is falling against its rivals today as global risk appetite retreats.

      EUR

      European stocks were down this morning with Eurostoxx down 0.85% on the day. EUR/USD drops 0.77% to 1.1010 amid falling European yields and the ongoing developments in Ukraine.

      CAD
      The loonie advanced for the fourth day in a row against the greenback as oil prices remain about $100 a barrel. Canadian retails sales jumped 3.2% last month, which was stronger than expectations. Initial expectations were for 2.4% growth and since the announcement the loonie has continued to strengthen.
      ASIA/PACIFIC

      The BOJ left Japanese rates unchanged and announced that monetary stimulus must continue. BOJ Governor Kuroda said yesterday, “We are not in a position at the moment where inflation is going to reach 2% in a stable manner,” and as such they will continue with stimulus plans. The US dollar climbed 0.71% to 119.30, hitting a multiyear high this morning.

    Contact Us

    For more analysis on FX markets or information regarding SVB's FX services:

    Contact your respective SVB FX Advisor or the SVB FX Advisory Team at fxadvisors@svb.com.
    See all of SVB's latest FX information and commentary at www.svb.com/trends-insights/foreign-exchange-advisory

    Subscribe to receive the Daily FX Update in your inbox.

    By providing your email address and clicking on the Subscribe button below, you consent to receive emails from Silicon Valley Bank for your chosen categories. You also consent to the terms of our Privacy Notice. If you have privacy questions, you may contact us at PrivacyOffice@svb.com. You can withdraw your consent at any time.

    Thank you for subscribing to SVB's Daily FX Update.

    You're almost done. Please check your email box and follow the instructions to confirm your subscription. If you did not receive an email please check your Spam or Bulk E-Mail folder just in case the confirmation email got delivered there instead of your inbox. If so, select the confirmation message and mark it Not Spam, which should allow future messages to get through. Please add us to your trusted list of senders, contacts or address book.

    Please note that we will continue to send you communications that we need to send you (for example, to keep you updated on operational changes to your account, a product or a service) or that we are required to send you by law.

     Source: Bloomberg
     

    This article is intended for U.S. audiences only.

    ©2022 SVB Financial Group. All rights reserved. Silicon Valley Bank is a member of the FDIC and the Federal Reserve System. Silicon Valley Bank is the California bank subsidiary of SVB Financial Group (Nasdaq: SIVB). SVB, SVB FINANCIAL GROUP, SILICON VALLEY BANK, MAKE NEXT HAPPEN NOW and the chevron device are trademarks of SVB Financial Group, used under license.

    The views expressed in this email are solely those of the author and do not reflect the views of SVB Financial Group, or Silicon Valley Bank, or any of its affiliates. This material, including without limitation the statistical information herein, is provided for informational purposes only. The material is based in part upon information from third-party sources that we believe to be reliable, but which has not been independently verified by us and, as such, we do not represent that the information is accurate or complete. The information should not be viewed as tax, investment, legal or other advice nor is it to be relied on in making an investment or other decisions. You should obtain relevant and specific professional advice before making any investment decision. Nothing relating to the material should be construed as a solicitation or offer, or recommendation, to acquire or dispose of any investment or to engage in any other transaction.

    Foreign exchange transactions can be highly risky, and losses may occur in short periods of time if there is an adverse movement of exchange rates. Exchange rates can be highly volatile and are impacted by numerous economic, political and social factors, as well as supply and demand and governmental intervention, control and adjustments. Investments in financial instruments carry significant risk, including the possible loss of the principal amount invested. Before entering any foreign exchange transaction, you should obtain advice from your own tax, financial, legal, accounting and other advisors, and only make investment decisions on the basis of your own objectives, experience and resources.

    Insights from SVB Industry Experts

     
    SVB experts provide our customers with industry insights, proprietary research and insightful content. Check out these related articles that may be of interest to you.

    Dollar weaker versus euro as ECB seen raising rates

     
    Peter Compton
    Read more

    Dollar moves higher along with risk sentiment

     
    Kathryn Garvey
    Read more

    Risk on sentiment returns, USD and Japanese yen rally

     
    Derek Osbahr
    Read more

    US CPI higher than expected, dollar trades lower

     
    Derek Osbahr
    Read more

    Global growth concerns continue

     
    Derek Osbahr
    Read more

    Global growth concerns rise, greenback rallies

     
    Derek Osbahr
    Read more

    Subscribe

    Stay up to date on SVB

    Sign up now

    CONNECT WITH US

    Region:
    How We Help Clients
    • Starting Up
    • Venture-Funded
    • Corporate Banking
    • Investors
    • Private Banking & Wealth Advisory
    • Industries We Serve
    Trends & Insights
    • SVB Signature Research
    • SVB Perspectives
    • Success Stories
    • Startup Insights
    About Us
    • Careers
    • Living Our Values
    • Newsroom
    • Investor Relations
    • Leadership
    Contact & Support
    • Locations
    • Client Service & Support
    • Vendor Information
    • Contact
    • Fraud Prevention
    FDIC Logo
    © 2022 SVB Financial Group. All rights reserved. Silicon Valley Bank is a member of the FDIC and the Federal Reserve System. Silicon Valley Bank is the California bank subsidiary of SVB Financial Group (Nasdaq: SIVB). SVB, SVB FINANCIAL GROUP, SILICON VALLEY BANK, and the chevron device are trademarks of SVB Financial Group, used under license.
    Terms of Use • Privacy • Cookies • Help for Homeowners • Corporate Governance • Equal Credit Opportunity Act Disclosures • FDIC • Manage Email Preferences • LIBOR Transition
    You are now leaving Silicon Valley Bank (SVB)
    You will be directed to a different website or mobile app that has its own terms of use, visitor agreement, security and privacy policies. SVB is not responsible for (and does not provide) any products, services or content at the third party site or app, except for products and services that carry the SVB name.
    I understand, let's proceed Stay on SVB.com