Get started with SVB

Are you an innovation company or investor seeking banking services to help you move bold ideas forward, fast?

Let's get started

Existing SVB clients

Get quick answers from our support page.

For help with commercial cards
1.866.553.3481
cardservices@svb.com

For other questions contact Client Service:

1.800.774.7390
clientservice@svb.com

Find a location

Technical or site issue?

FX volatility skyrockets towards 2008 highs

Volatility in the FX markets has significantly increased over the last week with one-week vol posting its widest one-day advance on record Monday. The one-week vol later hit fresh cycle highs on Thursday. This shift in volatility comes at a time when investors are seeking refuge from a potential global recession as the coronavirus spreads around the world.

“What would you do if you weren’t afraid?”
Sheryl Sandberg
  • FX Rates
    March 12, 2020

    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.


  • USD
    US dollar is higher for a third day as traders move to risk-off sentiment following President Trump’s speech where he announced travel restrictions from Europe to the US and details of a US stimulus program still being negotiated.
    GBP
    Sterling hit a new day-low at 1.2690 falling 1%. The currency falls to its lowest level since mid-October as investors anticipate details on the response of the corona virus from the UK.
    EUR
    EUR/USD is on track for a third day of losses and is trading lower than Monday’s one-year high. The rally earlier since Mid-February was somewhat attributed to the narrowing rate differential between the US and the eurozone along with carry unwinds.
    CAD
    The Canadian dollar fell to a 4-year low as oil continues to weaken. USD/CAD traded above 1.38 to its highest level since February 2016.
    ASIA/PACIFIC
    The Australian dollar fell after news from the government of a AUD$17.6 billion fiscal stimulus plan fell short of expectations.

    The Japanese yen trimmed gains after Bank of Japan Governor Haruhiko Kuroda pledged to provide sufficient liquidity. Haven assets initially strengthened on news that US measures to battle the corona virus outbreak were disappointing.
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/foreign-exchange

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 privacy@svb.com. You can withdraw your consent at any time.

Cate Camerota
WRITTEN BY
Cate Camerota

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 hits 1-week low following jobs data
 
Dollar mixed, equities to rise at open
 
Dollar slides a second day amid risk-on mood
 
Greenback comes off 1-week high
 
Dollar up despite weak jobs report
 
Dollar steady after massive job cuts
 
Now Let's Get Started
 

See how SVB makes next happen now for entrepreneurs like you.

Connect with Us