This article aims to provide price forecasts for currency exchange rates for June 01, 2016. 13 major currency pairs have been selected for forecasting. The table below shows the monthly currency exchange rates over the period from January 2016 to May 2016 (commodity exchanges data) and forecasted period - June 2016 (author’s calculations).
Forecasted values: increase in green; decrease in red. Forecasts are projected with an Autoregressive Integrated Moving Average (ARIMA) model based on monthly historical data. It is advised to use forecasted values for identifying the short-term trends over the period firstly.
The notable increases are expected for USD/JPY (2.44%), GBP/JPY (2.07%), USD/CAD (1.92%) while significant decreases will unlikely happen by June 1, 2016. One can find that Japanese yen would become weaker to other currencies while an opposite situation is possible for US dollar and Swiss franc by the end of the month.