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sd-10-EFTA01458620Dept. of Justice

EFTA Document EFTA01458620

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26 September 2015 FX Forecasts and Valuations: Don't throw in the towel [Figure 10: USDiN0K is expensive vs. BEER AI 1" NOK 8.0 ••I 6.0 4.0 BEE Fair Valug Spot Figure 11: USDISEK is very expensive vs. BEER FV 12.0 9.0 6.0 SEK -BEER Fair Value -Spot 2.0 3.0 80 83 86 89 92 95 98 01 04 07 10 13 15 80 83 86 89 92 95 98 01 04 07 10 13 15 as FX Marro, 'Figure 12: EURiUSD is close to. FEER FV 1.8 1 EUR • iiiiumRelative FEER Fair Value 1.6 • 300.0 1.4 250.0 1.2 200.0 1.0 1

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Dept. of Justice
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sd-10-EFTA01458620
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