EFTA Document EFTA01449323

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30 July 2013 Exchange Rate Perspectives: FX and the Financial Transaction Tax Figure 12: EUR/USD is cheap vs. FEER FV 1.8 1.6 1.4 1.2 1.0 Os 0.6 MILL_ Rel a ti ve FEER Fair Value -Spot 80 82 84 86 88 90 92 94 96 98 00 02 04 06 08 10 12 Sows' 08 ?X Rasa. 'Figure 13: USD/JPY is very cheap vs. FEER FV 350.0 300.0 250.0 • 200.0 150.0 100.0 50.0 PY- Relative FEER Fair Value -Spot 80 82 84 86 88 90 92 94 96 98 0002 04 06 08 10 12 Sans O81X Resevell [-Figure 14: GBP/USD is ex

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Unknown

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Dept. of Justice

Reference

sd-10-EFTA01449323

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