EFTA01449279.pdf

28 February 2013 Exchange Rate Perspectives Deutsche Bank Figure 13: ANZ Commodity Price Index (Nominal) and Figure 14: Long-run Relationship-NZD/USD NZD/USD 0 86 260 0.2 0.80 0.0 0.75 200 0.70 -0.2 ens 000 160 -0.4 065 060 100 046 0.40 0.36 60 -1.0 88 88 90 92 94 96 93 00 02 04 08 06 10 12 68 90 92 94 96 98 00 02 04 06 06 10 12 Doo100.6Aw HAM Seine Notre. Bet Ha". Figure 15: BoC Commodity Price Index (Nominal) and Figure 16: Long-run Relationship-CAD/USD CAD/USD 1 10 010 0.20 CAD LOKI flue Ile•a*Any —CAD It - 000 1 00 000 RAC Corrine oty Pilot INICX 700 000 -0 10 ▪ ato 000 000 SCO t 400 430 ▪ 0.00 070 ft lk o j 303 Long- tun olestleltlec 0 00 200 Commcddy Vice 0 13 80 88 90 92 04 98 80 00 02 04 08 00 10 12 ,060 GDP 1 32 410 Elf 90 92 94 96 98 00 02 04 06 08 10 12 Figure 17: BoC Non-Energy Commodity Price Index Figure 18: BoC Energy Commodity Price Index (Nominal) and CAD/USD (Nominal) and CAD/USD 1 Oh 0 h. 800 C.A1). h. 1.00 04C 1100-E84417, Convnodity Pace Index 100 tioC roomy Commodity Pm* index 600 2100 oas 095 0.90 0.90 400 1830 ass 0.85 0.80 0.80 300 1100 0.76 0.75 0.70 0.70 200 006 066 0.60 100 060 103 86 88 90 92 94 98 96 00 02 04 05 08 10 12 86 68 90 92 94 96 98 00 02 04 06 08 10 12 SOVV) COVISCP4 gieA. SiNt. Sawa Deudow Sem irve- Page 30 Deutsche Bank AG/London CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0104618 CONFIDENTIAL SDNY_GM_00250802 EFTA01449279