I got a nice chart from Blackrock of GDP weighted currency volatility since 1995.
Interestingly shows that Forex volatility as an end of day measure is quite high (circa 10), the only two recent events that surpassed that is the Russian-Asia Crisis (17) and Lehman Brothers in 2008 (12.5).
Moreover if the volatility is taken during the day (not as end of day) the volatility is the same of Lehman.
The normal volatility range is between 2 and 5 since 1996.
All this while the volatility in the share and bond market is very low.
Since the currency market is the only market he the various Reserve Banks cannot manipulate this chart make it clear how manipulated is the market – and who the puppeteers are.
By default, it tells you that the reality is quite different.
investorpolitico 