Just for comparison, the 'currency' with the highest growth in volatility in recent years goes to...xauusd Gold Monthly ATR (14) 1/1999 - $12.14 1/2000 - $18.22 1/01 - $ 15.93 1/02 - $15.76 1/03 - $19.88 1/04 - $25.29 1/05 - $26.82 1/06 - $31.33 Currently as at 31/10/06: $49.09 Also, nzdusd has been climbing steadily from 270 pips per month in 1/2000 to 350 pips at present.