Exchange Rate Forecasts
The TorFX blog provides analysis the currency exchange rates on a daily basis to help keep our avid blog readers up to date with the latest currency news. By keeping our readers updated, we can enable them to take full advantage of the current exchange rate trends, helping them to achieve the best currency exchange rates when they decide to trade their chosen currency.
Euro Exchange Rate
One of the most popular categories in the TorFX exchange rate blog is the euro exchange rate forecasts. We supply a weekly currency report which includes a currency conversion chart, this currency report highlights the main technical analysis of trends in the market and includes suggestions to help reduce risk and maximise opportunity to those hoping to make a currency trade. The euro exchange rate is also analysed in our daily currency report and our currency exchange rate podcast.
Exchange Rates
A market based currency exchange rate is determined by the values of its two component currencies, for example the GBP/US Dollar exchange rate is determined by the value of GBP (Sterling) and the value of the US Dollar. These two values are constantly changing which means that the GBP/US Dollar exchange rate is also constantly fluctuating. Here at TorFX we analyse these fluctuations on a daily basis, we also look out for data due to be released which may cause significant changes to the currency exchange rates.
Most Recent Posts
Pound to Euro, US Dollar exchange rate: Sterling is currently holding above 1.2500 on interbank against the Euro
The US Dollar and Japanese Yen pushed significantly higher overnight as equity markets witnessed a major sell off, boosting demand for the go-to safe haven currencies. Sterling / Euro and US Dollar exchange rates Sterling is currently holding above 1.2500 on interbank against the Euro, however has deteriorated rapidly against the US Dollar during trading this morning,... Read more
Pound to US Dollar Exchange Rate Forecast – The Pound to US Dollar exchange rate fell this morning as the ongoing sovereign debt crisis in Europe weakened UK Trade Balance figures
On a technical level Sterling/US Dollar seems to be heading back below 1.6000 which could pave the way to a possible bearish move towards 1.5800. Foreign Currency Market Update – GBP / USD Update The Pound to US Dollar exchange rate fell this morning as the ongoing sovereign debt crisis in Europe weakened UK Trade Balance figures.... Read more
NEWS FLASH: The Pound weakened from the highest level since November 2008 against the Euro
The Euro also rebounded from a four month low against the Dollar following the growth figures. Sterling / Euro and US Dollar exchange rates The Pound weakened from the highest level since November 2008 against the Euro this morning, while the single currency also made fleeting gains versus a number of currencies, after data showed that economic... Read moreCurrency Conversion Chart
A great way to keep track of fluctuations in the exchange rates market is by using a Currency Conversion Chart. With our currency updates we supply conversion price charts which show current and historical rates. Along with these charts we analyse and explain what caused the market changes.
Here is an example of a typical currency conversion chart for GBP/EUR;
