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
NEWS FLASH – Inflation fall as IMF says more UK stimulus is needed
The Pound has been trading at the highest level against the Euro since November 2008 in recent weeks, while the UK currency also recorded 2012 highs versus the Australian and New Zealand Dollars, as well as the South African. Sterling / Euro and US Dollar exchange rates The Pound weakened against the Euro, dropping back to a... Read more
Pound to US Dollar Exchange Rate Forecast – Sterling took a pummelling from the US Dollar last week with GBP/USD opening this week’s trading at 1.5812
QE bets were given another boost this morning as the headline UK inflation figure fell from 3.5% to 3.0% in April which gives the BoE a little more room to work with in their quest to support the recessionary UK economy. Foreign Currency Market Update – GBP / USD Update Sterling took a pummelling from the US... Read more
Pound to Euro, US Dollar exchange rate: The Pound encountered strong resistance close to 1.5830 against the US Dollar
The Euro was unable to make any fresh challenge to the 1.28 region against the Dollar and drifted weaker through the day to test support below 1.2740. Sterling / Euro and US Dollar exchange rates The Pound encountered strong resistance close to 1.5830 against the U.S Dollar on Monday and drifted weaker through the course of the... 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;
