Exchange Rate ForecastsThe 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.
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.
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
‘Black Friday’ Boosts UK Retail Sales, Sends Sterling HigherHeadlines British retail sales hit 10-yr high – 6.9% annual score beats estimates of 4.5%. GBP/EUR rallies 1.5 cents – SNB decision could presage ECB QE in Jan. Sterling up a cent vs. US Dollar – US services slow in December. Canadian CPI report on tap – Inflation expected to print at 2.2%. Sterling The Pound rallied against some of... Read more
Sterling spiked to its highest level against the South African Rand since the start of SummerForeign Currency Market Update – GBP / ZAR Update Sterling spiked to its highest level against the South African Rand since the start of Summer during early trading this week. The move up to 18.5660 on the GBP ZAR wholesale market was driven by a sharp weakening in sentiment towards the Rand as investors abandoned risk-laden... Read more
British Wage Growth Overtakes CPI InflationHeadlines UK wages overtake inflation – 1.4% rise boosts demand for Pound. BoE minutes reveal 7-2 dovish vote – British unemployment remains at 6-yr low of 6%. ECB policymakers talk of January QE – No majority in initial Greek parliamentary election. Fed removes ‘considerable amount of time’ phrase – But downgrades 2015 interest rate forecast. Sterling The Pound ticked... Read more
Currency 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;