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
Daily Insight: Strong Pound Holds Back UK Manufacturing SectorHeadlines UK manufacturing report rises slightly – Strong Pound still weighs on manufacturing output. Greek stock markets reopen – Suffer huge losses. GBP/USD down -30pips – US manufacturing output decelerates. GBP/CAD hits new to 6.5-yr high – Crude oil dips below $50 a barrel. Sterling The latest UK manufacturing report showed that activity within the... Read more
Euro to South African Rand Exchange Rate Rises after Mixed Week for Both CurrenciesThe past week has seen the Euro to South African Rand (EUR/ZAR) exchange rate climb from a low of 13.9311 to a high of 14.0155, although the currency has continued to fluctuate wildly in response to the ongoing negotiations in Greece. Last week, the common currency experienced extreme instability in response to encouraging news and equally... Read more
GBP USD: BoE Inflation and US NFP to Dictate GBP/USD This WeekForeign Currency Market Update – GBP / USD Update Sterling rose by around half a cent against the US Dollar last week as second quarter UK economic growth outpaced the US and American wages slowed to a record low. GBP/USD jumped from 1.5525 to 1.5560 last Monday even though a US durable goods orders... 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;