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
GBP NZD Market Update: Sterling to New Zealand Dollar exchange rate teeters marginally above its 6-month lowForeign Currency Market Update – GBP / NZD Update When Janet Yellen became the first female Chair of the US Federal Reserve earlier this year she came with a reputation for favouring ultra-loose monetary policy. This was driven by her status as one of the original architects of America’s highly controversial and potentially destabilising Quantitative Easing... Read more
Daily Insight: The Pound suffered at the hands of March’s Consumer Price Index reportHeadlines • UK CPI falls to 1.6% – real wages set to rise. • Unemployment could slide to 7.1% – possibility for Sterling strength. • Eurozone CPI on tap – 0.5% expected, below could damage Euro. • US inflation up to 1.5% – Fed regulation talk hurts Dollar. Sterling The Pound suffered at the hands of March’s Consumer Price Index report... Read more
Daily Insight: Sterling rallied by over half a cent against the EuroHeadlines • UK CPI on tap – 1.6% inflation expected in March. • Eurozone Industrial Production beats forecast – Euro down on dovish ECB. • US Retail Sales at 1.5-yr high – US CPI on tap. • NZ inflation to rise to 1.7% – could support ‘Kiwi’ Dollar. Sterling Later this morning the Office for National Statistics (ONS) is set to... 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;