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. The euro exchange rate is also analysed in our daily currency report and our currency exchange rate podcast.
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
The Pound touched a fresh 2-month low against the US DollarHeadlines • UK Retail Sales slide -1.4% in April - Public Borrowing still high. • BoE Minutes show 6-3 vote against further QE – IMF urge Britain to spend more to boost growth. • GBP/USD hits 7-week low - Bernanke says QE3 exit possible, but not just yet. • Canadian Retail Sales flat line – 0% change in March. Sterling It... Read more
The Pound took a bit of a battering yesterdayHeadlines • UK inflation at 7-month low - CPI falls to 2.4% in April. • Bundesbank predict solid German growth - Italian PM warns against EU implosion. • GBP/USD hits 7-week low – on BoE easing fears. • RBA remain cautious - RBA Minutes show nothing new. Sterling The Pound took a bit of a battering yesterday as the latest inflation... Read more
The Rand has come under sustained selling pressure over the past seven daysForeign Currency Market Update – GBP / ZAR Update The Rand has come under sustained selling pressure over the past seven days, sending the Pound to South African Rand exchange rate up to its highest level since March 2009 earlier today. The pair spiked to 14.5753 this morning, easily eclipsing its existing 50-month high of 14.4424... 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;