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: Disappointing Retail Sales Send Sterling Lower Vs. MajorsHeadlines UK retail sales disappoint – 0.1% monthly improvement compared to 0.4% expected. GBP/EUR close to 1.25 – Eurozone manufacturing PMI slows. US jobless claims drop below 300K – US manufacturing PMI strikes 4-yr high. Canadian CPI on tap – Inflation set to print at 2.2%. Sterling The Pound suffered another day of soft demand yesterday as British retail... Read more
GBP ZAR Market Update: Pound steadily improved against the RandForeign Currency Market Update – GBP / ZAR Update The South African Rand shipped support during the final stretch of yesterday’s North American equities session following the publication of the minutes of July’s US Federal Reserve policy meeting. The Rand has endured a poor three years against all of the other majors, but analysts agree that... Read more
Daily Insight: BoE Minutes Reveal That Two Policymaker Voted for August Rate HikeHeadlines BoE minutes reveal 7-2 split – Sterling rises as rate hike bets increase, again. GBP/EUR back above 1.25 – Eurozone construction slides -0.7%. FOMC minutes reveal desire to raise rates – ‘Greenback’ strengthens. GBP/USD remains close to 1.66 – Fed sees upbeat climate for labour market. Sterling Demand for the Pound increased yesterday in reaction to August’s Bank... 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;