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 exchange rate has seen wild fluctuations since the latter part of last weekForeign Currency Market Update – GBP / NZD Update Constitutional issues on either side of the planet have caused wild fluctuations for the Sterling New Zealand Dollar exchange rate since the latter part of last week. The pair had languished in the low 1.9800s as recently as last Tuesday as investors shifted out of Sterling-denominated assets... Read more
Daily Insight: Profit-Taking Hits PoundHeadlines Sterling rallies in knee-jerk response to Scottish vote – Profit-taking drives GBP back down. Pound hits 2-year high vs. Euro – ECB stimulus weighs. Hawkish Fed outlook boosts US Dollar – Fed set to follow BoE in 2015. Canadian CPI prints at 2.1% – GBP/CAD declines by 1 cent. Sterling The Scottish referendum result sent the Pound surging... Read more
Sterling rallies as Scotland says ‘No’ to IndependenceHeadlines Scotland says no – Voters opt to remain part of UK. Sterling surges across the board – Relief rallies. GBP/EUR hits 2-yr high – ECB stimulus flops. Pound up 2 cents versus US Dollar – US labour market excites. Sterling Scotland says no. After months of speculation and two weeks of panic it emerged earlier this morning that... 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;