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: Sterling Surges on Strong Retail SalesHeadlines UK retail sales rise in April – Strong figure boosts Sterling. GBP/EUR hits 2-month high – German private sector slows. US manufacturing cools – ‘Cable’ rallies 120 pips. GBP/NZD hits 4-yr high – GBP/AUD close to 6-yr high. Sterling Sterling received a fillip yesterday when UK retail sales massively... Read more
Turkish Lira (TRY) Exchange Rate Forecast to Fluctuate ahead of June National ElectionDuring the build-up to the June Turkish general election, the Lira has been trending lower amid political uncertainty. Even a succession of relatively positive domestic data wasn’t enough to sustain a significant Turkish Lira appreciation. Over the past month, the Pound Sterling to Turkish Lira (GBP/TRY) exchange rate has been trending within the range of 3.9866... Read more
Daily Insight: BoE Minutes Point to Rate Hike in 12 MonthsHeadlines BoE minutes report lifts Sterling – Rates could rise in a year. Greek default looms large over Euro – GBP/EUR up a cent. Fed talks down June rate hike – ‘Cable’ rallies. GBP/NZD up 2 cents – Fears of RBNZ rate cut weigh. Sterling The Pound moved broadly higher against... 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;