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
Canadian Dollar Hit By OPEC DecisionHeadlines Dearth of data causes Sterling drop-off – Speculators see UK rate hike Q4 2015. Eurozone CPI on tap – German inflation hits 5-yr low. GBP/USD down slightly – US markets closed for Thanksgiving. Canadian Dollar weakens on OPEC decision – Crude oil production to remain at 30M barrels a day. Sterling With no fresh British data to... Read more
Pound Up As Negative Sentiment RecedesHeadlines UK Q3 GDP prints at 0.7% – Services revised up, production revised down. Analysts unimpressed by EC investment fund – German CPI inflation on tap. GBP/USD up a cent – US core durable goods disappoint. Pound ticks higher vs. ‘Aussie’ Dollar – Flat vs. ‘Kiwi’. Sterling The Pound rallied against most of the majors yesterday as investors breathed... Read more
GBP/ZAR Market Update: Pound to Rand Exchange Rate Breaks DownwardsForeign Currency Market Update – GBP / ZAR Update The final stretch of last week’s session saw the Pound South African Rand exchange rate break downwards to its lowest level this year. The move was largely driven by improved investor sentiment which favoured the risk-dependent Rand. Friday’s Asian session brought the surprise announcement from the People’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;