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 CAD Market Update: Support for the troubled Canadian Dollar has waned over the past weekForeign Currency Market Update – GBP / CAD Update Support for the troubled Canadian Dollar has waned over the past seven days, sending the GBP CAD exchange rate to a fresh one-month high of 1.8573 during late trading yesterday. Last Wednesday’s Bank of Canada policy decision saw the North American central bank maintain its key lending... Read more
Daily Insight: Sterling sentiment strong as GBP/EUR hits monthly highHeadlines • Corporate deals boost Pound – BoE Minutes on tap. • GBP/EUR at monthly high – Sterling sentiment strong. • Cable close to 4-yr high – US Fed index rebounds to +7. • RNBZ rate hike expected – 25bps rise to 3%. Sterling A flurry of pharmaceutical mergers and acquisitions buoyed markets yesterday and helped the Pound remain strong as... Read more
GBP AUD Market Update: The Australian Dollar’s mini-recovery against Sterling stalledForeign Currency Market Update – GBP / AUD Update The Australian Dollar’s mini-recovery against Sterling, which began during the first week of March, stalled during last week’s session. Heightened tensions in the Eastern part of Ukrainian, where tanks rolled onto the streets in an attempt to subdue political agitators which the Kiev administration claims are backed... 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;