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: UK Q3 GDP Data Due This MorningHeadlines Dry September impacts retail spending – Sterling weakens vs. majors. Eurozone PMIs impress – Euro strengthens vs. Pound. GBP/USD down on sturdy US labour figs – UK Q3 GDP on tap. Soft inflation weighs on ‘Kiwi’ – GBP/NZD hits 10-day high. Sterling Sterling suffered a series of depreciations versus the majors yesterday morning in reaction to news that... Read more
Daily Insight: Cautious BoE Minutes Weigh on SterlingHeadlines BoE minutes signal low rates for longer – Sterling weakens vs. majors. Eurozone banks could fail ECT stress test – Softens demand for Euro. GBP/USD down on steady US inflation – CPI beats market forecast. BoC drops ‘neutral’ from policy statement – CAD rallies 1.5 cents. Sterling The Pound had its laces tied together by the Bank of... Read more
GBP ZAR Update: Support for Rand increased following Chinese Gross Domestic Product dataForeign Currency Market Update – GBP / ZAR Update A raft of global risk events and geo-political tensions have had a marked effect on the relative value of shares and the high-yielding South African Rand during the past two weeks. Concerns that the deadly Ebola virus might be about to spread to Western nations helped send... 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;