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. The euro exchange rate is also analysed in our daily currency report and our currency exchange rate podcast.
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
The South African Rand slumped to its lowest level against Sterling for several yearsForeign Currency Market Update – GBP / ZAR Update The South African Rand slumped to its lowest level against Sterling for several years eight days ago as investors continued to fret about holding Rand-denominated assets thanks to domestic labour market unrest. The move up to 16.1169 bore the hallmarks of a classic ‘whipsaw’ and GBP ZAR... Read more
The Pound found it hard to sustain itself against its major currency rivalsHeadlines • UK CPI inflation rises to 2.7% in May – air fares up 22%. • German ZEW rises to 38.5 – revival forecast for 2nd half of 2013. • US CPI up slightly – GBP/USD declines -0.8 cents. • Dovish RBA weakens AUD – exchange rate to decline further this year. Sterling Despite a higher UK inflation print reducing the... Read more
The Pound to Euro exchange rate declined gentlyHeadlines • UK House Prices up 2.7% – Right to Buy boosts housing market. • Eurozone exports increase – German wages grow. • GBP/USD holds strong – US Housing market improves. • To taper or not to taper - commodity currencies capped vs. Sterling. Sterling The latest UK housing market data from Rightmove showed that the average house price in the... 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;