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: GBP CAD exchange rate sent upwards at the end of last weekForeign Currency Market Update – GBP / CAD Update Geo-political risk events weighed heavily on the Canadian Dollar during the final stretch of last week’s session, sending the GBP CAD exchange rate upwards from Thursday’s low of 1.8215 to close to the 1.8400 threshold just before the weekend market shutdown. Investors’ concerns regarding the apparently intractable... Read more
GBP EUR Market Updates: Exchange Rate Holding below 1.27 before CPIForeign Currency Market Update – GBP / EUR Update Last week the Pound to Euro exchange rate drifted below 1.27 in response to dampened Bank of England (BoE) rate hike bets. In the wake of the publication of minutes from the latest BoE meeting, Sterling lost ground against rivals like the US Dollar and Euro. The... Read more
GBP USD Market Update: Exchange Rate Forecast to Slide if US Economy ReboundsForeign Currency Market Update – GBP / USD Update Last week the Pound Sterling to US Dollar (GBP/USD) exchange rate fell to a one-month low as US economic reports outperformed those published in the UK. The GBP/USD pairing eased below technical resistance of 1.70 and held declines as the Bank of England meeting minutes disappointed investors’... 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;