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: Pound Could Strengthen if Eurozone Inflation DisappointsHeadlines CBI retail sales boost Pound – Optimism highest since 2002. GBP/EUR hits 2-week high – Ukrainian crisis escalates. US Q2 GDP upgraded to 4.2% – Disposable incomes rise, boding well for future growth. Eurozone CPI inflation on tap – 4.5-year low of 0.3% anticipated. Sterling Demand for the Pound was underpinned by robust retail sales figures yesterday. Although... Read more
GBP ZAR Market Update: GBP/ZAR exchange rate slumped to its lowest level for over a weekForeign Currency Market Update – GBP / ZAR Update The Pound Sterling Rand exchange rate slumped to its lowest level for over a week during yesterday afternoon’s session following the publication of an encouraging set of second quarter Gross Domestic Product figures in South Africa. The official figures, released late on Tuesday, showed that the export-driven... Read more
Daily Insight: Sterling hit a fortnightly high versus the Euro yesterdayHeadlines Quiet week of British data – Sterling fluctuates mildly. GBP/EUR hits 2-week high – German consumer confidence fades. US Q2 GDP expected at 3.9% – Slight downgrade to second estimate. Canadian doughnut deal boosts ‘Loonie’ – Could bring C$12bn into Canadian economy. Sterling Without any fresh British economic indicators the Pound has fluctuated slightly versus the majors this... 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;