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/EUR Down on Soft UK Inflation DataForeign Currency Market Update – GBP / EUR Update The Pound to Euro exchange rate tumbled to a monthly low last week as soft inflation data weighed on Bank of England rate hike expectations. Sterling struggled against the single currency last Monday, declining from 1.2730 to 1.2640, as investors prepared for September’s CPI report. ... Read more
GBP NZD Update: Exchange rate was sent down through the two to one thresholdForeign Currency Market Update – GBP / NZD Update A continued improvement in the relative performance of the Kiwi Dollar sent the GBP NZD exchange rate down through the two to one threshold for the first time in almost a month on Wednesday. The main drivers behind the move were Tuesday’s UK inflation data and Wednesday’s... Read more
Britain’s Twin Peaked Recovery Means Interest Rates Should Remain Low For LongerHeadlines UK ‘writhing in agony and ecstasy’– Says BoE Economist Andy Haldane. Eurozone GDP revised 3.5% higher – Euro insensitive to upgrade. GBP/USD flat on Friday – US consumer confidence hits 7-yr high. Canadian inflation cools slightly – Pound rallies by over half a cent. Sterling Bank of England rate hike bets took another turn for the worse on... 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;