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
The GBP CAD exchange rate had been loitering at its lowest levelForeign Currency Market Update – GBP / CAD Update The past three weeks have seen the Canadian Dollar give up over 3.5% of its value against the Pound as concerns grew over the state of Canada’s real economy. The GBP CAD exchange rate had been loitering at its lowest level since the first week of the... Read more
Daily Insight: Q2 British GDP Upgraded to 0.9%Headlines Q2 growth revised up to 0.9% – Historic GDP revisions signal softer recession in 2008/09. Eurozone inflation slows to 5-yr low – GBP/EUR approaches 6-yr high. GBP/USD hits 2-week low – QE3 winding down supports rate hike speculation. Canadian economy stagnates in July – GDP prints at 0% compared to forecasts of 0.3%. Sterling Yesterday morning the Office... Read more
Sterling struck its highest level against the Australian Dollar since MarchForeign Currency Market Update – GBP / AUD Update Sterling struck its highest level against the Australian Dollar since March during yesterday’s session as investors continued to shift out of risk-laden assets including the Aussie. The gloomy mood amongst market participants began during the early part of last week following heavy losses for one of 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;