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 ZAR Market Update: Pound to South African Rand exchange rate has fallenForeign Currency Market Update – GBP / ZAR Update The Pound South African Rand exchange rate has slumped from a trading rate of above the 18.4000 threshold seven days ago to touch 17.7995 earlier today. The South African unit was flailing during the middle part of last week as investors continued to fret over ongoing tensions in... Read more
Daily Insight: RBNZ Signals End to Rate Hike CycleHeadlines BoE minutes hurt Sterling – MPC voted 9-0 against rate hike. GBP/EUR hits fresh 23-month high – Sterling falls following minutes report. Carney says rates ‘will’ rise – Hike speculation could surge in coming weeks. GBP/USD hits monthly low – UK retail sales on tap. Sterling To hike, or not to hike… that was... Read more
Daily Insight: GBP/EUR Up Ahead of BoE MinutesHeadlines CBI factory orders set for strong growth in Q3 – UK government borrowing jumps in June. GBP/EUR up ahead of BoE minutes – Sterling could rally if rate vote not unanimous. US CPI hits 2.1% – But 1.9% core inflation seen as neutral for Fed hike bets. RBNZ rate decision on tap – 25bps rise to 3.5%... 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;