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: US Dollar Benefits from Sturdy Third Quarter GDPHeadlines No fresh domestic data in the UK – Pound moved by external factors. German inflation disappoints – Sterling up vs. Euro. US Dollar holds gains vs. Pound – US Q3 GDP impresses at 3.5%. Risk aversion abates – Profit-taking drives commodity currencies higher. Sterling British economic data was thin on the ground yesterday and demand for the Pound... Read more
Support for the South African Rand wavered during the latter stages of Wednesday’s sessionForeign Currency Market Update – GBP / ZAR Update Support for the South African Rand wavered during the latter stages of Wednesday’s session as the US Federal Reserve confirmed that this month would see the end of its controversial Quantitative Easing programme. Risk-sensitive tenders like the Rand have benefitted from the US central bank’s ‘easy money’... Read more
Daily Insight: GBP/USD Tumbles on Fed Decision to End QE3Headlines UK mortgage approvals hit 14-month low – Cooling housing market dampens rate hike bets. German inflation on tap – CPI tipped to rise to 0.9%. GBP/USD declines -1.3 cents – Fed terminates QE3 asset purchases. RBNZ strikes cautious tone – Sterling rallies 2.5 cents vs. ‘Kiwi’. Sterling Bank of England rate hike bets took a turn for 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;