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: Sterling Drifts Slightly Higher Vs. Most MajorsHeadlines Glitch halts CHAPS housing transactions – BoE embarrassed, Sterling unblemished. ECB begins bond-buying scheme – Markets not interested. GBP/USD rises on Fed regulatory warning – Tarullo lambasts banking malpractice. Canadian inflation cools slightly – Pound rallies by over half a cent. Sterling With little else to write about yesterday financial journalists focussed on a technical issue at the... Read more
The Pound Sterling Canadian Dollar exchange rate sprang to its highest level since mid AugustForeign Currency Market Update – GBP / CAD Update The Pound Sterling Canadian Dollar exchange rate sprang to its highest level since the middle part of August during late trading yesterday. The shift higher for the pair was driven by a pronounced weakening of the Loonie which was in turn triggered by fears that the tentative... Read more
Sterling Recovers From 11-month Low Vs. US DollarForeign Currency Market Update – GBP / USD Update The Pound to US Dollar exchange rate plunged to an 11-month low last week in response to soft UK inflation data but GBP/USD recovered when a Fed official called for a continuation of QE3. GBP/USD remained close to the 1.6100 mark last Monday as Fed officials... 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;