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 USD Market Update: Sterling Breaks 7-Week Losing Streak Vs. US DollarForeign Currency Market Update – GBP / USD Update Sterling ended a seven-week losing streak against the US Dollar last week despite a strong revision to US second quarter GDP. The Pound to US Dollar exchange rate remained below psychological resistance at 1.6600 for the majority of last week’s session as American data printed... Read more
GBP EUR Market Update: Pound to Euro exchange rate rallied to a fresh monthly highForeign Currency Market Update – GBP / EUR Update The Pound to Euro exchange rate rallied by over a cent to a fresh monthly high last week as the Ukrainian crisis concerns weighed over the single currency. During the first half of the week economic data was very thin on the ground. The German IFO business confidence... Read more
GBP CAD Market Update: Exchange rate fell to its lowest level for over seven monthsForeign Currency Market Update – GBP / CAD Update The Pound Sterling Canadian Dollar exchange rate fell to its lowest level for over seven months during Friday afternoon’s session in the currency market. The move was provoked by the publication of the latest Canadian Gross Domestic Product data which revealed that activity in North America’s second... 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;