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: Euro surges up the currency ladderHeadlines • BoE holds 0.5% interest rate – GBP crosses unmoved. • ECB refrains from further stimulus – Euro rallies by 1 cent. • US Jobless Claims decline – Non-farm Payroll report on tap. • Canadian Ivey PMI rises – GBP/CAD tumbles. Sterling Five years on from the month that the Bank of England slashed interest rates to their lowest ever... Read more
Daily Insight: Pound puts in a good performanceHeadlines • UK Services still strong – job creation at record high, business optimism soars. • Eurozone PMI at 2.5-yr high – Retail Sales jump most since 2001. • US data disappoints – Services and Employment figures miss forecasts. • BoC holds rates at 1% – ditches talk of weakening CAD. Sterling The Pound put in a good performance on the... Read more
GBP ZAR Market Update: Rand comes under fire in the global currency marketsForeign Currency Market Update – GBP / ZAR Update The middle part of last week’s session saw the Rand come under fire in the global currency markets thanks to bleak comments from the South African Finance Minister Pravin Gordhan. The policymaker stated that he now expected his nation’s economy to expand by only 2.7% this year... 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;