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
Upbeat Retail Sales Support SterlingHeadlines UK retail sales impress – 0.8% print beats forecasts of 0.3%, sends Sterling higher. German manufacturing stagnates – Eurozone PMI sinks to 16-month low. GBP/USD up slightly – US inflation sturdy, manufacturing slows. Canadian Dollar rallies on wholesale sales data – Canadian CPI inflation on tap. Sterling The Pound enjoyed another sanguine trading session yesterday. The world’s oldest... Read more
GBP ZAR Update: The Pound South African Rand exchange rate plungedForeign Currency Market Update – GBP / ZAR Update The Pound South African Rand exchange rate plunged to its lowest level since New Year’s Eve during yesterday’s session as investors continued to shift out of Sterling-denominated assets. The pair’s downward move to 17.1616 was largely driven by continued weakness for the UK tender as market participants... Read more
Mildly Encouraging BoE Minutes Report Lifts PoundHeadlines BoE minutes reveal split in MPC outlook – Some policymakers see spare capacity eroding quickly. Pound rallies across the board – Slightly better rate hike outlook. GBP/EUR up by a third of a cent – EZ PMIs on tap. Limited volatility following Fed minutes – Lively debate over interest rates. Sterling After a harrowing seven days, there was... 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;