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 Sinks Following Queen’s SpeechHeadlines Queen’s Speech features EU referendum before 2017 – Sterling down on possibility of long wait. GBP/EUR hits 2.5-month high – Euro recovers on Greek deal optimism. Pound at 20-day low vs. US Dollar – On Fed rate hike bets. GBP/AUD close to 6-yr high – Risk appetite down on Fed hike speculation. Sterling... Read more
Hong Kong Dollar Exchange Rate Outlook – HKD to Strengthen if Fed Rate Hike Bets are Brought ForwardOver the past month the Pound Sterling to Hong Kong Dollar (GBP/HKD) exchange rate has fluctuated between lows of 11.7111 and highs of 12.2490. After achieving the month’s high off the back of the Conservative party’s outright win of the UK general election, the GBP/HKD currency pair returned to trending in the region of 11.9337... Read more
Danish Krone Falls against Pound Sterling Amid ‘Grexit’ Contagion FearsOver the last five days the Pound Sterling to Danish Krone (GBP/DKK) exchange rate gradually advanced from a low of 10.4126 to achieve a high of 10.5633. Although the UK’s first deflation reading since 1960 put the Pound under pressure on Tuesday, hawkish commentary from the Bank of England (BoE) and an unexpected surge in UK... 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;