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: Pound Sterling to US Dollar Exchange Rate Forecast to Fluctuate on FOMC Interest Rate DecisionForeign Currency Market Update – GBP / USD Update The Pound Sterling to US Dollar (GBP/USD) exchange rate steadily climbed last week on account of weaker-than-forecast US data and central bank speculation. At the close of Friday’s session, the GBP/USD currency pair was trading near eight-week highs. One factor that’s been weighing on US Dollar strength... Read more
GBP EUR: Pound Sterling to Euro Exchange Rate Holding Ground as Election and Greek Worries WeighForeign Currency Market Update – GBP / EUR Update The Pound Sterling (GBP) to Euro (EUR) exchange rate was treading water on Monday as investor jitters over the upcoming UK general election restrained Sterling and worries over a possible Greek default continued to weigh upon the single currency. Last week the Pound managed to breach the... Read more
Daily Insight: Could ‘Cable’ Test 1.52 on FOMC Comments?Headlines GBP/EUR Trending Above 1.39 – ‘Grexit’ Concerns Weigh on Pound ‘Cable’ Surges before FOMC Announcement – Rate Bets Pushed Back Australian Dollar Trends Lower before RBA Comments – Stevens May Discuss Rate Cuts Canadian Dollar Holding Steady – Data in Short Supply Sterling Sterling had a fairly bullish few days of... 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;