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 CAD: BOC Rate Cut Bets Drive GBP/CAD to Six-Year HighForeign Currency Market Update – GBP / CAD Update The Pound Sterling to Canadian Dollar (GBP/CAD) exchange rate was able to advance to a six-year high of 1.9763 last week as Canada’s disappointing growth data upped the odds of the Bank of Canada (BOC) making further adjustments to interest rates. Earlier this year the BOC cut... Read more
Australian Dollar to US Dollar (AUD/USD) Exchange Rate Forecast to Dive on Damp Market SentimentOver the past week, the Australian Dollar to US Dollar (AUD/USD) exchange rate was trending within the range of 0.7400 to 0.7727. With the situation in Greece reaching boiling point, the Australian Dollar softened versus many of its peers as a result of dampened demand for high-yielding assets. Lack of confidence and safe-haven demand also reaches... Read more
GBP ZAR: South African Rand Exchange Rate – Bearishness Forecast on US Dollar Strength, Eskom WoesForeign Currency Market Update – GBP / ZAR Update Over the past week the South African Rand has generally softened versus its major peers. The Pound Sterling to South African Rand (GBP/ZAR) exchange rate, for example, has moved from a low of 19.0385 to a high of 19.4091 since July 1st. One major stumbling block for... 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;