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
Danish Krone (DKK) Gains on Euro, Pound Despite Rising Unemployment RateTowards the end of February the Danish Krone plummeted against the Euro amid reports that Denmark was unlikely to abandon its peg with the Euro, and would instead take the action necessary to keep it in place. Industry experts indicated that the Danish central bank is prepared to implement capital controls, should it prove necessary, and... Read more
Norwegian Krone Advances against Pound Sterling despite Poor Data and Falling Oil PricesThe Norwegian Krone firmed by more than 0.30% against Pound Sterling on Monday despite the release of weaker than forecast Manufacturing Purchasing Managers Index (PMI) data and another decline in oil prices. The GBP/NOK exchange rate hit a session low of 11.774 Earlier in the session, the Norse currency weakened as domestic data showed that manufacturing activity... Read more
Emirati Dirham (AED) Gains against Pound Sterling (GBP) as Peg to US Dollar (USD) BenefitsThe Emirati Dirham made gains against the Pound (GBP) and other peers as economists forecast that the Gross Domestic Product (GDP) of the United Arab Emirates (UAE) will not be negatively affected by falling oil prices as the nation benefits from its currency’s pegging to the strong US Dollar (USD). With the UAE being one 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;