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: BoE Rate Cut Talk IntensifiesHeadlines BoE’s Forbes says rate cut possible – Sterling strength a concern. GBP/EUR down half a cent – 7 cents weaker over past 2 weeks. GBP/USD rallies slightly – US durable goods orders disappoint. ‘Aussie’ & ‘Kiwi’ fall from 2-month highs – Profit taking kicks in. Sterling Talk of an interest rate cut from... Read more
Hong Kong Dollar (HKD) Exchange Rate Softer as US Durable Goods Orders FallBy the middle of the week the Pound Sterling to Hong Kong Dollar (GBP/HKD) exchange rate had recovered from the low of 11.5038 recorded in the wake of the UK’s disappointing inflation reading to achieve a high of 11.5888. The Hong Kong Dollar tracked the US Dollar lower as demand for the ‘Greenback’ faltered following... Read more
Swiss Franc (CHF) Exchange Rate Weakens Against Pound Sterling (GBP) & Euro (EUR)The Swiss Franc weakened against most of its major currency peers on Wednesday despite the release of an improved UBS consumption indicator report. The Swiss Franc to Pound Sterling exchange rate was trading in the region of 0.6998 Swiss consumption was shown to have increased in February due to a sharp increase in new car registrations. According... 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;