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
Soothing words from two leading central banks helped prop up the New Zealand Dollar against the PoundForeign Currency Market Update – GBP / NZD Update Soothing words from the world’s two leading central banks have helped prop up the New Zealand Dollar against the Pound over the past seven days. The minutes of October’s US Federal Reserve policy meeting, released last Wednesday evening, proved generally favourable to the Commodity Dollars, and the... Read more
Canadian Dollar to Pound Sterling came close to hitting its strongest level since the first week of the yearForeign Currency Market Update – GBP / CAD Update The Canadian Dollar came within a whisker of hitting its strongest level against the Pound since the first week of the year during the final stretch of last week’s session. The sharp downward move to 1.7542 for the GBP CAD exchange rate was driven by renewed support for... Read more
A dearth of Australian data left Aussie-watchers looking for directionForeign Currency Market Update – GBP / AUD Update A relative dearth of Australian data over the past week left Aussie-watchers looking to the major global central banks for direction. They didn’t disappoint. Wednesday evening’s minutes of October’s US Federal Reserve policy meeting revealed that policymakers at the world’s premier central bank still intend to maintain their... 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;