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
Norwegian Krone (NOK) Exchange Rate Forecast to Edge Higher as Crude Prices RiseOver the past week, the Pound Sterling to Norwegian Krone (GBP/NOK) exchange rate was trending within the range of 12.6469 to 12.7920. In general, the Norwegian Krone softened versus its major currency rivals over the past week in response to falling crude prices. With global supply increasing exponentially, and with major rigs continuing to churn out... Read more
Euro to US Dollar Exchange Rate Seeing Slump on German Unemployment and Inflation DataContinuing to recover from the lows of previous weeks, the Euro to US Dollar (EUR/USD) exchange rate rallied before the weekend to hit 1.0977 in spite of lower-than-expected PMIs for the Eurozone. Further gains were in store for the pairing as German IFO assessments released on Monday were positive across the board. Gauging the business sentiment... Read more
Daily Insight: Fed Statement Fails to Ignite September Hike BetsHeadlines UK GDP continues to stoke Sterling demand – Mortgage approvals hit 7-year high. GBP/EUR rallies 50 pips – Tsipras says Greece will get debt relief in Nov. ‘Cable’ up slightly on Fed statement – Markets view announcement as mildly dovish. GBP/CAD close to 6.5-yr high – Pound hits new 6-year high vs.... 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;