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
Sterling is currently trading just below 1.6400 against the US DollarForeign Currency Market Update – GBP / USD Update Sterling is currently trading just below 1.6400 against the US Dollar following a strong set of US Non-farm Payroll numbers and a positive revision to US third quarter GDP last week. The Pound to US Dollar exchange rate struck a 27-month high of 1.6442 at the beginning of... Read more
Sterling declined by around -1.5 cents from an 11-month high against the EuroForeign Currency Market Update – GBP / EUR Update Sterling declined by around -1.5 cents from an 11-month high against the Euro last week in reaction to the ECB’s decision to remain on the sidelines in December. The Pound started the week well last Monday, rising to a fresh 11-month high of 1.2114 in response to the... Read more
American labour market figures send GBP AUD close to its highest level since 2010Foreign Currency Market Update – GBP / AUD Update The flailing Australian Dollar suffered yet another body blow during the early hours of last Wednesday morning with the publication of another data set hinting that all is not well with Australia’s real economy. The Gross Domestic Product print for the three months to the end 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;