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: Pound Corrects Higher as Scottish Fears Abate (For Now)Headlines Lloyds & RBS signal intent to move South – IF Scotland votes for independence. German inflation remains at 4.5-year low – GBP/EUR posts slender gain. GBP/USD up a third of a cent – US retail sales on tap. Australian unemployment dips to 6.1% – Risk aversion pushes GBP/AUD up 1.3 cents. Sterling The Pound corrected slightly higher again... Read more
Daily Insight: Sterling Rallies By Two Cents Vs. New Zealand Dollar on Dovish RBNZHeadlines BoE on track for hike next year – Carney says independent Scotland would need to raise funds. Survation poll shows 6% lead for ‘NO’ camp – Pound rallies during evening. GBP/USD hits fresh 10-month low – Sterling rises following #indyref poll. Dovish RBNZ holds 3.5% benchmark rate – GBP/NZD up two cents. Sterling The Pound ticked slightly higher... Read more
GBP ZAR Market Update: Exchange rate slumped to its lowest level since mid-MayForeign Currency Market Update – GBP / ZAR Update The Pound South African Rand exchange rate slumped to its lowest level since mid-May when the foreign currency markets re-opened for business on Sunday night. The sharp move lower to 17.2959 was driven by a pronounced weakening of Sterling following the publication of a headline-grabbing Scottish Referendum opinion... 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;