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
GBP ZAR Market Update: The South African Rand has leaked support against Sterling over the past weekForeign Currency Market Update – GBP / ZAR Update The South African Rand has leaked support against Sterling over the past week as investors expressed their concerns regarding the situation in the Ukraine by shifting out of ZAR-denominated assets. The move has sent the GBP ZAR exchange rate up from its near-term nadir of 17.3518, which... Read more
Daily Insight: The Pound powered ahead versus its currency rivalsHeadlines • British Unemployment at 5-yr low – joblessness falls from 7.2% to 6.9%. • Wage growth hits 1.7% – could boost household spending power. • Eurozone CPI remains weak – 0.5% inflation rate dampens demand for Euro. • GBP/USD close to 4-yr high – BoC rhetoric hurts CAD. Sterling The Pound powered ahead versus its currency rivals yesterday as markets... Read more
GBP NZD Market Update: Sterling to New Zealand Dollar exchange rate teeters marginally above its 6-month lowForeign Currency Market Update – GBP / NZD Update When Janet Yellen became the first female Chair of the US Federal Reserve earlier this year she came with a reputation for favouring ultra-loose monetary policy. This was driven by her status as one of the original architects of America’s highly controversial and potentially destabilising Quantitative Easing... 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;