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: Could ‘Cable’ Test 1.52 on FOMC Comments?Headlines GBP/EUR Trending Above 1.39 – ‘Grexit’ Concerns Weigh on Pound ‘Cable’ Surges before FOMC Announcement – Rate Bets Pushed Back Australian Dollar Trends Lower before RBA Comments – Stevens May Discuss Rate Cuts Canadian Dollar Holding Steady – Data in Short Supply Sterling Sterling had a fairly bullish few days of... Read more
GBP CAD: US Data to Drive Canadian Dollar (CAD) MovementForeign Currency Market Update – GBP / CAD Update The Pound recorded strong gains against the Canadian Dollar during Friday trading following a surprising data release in the US and comments from eurozone policymakers. The future performance of the Canadian Dollar remains heavily dependent upon the economic situation over the border in the States, so the... Read more
GBP ZAR: GBP/ZAR Hits Five-Week HighForeign Currency Market Update – GBP / ZAR Update The Sterling South African Rand exchange rate spiked to its highest level for over five weeks early yesterday as investors shifted out of Rand-denominated assets. The export-driven South African unit has been weighed down by soft data from the world’s two premier economies over recent days. The previous... 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;