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: South African Rand pushes ahead against SterlingForeign Currency Market Update – GBP / ZAR Update The middle part of last week saw the world’s premier central bank send out an unexpected message on the future direction of its monetary policy and the risk-driven Rand pushed ahead against Sterling as a consequence. The Pound Sterling Rand exchange rate had been loitering at above the... Read more
Daily Insight : British Retail Sales Impress; Sterling Up SlightlyHeadlines UK retail sales impress – 5.7% annual jump as Britons’ spending power increases. GBP/EUR up 100 pips – Sterling breaks downward trend. ‘Cable’ down on Fed hiking remarks – Fed’s Bullard says time to normalise policy. Saudi military action in Yemen impacts oil – Crude rallies 6% on conflict fears. Sterling The Pound... Read more
Daily Insight: BoE Rate Cut Talk IntensifiesHeadlines BoE’s Forbes says rate cut possible – Sterling strength a concern. GBP/EUR down half a cent – 7 cents weaker over past 2 weeks. GBP/USD rallies slightly – US durable goods orders disappoint. ‘Aussie’ & ‘Kiwi’ fall from 2-month highs – Profit taking kicks in. Sterling Talk of an interest rate cut from... 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;