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: Sterling Continues to Surge vs EuroHeadlines UK Q4 GDP confirmed at 0.5% – Biz investment down, exports up. GBP/EUR hits fresh 7-yr high – ECB bond-buying weighs on single currency. GBP/USD touches new 8-week high – But sinks -140 pips on core US CPI. Canadian CPI beats forecasts – GBP/CAD down 50 pips. Sterling The Office for National Statistics (ONS) confirmed yesterday that the British economy... Read more
Daily Insight: Pound Strikes Eight-Week High vs US DollarHeadlines Pound sturdy on BoE optimism – Rate hike predicted at start of 2016. GBP/EUR hits fresh 7-yr high – German 5-yr debt sinks into negative territory. GBP/USD strikes 8-week high – US inflation to hit -0.1%. CAD stronger following BOC remarks – Less likelihood of further rate cuts. Sterling The Pound remained strong yesterday against most of the majors due... Read more
GBP ZAR Market Update: Sterling to South African Rand Exchange Rate Drops to Two-Week LowForeign Currency Market Update – GBP / ZAR Update The Sterling South African Rand exchange rate dropped to its lowest level for two weeks this afternoon as investor sentiment soared. The VIX ‘Fear Gauge’, which measures the number and volume of protective ‘put’ orders which US equity traders are placing on the deals which they strike,... 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;