Forex Trading.................................

The foreign exchange market, also knows as FOREX, originated in 1973 has become the largest e-currency trade market in the world today. FOREX trading occurs 24 hours a day, 5 days a week. The FOREX market offers a unique trading opportunity to those seeking a substantial profit in a market that trades over 1.2 trillion dollars each day.

FOREX market is primarily traded between central banks, commercial banks, non-banking International Corporation, hedge funds, private investors and speculators. Previously small investors were unable to trade in the FOREX market due to the large deposit required. However until recent years, with the continuing growth of the internet and competition, Forex trading has made it so small investors can now open a FOREX trading account with as little as $250.

There are a few factors as to why FOREX investing is starting to attract more small investors. For one, FOREX can be traded 24 hours a day 5 days a week. Previously trades were placed by phone, the internet has made it possible for traders to monitor their FOREX trading accounts from home and execute trades in real time with the click of a mouse button.

In order to start trading in the FOREX market, one must first open an account with a broker. It is recommended to obtain a list of brokers and do some research before deciding on which broker to deal with. Each broker offers different policies and different spreads on each currency that is traded.

Before trading in FOREX, one must first understand the risk and reward
behind

margin trading in FOREX. A margined account can be leveraged, which means trading in FOREX can be done with solely cash or a combination of cash and collateral such as a security deposit. The main risk involved in margin trading is that margin trading tends to inflate loss. In addition the rate of loss and leverage makes FOREX a high risk investment. However, regardless of the downside in margin trading, FOREX is still very profitable as huge gains can be made.

There are plenty of resources on the internet that will discuss trading strategies, emotions and what it takes to become a successful trader. Most of these web sites are going to tell you that emotions play the largest roll in your success as a trader.

Singapore Dollar ...................................

1 SGD in SGD
American Dollar 0.720965 1.38703
Argentine Peso 2.75983 0.362341
Australian Dollar 0.776609 1.28765
Brazilian Real 1.23541 0.809448
British Pound 0.429549 2.32802
Brunei dollar 0.998176 1.00183
Bulgarian Lev 0.947939 1.05492
Canadian Dollar 0.762651 1.31122
Chilean Peso 356.012 0.00280889
Chinese Yuan 4.92166 0.203183
Colombian Peso 1416.78 0.000705825
Croatian Kuna 3.54788 0.281859
Danish Krone 3.60648 0.277279
Estonian Kroon 7.58361 0.131863
Euro 0.484682 2.06321
Hong Kong Dollar 5.58756 0.178969
Hungarian Forint 128.926 0.0077564
Iceland Krona 89.4516 0.0111792
Indian Rupee 33.4058 0.029935
Israeli New Shekel 2.72634 0.366793
Japanese Yen 64.3464 0.0155409
Latvian Lat 0.343349 2.91249
Libyan Dinar 1.39317 0.717787
Lithuanian Litas 1.67351 0.597546
Malaysian Ringgit 2.42787 0.411883
Maltese Lira 2.4981 0.400304
Mexican Peso 9.38264 0.10658
New Zealand Dollar 0.966454 1.03471
Norwegian Kroner 4.04588 0.247165
Omani Rial 0.277211 3.60736
Pakistan Rupee 60.177 0.0166176
Qatari Rial 2.62431 0.381052
Romanian Leu 2.08147 0.48043
Russian Ruble 20.7442 0.0482063
Saudi Riyal 2.70362 0.369875
South African Rand 5.37852 0.185925
South Korean Won 833.061 0.00120039
Sri Lanka Rupee 82.3782 0.0121391
Swedish Krona 4.95442 0.20184
Swiss Franc 0.732407 1.36536
Taiwan Dollar 23.1689 0.0431614
Thai Baht 23.936 0.041778
Trinidad/Tobago Dollar 4.55908 0.219343
Turkish Lira 1.06872 0.935697
Venezuelan Bolivar 1.54803 0.645981

New Zealand Dollar ...................................

1 NZD in NZD
American Dollar 0.74599 1.3405
Argentine Peso 2.85563 0.350186
Australian Dollar 0.803566 1.24445
Brazilian Real 1.27829 0.782294
British Pound 0.44446 2.24992
Brunei dollar 1.03282 0.96822
Bulgarian Lev 0.980843 1.01953
Canadian Dollar 0.789123 1.26723
Chilean Peso 368.37 0.00271466
Chinese Yuan 5.0925 0.196367
Colombian Peso 1465.96 0.000682147
Croatian Kuna 3.67103 0.272403
Danish Krone 3.73166 0.267977
Estonian Kroon 7.84685 0.12744
Euro 0.501506 1.99399
Hong Kong Dollar 5.78151 0.172965
Hungarian Forint 133.401 0.0074962
Iceland Krona 92.5565 0.0108042
Indian Rupee 34.5653 0.0289307
Israeli New Shekel 2.82097 0.354488
Japanese Yen 66.5799 0.0150195
Latvian Lat 0.355267 2.81479
Libyan Dinar 1.44153 0.693708
Lithuanian Litas 1.7316 0.577501
Malaysian Ringgit 2.51214 0.398066
Maltese Lira 2.58481 0.386875
Mexican Peso 9.70832 0.103004
Norwegian Kroner 4.18632 0.238873
Omani Rial 0.286833 3.48635
Pakistan Rupee 62.2658 0.0160602
Qatari Rial 2.7154 0.368269
Romanian Leu 2.15372 0.464313
Russian Ruble 21.4642 0.0465891
Saudi Riyal 2.79746 0.357467
Singapore Dollar 1.03471 0.966454
South African Rand 5.56521 0.179688
South Korean Won 861.977 0.00116012
Sri Lanka Rupee 85.2376 0.0117319
Swedish Krona 5.12639 0.195069
Swiss Franc 0.757829 1.31956
Taiwan Dollar 23.9731 0.0417135
Thai Baht 24.7669 0.0403765
Trinidad/Tobago Dollar 4.71733 0.211984
Turkish Lira 1.10582 0.904307
Venezuelan Bolivar 1.60177 0.62431

Swedish Krona ................................

1 SEK in SEK
American Dollar 0.14552 6.87193
Argentine Peso 0.557044 1.79519
Australian Dollar 0.156751 6.37956
Brazilian Real 0.249355 4.01035
British Pound 0.0867002 11.534
Brunei dollar 0.201472 4.96347
Bulgarian Lev 0.191332 5.22652
Canadian Dollar 0.153933 6.49631
Chilean Peso 71.8575 0.0139164
Chinese Yuan 0.993388 1.00666
Colombian Peso 285.963 0.00349695
Croatian Kuna 0.716103 1.39645
Danish Krone 0.727931 1.37376
Estonian Kroon 1.53068 0.653306
Euro 0.0978283 10.222
Hong Kong Dollar 1.12779 0.886687
Hungarian Forint 26.0224 0.0384285
Iceland Krona 18.0549 0.0553866
Indian Rupee 6.74262 0.14831
Israeli New Shekel 0.550284 1.81724
Japanese Yen 12.9877 0.0769961
Latvian Lat 0.0693015 14.4297
Libyan Dinar 0.281198 3.55622
Lithuanian Litas 0.337781 2.96049
Malaysian Ringgit 0.490041 2.04064
Maltese Lira 0.504216 1.98328
Mexican Peso 1.89379 0.528041
New Zealand Dollar 0.195069 5.12639
Norwegian Kroner 0.816621 1.22456
Omani Rial 0.0559523 17.8724
Pakistan Rupee 12.1461 0.0823308
Qatari Rial 0.529691 1.88789
Romanian Leu 0.420124 2.38025
Russian Ruble 4.187 0.238834
Saudi Riyal 0.545698 1.83251
Singapore Dollar 0.20184 4.95442
South African Rand 1.0856 0.921149
South Korean Won 168.145 0.00594725
Sri Lanka Rupee 16.6272 0.0601424
Swiss Franc 0.147829 6.76458
Taiwan Dollar 4.6764 0.21384
Thai Baht 4.83125 0.206986
Trinidad/Tobago Dollar 0.920204 1.08672
Turkish Lira 0.215711 4.63583
Venezuelan Bolivar 0.312455 3.20046

Mexican Peso ......................................

1 MXN in MXN
American Dollar 0.0768403 13.014
Argentine Peso 0.294142 3.39971
Australian Dollar 0.0827709 12.0815
Brazilian Real 0.13167 7.59476
British Pound 0.0457813 21.843
Brunei dollar 0.106385 9.39978
Bulgarian Lev 0.101031 9.89793
Canadian Dollar 0.0812832 12.3027
Chilean Peso 37.9438 0.0263548
Chinese Yuan 0.52455 1.9064
Colombian Peso 151 0.0066225
Croatian Kuna 0.378132 2.64458
Danish Krone 0.384378 2.60161
Estonian Kroon 0.80826 1.23723
Euro 0.0516574 19.3583
Hong Kong Dollar 0.595522 1.6792
Hungarian Forint 13.7409 0.0727755
Iceland Krona 9.53373 0.104891
Indian Rupee 3.56038 0.280869
Israeli New Shekel 0.290572 3.44148
Japanese Yen 6.85803 0.145814
Latvian Lat 0.0365941 27.3268
Libyan Dinar 0.148484 6.73474
Lithuanian Litas 0.178363 5.60656
Malaysian Ringgit 0.258762 3.86455
Maltese Lira 0.266247 3.75591
New Zealand Dollar 0.103004 9.70832
Norwegian Kroner 0.431209 2.31906
Omani Rial 0.0295451 33.8466
Pakistan Rupee 6.41365 0.155917
Qatari Rial 0.279699 3.57527
Romanian Leu 0.221843 4.5077
Russian Ruble 2.21091 0.452302
Saudi Riyal 0.288151 3.4704
Singapore Dollar 0.10658 9.38264
South African Rand 0.573242 1.74446
South Korean Won 88.7875 0.0112629
Sri Lanka Rupee 8.77985 0.113897
Swedish Krona 0.528041 1.89379
Swiss Franc 0.0780598 12.8107
Taiwan Dollar 2.46933 0.404968
Thai Baht 2.5511 0.391988
Trinidad/Tobago Dollar 0.485906 2.05801
Turkish Lira 0.113904 8.7793
Venezuelan Bolivar 0.164989 6.061

Saudi Riyal .................................

1 SAR in SAR
American Dollar 0.266667 3.75
Argentine Peso 1.02079 0.979632
Australian Dollar 0.287248 3.48131
Brazilian Real 0.456947 2.18844
British Pound 0.158879 6.29408
Brunei dollar 0.3692 2.70856
Bulgarian Lev 0.350619 2.8521
Canadian Dollar 0.282085 3.54503
Chilean Peso 131.68 0.00759417
Chinese Yuan 1.8204 0.549331
Colombian Peso 524.032 0.00190828
Croatian Kuna 1.31227 0.762039
Danish Krone 1.33394 0.749657
Estonian Kroon 2.80499 0.356508
Euro 0.179272 5.57812
Hong Kong Dollar 2.0667 0.483863
Hungarian Forint 47.6864 0.0209703
Iceland Krona 33.0859 0.0302244
Indian Rupee 12.3559 0.0809327
Iranian Rial 2640.27 0.00037875
Israeli New Shekel 1.0084 0.991667
Japanese Yen 23.8001 0.0420166
Kazakhstani Tenge 39.8667 0.0250836
Latvian Lat 0.126996 7.87426
Libyan Dinar 0.515299 1.94062
Lithuanian Litas 0.618989 1.61554
Malaysian Ringgit 0.898008 1.11358
Maltese Lira 0.923984 1.08227
Mauritius Rupee 7.96179 0.1256
Mexican Peso 3.4704 0.288151
New Zealand Dollar 0.357467 2.79746
Norwegian Kroner 1.49647 0.66824
Omani Rial 0.102533 9.75293
Pakistan Rupee 22.2579 0.0449278
Qatari Rial 0.970667 1.03022
Romanian Leu 0.769883 1.2989
Russian Ruble 7.67275 0.130331
Singapore Dollar 0.369875 2.70362
South African Rand 1.98938 0.50267
South Korean Won 308.128 0.0032454
Sri Lanka Rupee 30.4696 0.0328196
Swedish Krona 1.83251 0.545698
Swiss Franc 0.270899 3.69142
Taiwan Dollar 8.56957 0.116692
Thai Baht 8.85333 0.112952
Trinidad/Tobago Dollar 1.68629 0.593019
Turkish Lira 0.395293 2.52977
Venezuelan Bolivar 0.572579 1.74648

Canadian Dollar ........................

1 CAD in CAD
American Dollar 0.94534 1.05782
Argentine Peso 3.61873 0.27634
Australian Dollar 1.0183 0.982027
Brazilian Real 1.61989 0.617327
British Pound 0.563232 1.77547
Brunei dollar 1.30882 0.764045
Bulgarian Lev 1.24295 0.804536
Chilean Peso 466.809 0.0021422
Chinese Yuan 6.45336 0.154958
Colombian Peso 1857.71 0.000538298
Croatian Kuna 4.65203 0.21496
Danish Krone 4.72887 0.211467
Estonian Kroon 9.94375 0.100566
Euro 0.635523 1.57351
Hong Kong Dollar 7.3265 0.136491
Hungarian Forint 169.05 0.00591543
Iceland Krona 117.29 0.00852586
Indian Rupee 43.8022 0.0228299
Israeli New Shekel 3.57481 0.279735
Japanese Yen 84.372 0.0118523
Latvian Lat 0.450204 2.22121
Libyan Dinar 1.82675 0.547421
Lithuanian Litas 2.19433 0.455719
Malaysian Ringgit 3.18346 0.314123
Maltese Lira 3.27555 0.305292
Mexican Peso 12.3027 0.0812832
New Zealand Dollar 1.26723 0.789123
Norwegian Kroner 5.30502 0.188501
Omani Rial 0.363483 2.75116
Pakistan Rupee 78.905 0.0126735
Qatari Rial 3.44104 0.29061
Romanian Leu 2.72925 0.3664
Russian Ruble 27.2001 0.0367646
Saudi Riyal 3.54503 0.282085
Singapore Dollar 1.31122 0.762651
South African Rand 7.0524 0.141796
South Korean Won 1092.32 0.000915481
Sri Lanka Rupee 108.016 0.00925793
Swedish Krona 6.49631 0.153933
Swiss Franc 0.960343 1.04129
Taiwan Dollar 30.3794 0.0329171
Thai Baht 31.3853 0.031862
Trinidad/Tobago Dollar 5.97794 0.167282
Turkish Lira 1.40133 0.71361
Venezuelan Bolivar 2.02981 0.492658

British Pound ...............................

1 GBP in GBP
American Dollar 1.67842 0.595798
Argentine Peso 6.42495 0.155643
Australian Dollar 1.80796 0.553109
Brazilian Real 2.87606 0.347698
Brunei dollar 2.32377 0.430334
Bulgarian Lev 2.20682 0.45314
Canadian Dollar 1.77547 0.563232
Chilean Peso 828.804 0.00120656
Chinese Yuan 11.4577 0.0872774
Colombian Peso 3298.3 0.000303187
Croatian Kuna 8.25953 0.121072
Danish Krone 8.39595 0.119105
Estonian Kroon 17.6548 0.0566418
Euro 1.12835 0.886249
Hong Kong Dollar 13.008 0.076876
Hungarian Forint 300.142 0.00333176
Iceland Krona 208.245 0.00480203
Indian Rupee 77.7693 0.0128585
Israeli New Shekel 6.34697 0.157556
Japanese Yen 149.8 0.00667558
Latvian Lat 0.799323 1.25106
Libyan Dinar 3.24333 0.308325
Lithuanian Litas 3.89597 0.256676
Malaysian Ringgit 5.65213 0.176924
Maltese Lira 5.81563 0.17195
Mexican Peso 21.843 0.0457813
New Zealand Dollar 2.24992 0.44446
Norwegian Kroner 9.4189 0.10617
Omani Rial 0.645353 1.54954
Pakistan Rupee 140.093 0.0071381
Qatari Rial 6.10945 0.163681
Romanian Leu 4.8457 0.206368
Russian Ruble 48.2929 0.020707
Saudi Riyal 6.29408 0.158879
Singapore Dollar 2.32802 0.429549
South African Rand 12.5213 0.0798639
South Korean Won 1939.38 0.000515628
Sri Lanka Rupee 191.778 0.00521436
Swedish Krona 11.534 0.0867002
Swiss Franc 1.70506 0.58649
Taiwan Dollar 53.9376 0.01854
Thai Baht 55.7236 0.0179457
Trinidad/Tobago Dollar 10.6136 0.0942185
Turkish Lira 2.48801 0.401928
Venezuelan Bolivar 3.60386 0.277481

Euro ..........................................................

1 EUR in EUR
American Dollar 1.4875 0.672269
Argentine Peso 5.6941 0.17562
Australian Dollar 1.60231 0.624101
Brazilian Real 2.54891 0.392325
British Pound 0.886249 1.12835
Brunei dollar 2.05944 0.485568
Bulgarian Lev 1.95579 0.511301
Canadian Dollar 1.57351 0.635523
Chilean Peso 734.527 0.00136142
Chinese Yuan 10.1544 0.0984795
Colombian Peso 2923.12 0.000342101
Croatian Kuna 7.32 0.136612
Danish Krone 7.44091 0.134392
Estonian Kroon 15.6466 0.0639118
Hong Kong Dollar 11.5283 0.086743
Hungarian Forint 266.001 0.00375939
Iceland Krona 184.557 0.00541838
Indian Rupee 68.923 0.0145089
Israeli New Shekel 5.625 0.177778
Japanese Yen 132.76 0.00753239
Latvian Lat 0.708399 1.41163
Libyan Dinar 2.8744 0.347899
Lithuanian Litas 3.4528 0.28962
Malaysian Ringgit 5.0092 0.199633
Maltese Lira 5.1541 0.19402
Mexican Peso 19.3583 0.0516574
New Zealand Dollar 1.99399 0.501506
Norwegian Kroner 8.34749 0.119796
Omani Rial 0.571944 1.74842
Pakistan Rupee 124.158 0.00805428
Qatari Rial 5.4145 0.184689
Romanian Leu 4.2945 0.232856
Russian Ruble 42.7995 0.0233647
Saudi Riyal 5.57812 0.179272
Singapore Dollar 2.06321 0.484682
South African Rand 11.097 0.0901144
South Korean Won 1718.78 0.000581809
Sri Lanka Rupee 169.963 0.00588363
Swedish Krona 10.222 0.0978283
Swiss Franc 1.51111 0.661767
Taiwan Dollar 47.8021 0.0209196
Thai Baht 49.385 0.0202491
Trinidad/Tobago Dollar 9.40632 0.106311
Turkish Lira 2.205 0.453516
Venezuelan Bolivar 3.19391 0.313095

South African Rand ........................

1 ZAR in ZAR
American Dollar 0.134045 7.46017
Argentine Peso 0.513121 1.94886
Australian Dollar 0.144391 6.92565
Brazilian Real 0.229693 4.35363
British Pound 0.0798639 12.5213
Brunei dollar 0.185586 5.38835
Bulgarian Lev 0.176245 5.67391
Canadian Dollar 0.141796 7.0524
Chilean Peso 66.1915 0.0151077
Chinese Yuan 0.915058 1.09283
Colombian Peso 263.415 0.00379629
Croatian Kuna 0.659638 1.51598
Danish Krone 0.670533 1.49135
Estonian Kroon 1.40998 0.709229
Euro 0.0901144 11.097
Hong Kong Dollar 1.03887 0.962588
Hungarian Forint 23.9705 0.0417179
Iceland Krona 16.6313 0.0601277
Indian Rupee 6.21096 0.161006
Israeli New Shekel 0.506893 1.9728
Japanese Yen 11.9636 0.083587
Latvian Lat 0.063837 15.6649
Libyan Dinar 0.259025 3.86063
Lithuanian Litas 0.311147 3.21391
Malaysian Ringgit 0.451401 2.21532
Maltese Lira 0.464459 2.15304
Mexican Peso 1.74446 0.573242
New Zealand Dollar 0.179688 5.56521
Norwegian Kroner 0.75223 1.32938
Omani Rial 0.0515404 19.4023
Pakistan Rupee 11.1884 0.0893784
Qatari Rial 0.487925 2.0495
Romanian Leu 0.386997 2.584
Russian Ruble 3.85686 0.259279
Saudi Riyal 0.50267 1.98938
Singapore Dollar 0.185925 5.37852
South Korean Won 154.887 0.00645634
Sri Lanka Rupee 15.3161 0.0652906
Swedish Krona 0.921149 1.0856
Swiss Franc 0.136173 7.34363
Taiwan Dollar 4.30766 0.232144
Thai Baht 4.4503 0.224704
Trinidad/Tobago Dollar 0.847646 1.17974
Turkish Lira 0.198702 5.03266
Venezuelan Bolivar 0.287818 3.47442

XE.com Quick Cross Rates .............................

XE.com Quick Cross Rates

United States Flag USD Euro Flag EUR Great Britain Flag GBP Japan Flag JPY Canada Flag CAD Australia Flag AUD Switzerland Flag CHF Russian Federation Flag RUB China Flag CNY South Africa Flag ZAR México Flag MXN
United States Flag 1 USD = 1.00000 0.67332 0.59547 89.2820
1.05260

Rate Explanation
This rate means that the CAD is worth more than the USD.
Each US Dollar is worth 1.05260 Canadian Dollars.
Each Canadian Dollar is worth 0.95003 US Dollars.
1.07758 1.01772 28.8068 6.82750 7.48241 13.0449
Inverse: 1.00000 1.48519 1.67934 0.01120 0.95003 0.92801 0.98259 0.03471 0.14647 0.13365 0.07666
Euro Flag 1 EUR = 1.48519 1.00000 0.88439 132.600 1.56331 1.60041 1.51150 42.7835 10.1401 11.1128 19.3742
Inverse: 0.67332 1.00000 1.13073 0.00754 0.63967 0.62484 0.66159 0.02337 0.09862 0.08999 0.05162
Great Britain Flag 1 GBP = 1.67934 1.13073 1.00000 149.935 1.76768 1.80962 1.70909 48.3765 11.4657 12.5655 21.9069
Inverse: 0.59547 0.88439 1.00000 0.00667 0.56571 0.55260 0.58511 0.02067 0.08722 0.07958 0.04565

Current Exchange Rates . .. . . . . . .. . . ..

South Africa Exchange Rates / Foreign exchange rates are updated daily. Currency rates are supplied as is and are for information purposes (as a guide for travellers) only. Currency exchange rates are available at banks and published daily in the press. SA-Venues.com and affiliates shall not be held responsible for any loss that may arise from the use of these rates, whether such loss be direct or indirect.

South African Currency: 1 Rand (R) = 100 cents (c).
Notes issued R200, R100, R50, R20, R10; coins R5, R2, R1, 50c, 20c, 10c, 5c.
Current Exchange Rates
Foreign Currency to South African Rand

One Rand equals X currency
 
One currency equals X Rand


0.13153 US Dollar (USD)

7.60 ZA Rands


0.0793425 Pound sterling (GBP)

12.60 ZA Rands


0.0884679 Euro (EUR)

11.30 ZA Rands


0.144573 Australian dollar (AUD)

6.92 ZA Rands


0.14014 Canadian dollar (CAD)

7.14 ZA Rands


0.898166 Chinese yuan renminbi (CNY)

1.11 ZA Rands


0.643116 Croatian kuna (HRK)

1.55 ZA Rands


0.0517779 Cyprus pound (CYP)

19.31 ZA Rands


2.28625 Czech koruna (CZK)

0.44 ZA Rands


0.658369 Danish krone (DKK)

1.52 ZA Rands


1.01936 Hong Kong dollar (HKD)

0.98 ZA Rands


24.411 Hungarian forint (HUF)

0.04 ZA Rands


16.4117 Icelandic krona (ISK)

0.06 ZA Rands


6.17863 India Rupees (INR)

0.16 ZA Rands


11.9362 Yen (JPY)

0.08 ZA Rands


0.450026 Malaysian ringgit (MYR)

2.22 ZA Rands


0.182346 New Zealand dollar (NZD)

5.48 ZA Rands


0.747395 Norwegian krone (NOK)

1.34 ZA Rands


0.376507 Polish zloty (PLN)

2.66 ZA Rands


0.380568 New Romanian leu (RON)

2.63 ZA Rands


3.81748 Russian rouble (RUB)

0.26 ZA Rands


0.183452 Singapore dollar (SGD)

5.45 ZA Rands


0.920448 Swedish krona (SEK)

1.09 ZA Rands


0.133753 Swiss franc (CHF)

7.48 ZA Rands


0.19579 New Turkish lira (TRY)

5.11 ZA Rands

Technical Studies . . . . . . . .. . . .

Forex Top Movers Ccy Heat Map
Pair Rate Chng %
CADJPY 83.58 -1.90%
AUDCAD 0.9871 +1.82%
EURJPY 133.43 -1.13%
GBPCAD 1.7857 +1.12%
CHFJPY 88.32 -1.10%
EURAUD 1.6163 -1.10%

USD
EUR
JPY
GBP
CHF
CAD
AUD
Action Bias & Pivot Points
Currency Last Bias S1 R1
EURUSD 1.4845 Neutral 1.4816 1.4923
USDJPY 89.88 Neutral 90.19 91.06
GBPUSD 1.6611 Neutral 1.6485 1.6655
USDCHF 1.0172 Neutral 1.0130 1.0192
USDCAD 1.0750 Up 1.0608 1.0685
AUDUSD 0.9186 Neutral 0.9041 0.9141

Forex News Trader.........................

How do the majority of profitable Forex traders truly profit in the FX market? One way… they trade the news!

Forex News Trader was developed to give traders the edge they need to learn how to trade based on economic news events from around the world. The same edge the institutions use to make hundreds of millions and even billions of dollars in profit each year.

Forex News Trading will provide you with the information you need to give you a true insider’s understanding of the Forex markets. You will feel confident in your trading, and never doubt your trades again.

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Daily Forex Report - USD higher, consumer confidence unexpectedly falls .................

# USD: Higher, Russia plans to maintain current holdings of US treasuries, FDIC seeks insurance prepayment

# JPY: Higher, Japan supports USD reserve status and will not rule out intervention

# EUR: Lower, Trichet warns of slow recovery and says interest rates are appropriate/exit tied to price risk

# GBP: Higher, CBI retail sales come in stronger than expected

# CAD and AUD: AUD & CAD lower, RBA rates may rise by year end, BOE warns on CAD strength

Overview

USD traded mixed Tuesday with GBP supported by report of stronger than expected September CBI retail sales, JPY pressured by statement from Japan's Finance Minister Fujii that he has not ruled out intervention in Forex markets, and EUR trading lower pressured in cross trade to the GBP and by report that Russia cut interest rates. The Russian central bank cut its main interest rate to 10% from 10.5%. The Russian rate cut is seen as a sign that the impact of the global crisis may not have completely passed. EUR was also pressured by statement from ECB President Trichet that he supports a strong USD. Russia also said they plan to maintain their current level of US reserves which is around 30%. The commodity currencies were mixed with the AUD initially supported by RBA rate hike speculation. RBA watcher McCrann says he expects the RBA to begin to hike rates in November or December. Commodity currencies turned lower tracking weaker US equities. There was limited reaction to a statement from World Bank President Zoellick warning that there are viable alternatives emerging to the USD reserve currency status and that the EUR could be a respectable alternative to the USD. USD maintained a modest bid save for losses versus the GBP with support from a report that the FDIC will ask US banks to prepay insurance to help the FDIC bridge its funding gap and in reaction to a statements from Japanese officials that Japan should support the USD reserve status. US economic data was mixed with the Case Shiller Home Price Index declining by less than expected and consumer confidence posting an unexpected drop. USD traded higher after the release of the unexpected drop in consumer confidence. The report generates concern about the strength of the US recovery and sparked safe haven USD demand. USD was also supported by hawkish comments from the Fed's Fisher. Reuters reports that the Fed's Fisher said that when it comes time to tighten the Fed will move as quickly and intensely as it pursued monetary accommodation.

Today's US data:

July Case Shiller Index declined by 13.3%, a reading of -14.2% was expected. September consumer confidence declined to 53.1, a reading of 57 was expected.

Upcoming US data:

On September 30th September ADP employment will be released expected at -212k compared to -298k last month. Final Q2 GDP will also be released on September 30th expected at -1.1% along with September Chicago PMI expected 51.2 compared to 50 last month. On October 1st initial claims for the week ending 9/26 will be released expected at -525k compared to -530k last week. August personal income and consumption will also be released on October 1st expected at 0.1% and 1% respectively. August construction spending, September ISM index and pending home sales index will also be released along with September domestic auto sales on October 1st. Construction spending is expected unchanged at -0.2%, the ISM index is expected 54 compared to 52.9 last month, pending home sales are expected at 99.1 compared to 97.6 in July. On October 2nd September unemployment will be released expected 9.8% compared to 9.7% with nonfarm payrolls at -188k compared to -216k last month. August factory orders will also be released on October 2nd expected at 1.1% compared to 1.3% last month.

JPY

JPY drifted lower pressured by a statement from Japan's Finance Minister Fujii that he won't rule out intervention and by report of a decline in August CPI. Since Japan's new government came to power at the end of August there have been numerous and conflicting statements from Japanese officials about JPY intervention policy. The previous Japanese government had relied on a weak JPY policy to help support Japan's export competitiveness. The new Japanese government plans to shift Japan's dependence on export led growth to domestic. This transition would require less of a need for a weak JPY. Investors sensing that Japan was abandoning weak JPY and JPY intervention policy have rallied the JPY to an eight-month high versus USD. Tuesday Japan's Finance Minister Fujii tried to slow the rate of the JPY rally with his statement that the Japanese government will take action if FX moves of abnormal. Fujii went on to say that Japan should support USD reserve status. We suspect that Japan will be more concerned about the pace of the JPY rally as opposed to specific price level. If the JPY were to continue the rapid rise it would likely increase the odds of rhetorical intervention or possible physical intervention. Because of the shift in focus by Japan's government to domestic led growth any intervention in Forex markets from Japan would likely be limited to smoothing operations to slow the pace of the JPY rise. Japan's August core CPI fell 2.4%. The decline in the CPI was in line with expectations but the CPI report may revive concerns about deflation in Japan. Because the threat of aggressive intervention by Japan to try to weaken the JPY has been greatly diminished investors will likely continue to use intervention inspired breaks in the JPY as a buying opportunity. The timing of today's statements by Fuji on Japanese intervention appeared to coincide with the USD/JPY decline below 90.00. This could be a sign that Japanese officials would like the JPY to stabilize at this level.

On September 30th August industrial output will be released expected at 1.9% compared to 2.1% last month. Housing starts and construction orders for August will also be released on September 30th. Housing starts are expected to fall 0.8% compared -0.4% last month. Construction orders are expected to fall by 24.5% compared to -42.8% last month. On October 1st the September Tankan Index will be released expected at -35 compared to

-48 last quarter with CAPEX spending expected at -11%. August retail sales will also be released on October 1st expected at 0.4% compared to -0.2% in July. On October 2nd August unemployment and household spending will be released. The unemployment rate is expected to rise to 5.8% from 5.7% and household spending is expected to rise by .3% compared to a 1.3% decline last month.

Key technical levels to watch in USD/JPY include support at 88.24 the September 28th low with resistance at 91.63 the September 24th high.

EUR

EUR traded lower pressured by report that the Russian central bank cut interest rates, selling in cross trade to the GBP and in reaction to a statement from ECB President Trichet that he supports a strong USD. The Russian central bank lowered interest rates to 10% from 10.5%. The rate cut is seen as a sign that more work needs to be done to boost the Russian recovery. The Russian recovery outlook may have implications for the recovery outlook in Europe. EUR was also pressured by report that Russia says it will maintain its current share of US reserves of around 30% and does not plan to diversify into AUD or CAD because of liquidity concern. EUR decline in cross trade to the GBP reflects today's report of much better than expected UK CBI retail sales for September and mixed EU economic data. EU September economic sentiment improved 82.8 from 80.8 last month, September industry sentiment improved -24 from -25 and consumer sentiment improved -19 from -22. EUR was also pressured by ECB President Trichet's statement before the European Parliament that he EU growth outlook is surrounded by uncertainty and recovery will come at a gradual pace. Trichet went on to say that interest rates are appropriate and that the ECB will not exit monetary support measures until inflation risks emerge. Monday German CPI was reported to have contracted by 0.4%. The German CPI report confirms limited near-term risk of inflation pressure. Trichet's comments are seen as dovish and dampening the risk of a near-term ECB rate hike. Monday ECB's Nowotny said EU recession is over but growth will remain sluggish and there is no need to raise rates anytime soon. He went onto say that inflation price growth will remain below the ECB's 2% target for the next two years. The ECB has tied its exit strategy to inflation risk and price stability. Diminished ECB rate hike threat may limit demand for the EUR. The failure to hold rallies above 1.4600 points to further downside risk for the EUR.

On September 30th German unemployment rate will be released expected at 8.4% compared to 8.3% last month. On October 2nd EU PPI will be released expected at -0.6% compared to -0.8% last month.

The technical outlook for the EUR is mixed as EUR fails to hold last weeks rally above 1.4700. Expect EUR support at 1.4515 the September 14th low with resistance at 1.4748 the September 25th high.

GBP

GBP traded higher versus the USD and rebounded in cross trade supported by report of much better than expected CBI retail sales for September. UK September CBI retail sales rose to +3 from -16 last month. The rise in CBI sales suggests that the UK recession may be ending. Today's other UK economic reports were mixed with mortgage approvals above expectation and consumer spending below expectation. August mortgage approvals rose by 52.3k, the trade was looking for rise of 51.5k and consumer credit declined for the second month in a row to -0.309bln from -0.203bln last month. M4 money supply rose 0.1% and final Q2 GDP was -0.6%. The GDP decline was less than expected. These reports follow Monday's report that UK house prices rose at the fastest pace in two years. Monday, GBP was pressured by speculation that the BOE is considering lowering its remuneration rate for commercial banks. Today's GBP recovery may be short-lived because of speculation that BOE may need to take additional measures to try to reduce tight credit market conditions. Tight credit markets conditions are seen as a continued threat to the UK recovery. GBP gave back 2/3 of the overseas gains after the release of weaker than expected US consumer confidence.

On September 30th September GFK survey will be released expected at -20 compared to -25 last month. On October 1st September CIPS PMI manufacturing index will be released expected at 50.2 compared to 49.7 last month.

The technical outlook for GBP is negative as GBP trades below 1.6000. Expect near-term support at 1.5770 the September 28ht low with resistance at 1.6140.

CAD

CAD traded lower pressured by concern about the global recovery and threat of intervention. Today's surprise Russian rate cut, weaker oil prices and weaker than expected US consumer confidence sparked concern about the strength of the global recovery. Tuesday BOC Governor Carney warned that recovery may be at risk when the stimulus runs out and he repeated his warning that strong CAD could hurt growth and limit inflation. Carney's comments suggest that the Canadian recovery may be fragile. Last week Canada's PM Harper said the Canadian economic recovery remains extremely fragile and he is concerned that the weak labor market will weigh on economic activity. Last week the BOC reaffirmed its commitment to keep interest rates at their current level through mid-2010. CAD traded to the day's lows after the release of an unexpected drop in US September consumer confidence and hawkish comments form the Feds Fischer. The drop in US consumer confidence generates concern about US economic recovery. Fischer said that when the Fed tightens the Fed will move with equal speed and intensity as it pursued with monetary accommodation. No major Canadian economic data was released in today's trade. CAD will continue to track the direction of equity and oil markets. Focus turns to this week's release of Canada's producer prices and GDP.

This week's Canadian economic calendar includes the September 30 release of August IPPI and RMPI.IPPI is expected to fall by 0.1% compared to -0.5% last month and RMPI is expected at -2% compared to-3.8% last month. July GDP will also be released on the 30th expected at 0.1%.

The technical outlook for CAD is negative as USD/CAD trades above 1.0900. Look for near-term support at 1.0794 the September 29th low with resistance at 1.1075 the September 3rd high.

AUD

AUD traded mixed initially supported by RBA rate hike speculation with early gains erased by weaker US equity market trade and hawkish comments from the Feds Fischer. The RBA's Richard warned of the risk of a housing bubble and said that interest rates cannot stay low indefinitely. Richard's comments echo comments made by RBA governor Stevens on Monday. Stevens repeated his previous statement that interest rates will eventually need to rise and inflation target would be the guide for future rate adjustments. Stevens is not sure if interest rates will be hiked before the jobless rate peaks. RBA watcher McCrann said expects the RBA to hike rates in November or December. AUD turned lower in US session after the release of an unexpected decline in US September consumer confidence and comments from the Feds Fischer. The decline in US consumer confidence sparked selling of equities and generates concern that the US economic recovery will be fragile. Fischer said that the Fed will hike rates as quickly and is intensely as they pursued accommodative policy when the time comes to exit quantitative ease. AUD price direction will continue to track risk sentiment and the outlook for the global economy. AUD traded at a one year high last week of 8778 supported by RBA rate hike speculation and improving optimism about the global recovery. AUD has not taken out the 8778 level. Failure to take on the 8778 level could signal a technical divergence and spark selling of the AUD.

This week's Australian economic calendar includes the September 30th release of August building approvals expected at 2% compared to -3.9% last month. August retail trade also be released on September 30th expected at 1% compared to -1% last month. On October 1st August trade balance will be released.

The technical outlook for the AUD is mixed as AUD trades below 8700. Expect AUD support at 8585 the September 21st low and 8528 the September 8th low with resistance at 8763 the September 29th high and 8820 the August 22nd 2008 high.

Market Data...................................................... Last Updated: Tuesday, 25 August, 2009, 03:44 GMT 04:44 UK

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Pound Sterling - Euro

GBP:EUR one month chart
Select time span for charts:

£1 buys

change

%

52 wk-h

52 wk-l

Euro
1.14730
0.00060
down
0.05
down 1.29170 1.02490


More currency pages
Click name to view chart (if available)
Asia Pacific

£1 buys

change

%

52 wk-h

52 wk-l

Japanese Yen 154.12000
1.14000
down
0.73
down 202.49000 122.45000
Australian Dollar 1.96210
0.00410
up
0.21
up 2.64870 1.95800
New Zealand Dollar 2.39410
0.00200
down
0.08
down 2.88150 2.39610
Hong Kong Dollar 12.71200
0.01300
down
0.10
down 14.46900 10.66250
Singapore Dollar 2.36710
0.00220
down
0.09
down 2.63520 2.07050
Taiwanese Dollar 53.97260
0.06960
up
0.13
up 59.37690 46.49380
Thai Baht 55.83630
0.02030
down
0.04
down 63.19350 48.15480
Malaysian Ringgit 5.76920
0.00580
up
0.10
up 6.34540 5.00100
Indonesian Rupiah 16426.87230
18.76240
up
0.11
up 18790.59670 15523.84320
South Korean Won 2046.59170
9.16260
up
0.45
up 2413.70360 1815.54630

South Asia

£1 buys

change

%

52 wk-h

52 wk-l

Indian Rupee 80.08370
0.42350
up
0.53
up 85.85490 67.70440
Bangladeshi Taka 113.42000
0.22000
up
0.19
up 127.19500 93.89900
Pakistani Rupee 135.75590
0.15710
up
0.12
up 144.65460 109.04330
Sri Lankan Rupee 188.40950
0.85300
up
0.45
up 199.97220 157.28770

Europe / Africa / Middle East

£1 buys

change

%

52 wk-h

52 wk-l

Euro 1.14730
0.00060
down
0.05
down 1.29170 1.02490
Danish Kroner 8.53800
0.00600
down
0.07
down 9.63700 7.63900
Israeli Shekel 6.23080
0.00410
down
0.07
down 6.62420 5.42320
Norwegian Kroner 9.85450
0.00900
down
0.09
down 11.75250 9.14530
Saudi Arabian Riyal 6.15270
0.00400
down
0.07
down 6.95480 5.15630
South African Rand 12.87840
0.05490
up
0.43
up 19.02400 12.45400
Swedish Kronor 11.59500
0.01400
up
0.12
up 13.14900 11.17600
Swiss Franc 1.74070
0.00210
down
0.12
down 2.03090 1.52690
Turkish Lira 2.45800
0.00060
down
0.03
down 2.75550 2.13530

Americas

£1 buys

change

%

52 wk-h

52 wk-l

United States Dollar 1.64080
0.00100
down
0.06
down 1.85460 1.37500
Canadian Dollar 1.76670
0.00090
down
0.05
down 2.05460 1.69790
Mexican Peso 21.19020
0.04840
down
0.23
down 22.89080 18.45700
Brazilian Real 3.02270
0.00700
up
0.23
up 4.03470 2.96060

Market Data.............................................

Last Updated: Tuesday, 25 August, 2009, 03:44 GMT 04:44 UK

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Pound Sterling - United States Dollar

GBP:USD one month chart
Select time span for charts:

£1 buys

change

%

52 wk-h

52 wk-l

US Dollar
1.64080
0.00100
down
0.06
down 1.85460 1.37500


More currency pages
Click name to view chart (if available)
Asia Pacific

£1 buys

change

%

52 wk-h

52 wk-l

Japanese Yen 154.12000
1.14000
down
0.73
down 202.49000 122.45000
Australian Dollar 1.96210
0.00410
up
0.21
up 2.64870 1.95800
New Zealand Dollar 2.39410
0.00200
down
0.08
down 2.88150 2.39610
Hong Kong Dollar 12.71200
0.01300
down
0.10
down 14.46900 10.66250
Singapore Dollar 2.36710
0.00220
down
0.09
down 2.63520 2.07050
Taiwanese Dollar 53.97260
0.06960
up
0.13
up 59.37690 46.49380
Thai Baht 55.83630
0.02030
down
0.04
down 63.19350 48.15480
Malaysian Ringgit 5.76920
0.00580
up
0.10
up 6.34540 5.00100
Indonesian Rupiah 16426.87230
18.76240
up
0.11
up 18790.59670 15523.84320
South Korean Won 2046.59170
9.16260
up
0.45
up 2413.70360 1815.54630

South Asia

£1 buys

change

%

52 wk-h

52 wk-l

Indian Rupee 80.08370
0.42350
up
0.53
up 85.85490 67.70440
Bangladeshi Taka 113.42000
0.22000
up
0.19
up 127.19500 93.89900
Pakistani Rupee 135.75590
0.15710
up
0.12
up 144.65460 109.04330
Sri Lankan Rupee 188.40950
0.85300
up
0.45
up 199.97220 157.28770

Europe / Africa / Middle East

£1 buys

change

%

52 wk-h

52 wk-l

Euro 1.14730
0.00060
down
0.05
down 1.29170 1.02490
Danish Kroner 8.53800
0.00600
down
0.07
down 9.63700 7.63900
Israeli Shekel 6.23080
0.00410
down
0.07
down 6.62420 5.42320
Norwegian Kroner 9.85450
0.00900
down
0.09
down 11.75250 9.14530
Saudi Arabian Riyal 6.15270
0.00400
down
0.07
down 6.95480 5.15630
South African Rand 12.87840
0.05490
up
0.43
up 19.02400 12.45400
Swedish Kronor 11.59500
0.01400
up
0.12
up 13.14900 11.17600
Swiss Franc 1.74070
0.00210
down
0.12
down 2.03090 1.52690
Turkish Lira 2.45800
0.00060
down
0.03
down 2.75550 2.13530

Americas

£1 buys

change

%

52 wk-h

52 wk-l

United States Dollar 1.64080
0.00100
down
0.06
down 1.85460 1.37500
Canadian Dollar 1.76670
0.00090
down
0.05
down 2.05460 1.69790
Mexican Peso 21.19020
0.04840
down
0.23
down 22.89080 18.45700
Brazilian Real 3.02270
0.00700
up
0.23
up 4.03470 2.96060

Market Data..................................................... Last Updated: Saturday, 22 August, 2009, 06:34 GMT 07:34 UK

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Pound Sterling - Euro

GBP:EUR one month chart
Select time span for charts:

£1 buys

change

%

52 wk-h

52 wk-l

Euro
1.15220
0.00070
up
0.06
up 1.29170 1.02490


More currency pages
Click name to view chart (if available)
Asia Pacific

£1 buys

change

%

52 wk-h

52 wk-l

Japanese Yen 155.82000
0.10000
up
0.06
up 203.86000 122.45000
Australian Dollar 1.97840
0.00060
up
0.03
up 2.64870 1.96650
New Zealand Dollar 2.41840
0.00040
down
0.02
down 2.88150 2.41880
Hong Kong Dollar 12.79000
0.00200
down
0.02
down 14.66300 10.66250
Singapore Dollar 2.37610
0.00000

0.00
2.63810 2.07050
Taiwanese Dollar 54.24630
0.00750
up
0.01
up 59.37690 46.49380
Thai Baht 56.12570
0.02580
down
0.05
down 63.19350 48.15480
Malaysian Ringgit 5.81400
0.01710
up
0.30
up 6.34540 5.00100
Indonesian Rupiah 16513.48900
2.72530
down
0.02
down 18790.59670 15523.84320
South Korean Won 2053.04840
0.75140
down
0.04
down 2413.70360 1815.54630

South Asia

£1 buys

change

%

52 wk-h

52 wk-l

Indian Rupee 79.98510
0.07920
down
0.10
down 85.85490 67.70440
Bangladeshi Taka 113.70000
0.09000
down
0.08
down 128.94500 93.89900
Pakistani Rupee 136.83690
0.02260
down
0.02
down 144.65460 109.04330
Sri Lankan Rupee 189.50580
0.03130
down
0.02
down 199.97220 157.28770

Europe / Africa / Middle East

£1 buys

change

%

52 wk-h

52 wk-l

Euro 1.15220
0.00070
up
0.06
up 1.29170 1.02490
Danish Kroner 8.57700
0.00600
up
0.07
up 9.63700 7.63900
Israeli Shekel 6.27340
0.00270
down
0.04
down 6.62420 5.42320
Norwegian Kroner 9.90550
0.01200
up
0.12
up 11.75250 9.14530
Saudi Arabian Riyal 6.18830
0.00100
down
0.02
down 6.95480 5.15630
South African Rand 12.90160
0.01260
up
0.10
up 19.02400 12.45400
Swedish Kronor 11.60700
0.00500
down
0.04
down 13.14900 11.17600
Swiss Franc 1.74690
0.00110
up
0.06
up 2.04050 1.52690
Turkish Lira 2.44950
0.00170
down
0.07
down 2.75550 2.13530

Americas

£1 buys

change

%

52 wk-h

52 wk-l

United States Dollar 1.65010
0.00090
down
0.05
down 1.87830 1.37500
Canadian Dollar 1.78490
0.00010
down
0.01
down 2.05460 1.69790
Mexican Peso 21.17400
0.00350
down
0.02
down 22.89080 18.45700
Brazilian Real 3.01920
0.00410
down
0.14
down 4.03470 2.96060


All market data carried by BBC News is provided by DigitalLook.com. The data is for your general information and enjoys indicative status only. Neither the BBC nor Digital Look accept any responsibility for their accuracy or for any use to which they may be put. All share prices and market indexes delayed at least 15 minutes. 52 week high and low values are calculated from close price data.

Market Data..................................................... Last Updated: Saturday, 22 August, 2009, 06:34 GMT 07:34 UK

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Pound Sterling - Euro

GBP:EUR one month chart
Select time span for charts:

£1 buys

change

%

52 wk-h

52 wk-l

Euro
1.15220
0.00070
up
0.06
up 1.29170 1.02490


More currency pages
Click name to view chart (if available)
Asia Pacific

£1 buys

change

%

52 wk-h

52 wk-l

Japanese Yen 155.82000
0.10000
up
0.06
up 203.86000 122.45000
Australian Dollar 1.97840
0.00060
up
0.03
up 2.64870 1.96650
New Zealand Dollar 2.41840
0.00040
down
0.02
down 2.88150 2.41880
Hong Kong Dollar 12.79000
0.00200
down
0.02
down 14.66300 10.66250
Singapore Dollar 2.37610
0.00000

0.00
2.63810 2.07050
Taiwanese Dollar 54.24630
0.00750
up
0.01
up 59.37690 46.49380
Thai Baht 56.12570
0.02580
down
0.05
down 63.19350 48.15480
Malaysian Ringgit 5.81400
0.01710
up
0.30
up 6.34540 5.00100
Indonesian Rupiah 16513.48900
2.72530
down
0.02
down 18790.59670 15523.84320
South Korean Won 2053.04840
0.75140
down
0.04
down 2413.70360 1815.54630

South Asia

£1 buys

change

%

52 wk-h

52 wk-l

Indian Rupee 79.98510
0.07920
down
0.10
down 85.85490 67.70440
Bangladeshi Taka 113.70000
0.09000
down
0.08
down 128.94500 93.89900
Pakistani Rupee 136.83690
0.02260
down
0.02
down 144.65460 109.04330
Sri Lankan Rupee 189.50580
0.03130
down
0.02
down 199.97220 157.28770

Europe / Africa / Middle East

£1 buys

change

%

52 wk-h

52 wk-l

Euro 1.15220
0.00070
up
0.06
up 1.29170 1.02490
Danish Kroner 8.57700
0.00600
up
0.07
up 9.63700 7.63900
Israeli Shekel 6.27340
0.00270
down
0.04
down 6.62420 5.42320
Norwegian Kroner 9.90550
0.01200
up
0.12
up 11.75250 9.14530
Saudi Arabian Riyal 6.18830
0.00100
down
0.02
down 6.95480 5.15630
South African Rand 12.90160
0.01260
up
0.10
up 19.02400 12.45400
Swedish Kronor 11.60700
0.00500
down
0.04
down 13.14900 11.17600
Swiss Franc 1.74690
0.00110
up
0.06
up 2.04050 1.52690
Turkish Lira 2.44950
0.00170
down
0.07
down 2.75550 2.13530

Americas

£1 buys

change

%

52 wk-h

52 wk-l

United States Dollar 1.65010
0.00090
down
0.05
down 1.87830 1.37500
Canadian Dollar 1.78490
0.00010
down
0.01
down 2.05460 1.69790
Mexican Peso 21.17400
0.00350
down
0.02
down 22.89080 18.45700
Brazilian Real 3.01920
0.00410
down
0.14
down 4.03470 2.96060


All market data carried by BBC News is provided by DigitalLook.com. The data is for your general information and enjoys indicative status only. Neither the BBC nor Digital Look accept any responsibility for their accuracy or for any use to which they may be put. All share prices and market indexes delayed at least 15 minutes. 52 week high and low values are calculated from close price data.

Market Data. .........................................................

Last Updated: Saturday, 22 August, 2009, 06:34 GMT 07:34 UK

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Pound Sterling - United States Dollar

GBP:USD one month chart
Select time span for charts:

£1 buys

change

%

52 wk-h

52 wk-l

US Dollar
1.65010
0.00090
down
0.05
down 1.87830 1.37500


More currency pages
Click name to view chart (if available)
Asia Pacific

£1 buys

change

%

52 wk-h

52 wk-l

Japanese Yen 155.82000
0.10000
up
0.06
up 203.86000 122.45000
Australian Dollar 1.97840
0.00060
up
0.03
up 2.64870 1.96650
New Zealand Dollar 2.41840
0.00040
down
0.02
down 2.88150 2.41880
Hong Kong Dollar 12.79000
0.00200
down
0.02
down 14.66300 10.66250
Singapore Dollar 2.37610
0.00000

0.00
2.63810 2.07050
Taiwanese Dollar 54.24630
0.00750
up
0.01
up 59.37690 46.49380
Thai Baht 56.12570
0.02580
down
0.05
down 63.19350 48.15480
Malaysian Ringgit 5.81400
0.01710
up
0.30
up 6.34540 5.00100
Indonesian Rupiah 16513.48900
2.72530
down
0.02
down 18790.59670 15523.84320
South Korean Won 2053.04840
0.75140
down
0.04
down 2413.70360 1815.54630

South Asia

£1 buys

change

%

52 wk-h

52 wk-l

Indian Rupee 79.98510
0.07920
down
0.10
down 85.85490 67.70440
Bangladeshi Taka 113.70000
0.09000
down
0.08
down 128.94500 93.89900
Pakistani Rupee 136.83690
0.02260
down
0.02
down 144.65460 109.04330
Sri Lankan Rupee 189.50580
0.03130
down
0.02
down 199.97220 157.28770

Europe / Africa / Middle East

£1 buys

change

%

52 wk-h

52 wk-l

Euro 1.15220
0.00070
up
0.06
up 1.29170 1.02490
Danish Kroner 8.57700
0.00600
up
0.07
up 9.63700 7.63900
Israeli Shekel 6.27340
0.00270
down
0.04
down 6.62420 5.42320
Norwegian Kroner 9.90550
0.01200
up
0.12
up 11.75250 9.14530
Saudi Arabian Riyal 6.18830
0.00100
down
0.02
down 6.95480 5.15630
South African Rand 12.90160
0.01260
up
0.10
up 19.02400 12.45400
Swedish Kronor 11.60700
0.00500
down
0.04
down 13.14900 11.17600
Swiss Franc 1.74690
0.00110
up
0.06
up 2.04050 1.52690
Turkish Lira 2.44950
0.00170
down
0.07
down 2.75550 2.13530

Americas

£1 buys

change

%

52 wk-h

52 wk-l

United States Dollar 1.65010
0.00090
down
0.05
down 1.87830 1.37500
Canadian Dollar 1.78490
0.00010
down
0.01
down 2.05460 1.69790
Mexican Peso 21.17400
0.00350
down
0.02
down 22.89080 18.45700
Brazilian Real 3.01920
0.00410
down
0.14
down 4.03470 2.96060


All market data carried by BBC News is provided by DigitalLook.com. The data is for your general information and enjoys indicative status only. Neither the BBC nor Digital Look accept any responsibility for their accuracy or for any use to which they may be put. All share prices and market indexes delayed at least 15 minutes. 52 week high and low values are calculated from close price data

Market Data.....................................................

Last Updated: Friday, 21 August, 2009, 08:05 GMT 09:05 UK

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Pound Sterling - Euro

GBP:EUR one month chart
Select time span for charts:

£1 buys

change

%

52 wk-h

52 wk-l

Euro
1.15450
0.00370
down
0.32
down 1.29170 1.02490


More currency pages
Click name to view chart (if available)
Asia Pacific

£1 buys

change

%

52 wk-h

52 wk-l

Japanese Yen 154.87000
0.64000
down
0.41
down 204.65000 122.45000
Australian Dollar 1.98820
0.00300
up
0.15
up 2.64870 1.96650
New Zealand Dollar 2.43960
0.00200
up
0.08
up 2.88150 2.43360
Hong Kong Dollar 12.78600
0.01200
down
0.09
down 14.66300 10.66250
Singapore Dollar 2.37770
0.00030
down
0.01
down 2.63810 2.07050
Taiwanese Dollar 54.27700
0.13730
down
0.25
down 59.37690 46.49380
Thai Baht 56.14120
0.03810
down
0.07
down 63.76440 48.15480
Malaysian Ringgit 5.81580
0.01320
down
0.23
down 6.34540 5.00100
Indonesian Rupiah 16552.00860
33.47790
down
0.20
down 18790.59670 15523.84320
South Korean Won 2056.83410
0.91070
up
0.04
up 2413.70360 1815.54630

South Asia

£1 buys

change

%

52 wk-h

52 wk-l

Indian Rupee 80.29370
0.14010
up
0.17
up 85.85490 67.70440
Bangladeshi Taka 113.74000
0.10000
down
0.09
down 128.94500 93.89900
Pakistani Rupee 136.56690
0.18450
up
0.14
up 144.65460 109.04330
Sri Lankan Rupee 189.47460
0.96630
up
0.51
up 202.40440 157.28770

Europe / Africa / Middle East

£1 buys

change

%

52 wk-h

52 wk-l

Euro 1.15450
0.00370
down
0.32
down 1.29170 1.02490
Danish Kroner 8.59300
0.02700
down
0.31
down 9.63700 7.63900
Israeli Shekel 6.29710
0.00190
down
0.03
down 6.62420 5.42320
Norwegian Kroner 9.91050
0.01800
down
0.18
down 11.75250 9.14530
Saudi Arabian Riyal 6.18720
0.00510
down
0.08
down 7.04500 5.15630
South African Rand 12.97570
0.06880
down
0.53
down 19.02400 12.45400
Swedish Kronor 11.75900
0.04100
down
0.35
down 13.14900 11.17600
Swiss Franc 1.74800
0.00670
down
0.38
down 2.04690 1.52690
Turkish Lira 2.45900
0.00480
down
0.20
down 2.75550 2.13530

Americas

£1 buys

change

%

52 wk-h

52 wk-l

United States Dollar 1.65030
0.00030
down
0.02
down 1.87830 1.37500
Canadian Dollar 1.79230
0.00360
down
0.20
down 2.05460 1.69790
Mexican Peso 21.22490
0.05050
down
0.24
down 22.89080 18.45700
Brazilian Real 3.04130
0.00330
down
0.11
down 4.03470 2.96060


All market data carried by BBC News is provided by DigitalLook.com. The data is for your general information and enjoys indicative status only. Neither the BBC nor Digital Look accept any responsibility for their accuracy or for any use to which they may be put. All share prices and market indexes delayed at least 15 minutes. 52 week high and low values are calculated from close price data.

Market Data.......................................

Last Updated: Friday, 21 August, 2009, 08:02 GMT 09:02 UK

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Pound Sterling - United States Dollar

GBP:USD one month chart
Select time span for charts:

£1 buys

change

%

52 wk-h

52 wk-l

US Dollar
1.65030
0.00030
down
0.02
down 1.87830 1.37500


More currency pages
Click name to view chart (if available)
Asia Pacific

£1 buys

change

%

52 wk-h

52 wk-l

Japanese Yen 154.87000
0.64000
down
0.41
down 204.65000 122.45000
Australian Dollar 1.98820
0.00300
up
0.15
up 2.64870 1.96650
New Zealand Dollar 2.43960
0.00200
up
0.08
up 2.88150 2.43360
Hong Kong Dollar 12.78600
0.01200
down
0.09
down 14.66300 10.66250
Singapore Dollar 2.37770
0.00030
down
0.01
down 2.63810 2.07050
Taiwanese Dollar 54.27700
0.13730
down
0.25
down 59.37690 46.49380
Thai Baht 56.14120
0.03810
down
0.07
down 63.76440 48.15480
Malaysian Ringgit 5.81580
0.01320
down
0.23
down 6.34540 5.00100
Indonesian Rupiah 16552.00860
33.47790
down
0.20
down 18790.59670 15523.84320
South Korean Won 2056.83410
0.91070
up
0.04
up 2413.70360 1815.54630

South Asia

£1 buys

change

%

52 wk-h

52 wk-l

Indian Rupee 80.29370
0.14010
up
0.17
up 85.85490 67.70440
Bangladeshi Taka 113.74000
0.10000
down
0.09
down 128.94500 93.89900
Pakistani Rupee 136.56690
0.18450
up
0.14
up 144.65460 109.04330
Sri Lankan Rupee 189.47460
0.96630
up
0.51
up 202.40440 157.28770

Europe / Africa / Middle East

£1 buys

change

%

52 wk-h

52 wk-l

Euro 1.15450
0.00370
down
0.32
down 1.29170 1.02490
Danish Kroner 8.59300
0.02700
down
0.31
down 9.63700 7.63900
Israeli Shekel 6.29710
0.00190
down
0.03
down 6.62420 5.42320
Norwegian Kroner 9.91050
0.01800
down
0.18
down 11.75250 9.14530
Saudi Arabian Riyal 6.18720
0.00510
down
0.08
down 7.04500 5.15630
South African Rand 12.97130
0.07320
down
0.56
down 19.02400 12.45400
Swedish Kronor 11.75900
0.04100
down
0.35
down 13.14900 11.17600
Swiss Franc 1.74800
0.00670
down
0.38
down 2.04690 1.52690
Turkish Lira 2.45900
0.00480
down
0.20
down 2.75550 2.13530

Americas

£1 buys

change

%

52 wk-h

52 wk-l

United States Dollar 1.65030
0.00030
down
0.02
down 1.87830 1.37500
Canadian Dollar 1.79230
0.00360
down
0.20
down 2.05460 1.69790
Mexican Peso 21.22490
0.05050
down
0.24
down 22.89080 18.45700
Brazilian Real 3.04130
0.00330
down
0.11
down 4.03470 2.96060


All market data carried by BBC News is provided by DigitalLook.com. The data is for your general information and enjoys indicative status only. Neither the BBC nor Digital Look accept any responsibility for their accuracy or for any use to which they may be put. All share prices and market indexes delayed at least 15 minutes. 52 week high and low values are calculated from close price data

EUR/GBP - Euro British Pound.................................................

Short term (Intraday)
0,8624. EUR GBP moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility decreases. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The price should continue to move in Bollinger bands.
We won't take a position. There is no trade configuration.

Resistances
0,8645 - 0,8655
Supports
0,8610 - 0,8575
Long term chart
EUR/GBP - Euro British Pound

updated 18 août 2009 05:19 GMT

You should join us in the forex chat room to discuss about intraday opportunity with traders

Forex: EUR/USD ends week in negative despite the rally in stocks.........................................

FXstreet.com (Córdoba) – EUR/USD plunged on Friday. The Dollar followed the rally in Wall Street and rose constantly against the Euro, extending gains during the American session. The pair lost the gains that carried since Monday and finished the week in negative for the first time since June. EUR/USD failed to break above multi-month high at 1.4445 and weakened. The unemployment report boosted the Greenback and the pair tumbled from 1.4360 to 1.4160. From there rebounded but found resistance at 1.4200.

The Euro rose against the Swiss Franc. EUR/CHF broke above 1.5325 and jumped to 1.5355 posting the highest price since June 25. The pair ended the week above 1.5300 for the first time since March.

Forex Technical Update..................................

Rupee : Rupee is expected to move close to 48.30 levels (slight weak) in case dollar maintains momentum in international market like Friday. We would consider it has an opportunity to initiate short dollar positions.The Indian stocks has been falling from the last 2 trading sessions. Only and Only if the dollar momentum continues and Indian stocks sell off pushes rupee above 48.60 we would consider medium term weakness otherwise rupee maintains stronger bias.(USD/INR : 47.78)

Euro : Euro broke the support of 1.42 levels on Friday despite better payroll data. We maintain bullishness only and only if 1.42 above stays otherwise we could see corrections till 1.4007 levels. Wait for the confirmations today to initiate positions.(EUR/USD 1.4198)

Cable : Cable showed both sides move post non farm payroll ending the US Session on a weaker note close to 1.6660 levels. It has shown a shooting star bearish pattern taking resistance from the 100 day Weekly resistance at around 1.7060 levels. It needs to remain above 1.6750 to maintain bullishness in the pair. Current bias shifts to neutral since 1.6732 has been broken to the downside. Expect corrections till 1.65 levels incase it is unable to stay above 1.6750. (GBP/USD 1.6711) .

Yen: Yen broke the weekly trendline of 95.40 after a long phase of consolidation . Expect the levels to act as an important support now and target 99 levels in medium term. (USD/JPY 97.20).

Aud : Aud has been maintaining a stronger bias from the last few sessions.We have not witnessed huge corrections in commodity prices despite dollar buying on Friday.It is bullish until we see a break below 0.7950.(AUD/USD -0.8384).

Dollar Index : The Dollar Index (basket against 6 currencies with EUR accounting for 57% of the basket) rebounded close to 77 levels. Expect retracement till 79.50 levels.Closing above 82 levels would change the bias of the index. (Dollar Index - 78.80).


DISCLAIMER

These views/ forecasts/ suggestions, though proferred with the best of intentions, are based on our reading of the market at the time of writing. They are subject to change without notice.Though the information sources are believed to be reliable, the information is not guaranteed for accuracy. Those acting in the market on the basis of these are themselves responsible for any profits or losses that might occur, without recourse to us. World financial markets, and especially the Foreign Exchange markets, are inherently risky and it is assumed that those who trade these markets are fully aware of the risk of real loss involved.

FOREIGN EXCHANGE RATES LIVE....................

Currencies at a glance

The main resources for your trading pair one click away!
Majors
EUR/USD USD/CHF GBP/USD USD/JPY
EUR/USD (Aug 18 at 05:16 GMT)
1.4103/05 (0.23%)
H 1.4133 L 1.4063
S3 S2 S1 R1 R2 R3
1.4023 1.4058 1.4094 1.4108 1.4144 1.4179
[?]Trend Index [?]OB/OS Index
Neutral Neutral
Data updated on Aug 18 at 05:10 (15-minute timeframe)
[ View EUR/USD technical studies ]
G7 Crosses
EUR/GBP EUR/JPY EUR/CAD EUR/CHF
GBP/JPY GBP/CAD GBP/CHF CAD/JPY
CHF/JPY USD/CAD CAD/CHF
Pacific Crosses
AUD/USD NZD/USD AUD/JPY NZD/JPY
Exotic Crosses
USD/MXN USD/BRL USD/CNY USD/SGD
USD/HKD USD/KRW USD/INR USD/ZAR
Nordic Crosses
EUR/SEK USD/SEK EUR/NOK USD/NOK
Eastern Crosses
USD/RUB USD/CZK USD/PLN

Market Data....................

Last Updated: Monday, 17 August, 2009, 02:31 GMT 03:31 UK

Search company or market
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Pound Sterling - Euro

GBP:EUR one month chart
Select time span for charts:

£1 buys

change

%

52 wk-h

52 wk-l

Euro
1.16270
0.00210
down
0.18
down 1.29170 1.02490


More currency pages
Click name to view chart (if available)
Asia Pacific

£1 buys

change

%

52 wk-h

52 wk-l

Japanese Yen 155.71000
1.28000
down
0.82
down 206.14000 122.45000
Australian Dollar 1.99630
0.00760
up
0.38
up 2.64870 1.96650
New Zealand Dollar 2.45360
0.00960
up
0.39
up 2.88150 2.43360
Hong Kong Dollar 12.75700
0.06600
down
0.51
down 14.66300 10.66250
Singapore Dollar 2.38150
0.00660
down
0.28
down 2.64590 2.07050
Taiwanese Dollar 54.23990
0.28830
down
0.53
down 59.37690 46.49380
Thai Baht 56.04580
0.25230
down
0.45
down 63.76440 48.15480
Malaysian Ringgit 5.82420
0.00840
up
0.14
up 6.34540 5.00100
Indonesian Rupiah 16347.02440
78.41590
down
0.48
down 18790.59670 15523.84320
South Korean Won 2055.31320
4.69710
up
0.23
up 2413.70360 1815.54630

South Asia

£1 buys

change

%

52 wk-h

52 wk-l

Indian Rupee 79.06000
0.66040
down
0.83
down 85.85490 67.70440
Bangladeshi Taka 113.08000
0.49000
down
0.43
down 128.94500 93.89900
Pakistani Rupee 135.79720
0.68450
down
0.50
down 144.65460 109.04330
Sri Lankan Rupee 189.11020
1.11390
down
0.59
down 202.40440 157.28770

Europe / Africa / Middle East

£1 buys

change

%

52 wk-h

52 wk-l

Euro 1.16270
0.00210
down
0.18
down 1.29170 1.02490
Danish Kroner 8.65500
0.01500
down
0.17
down 9.63700 7.63900
Israeli Shekel 6.25240
0.02340
down
0.37
down 6.67410 5.42320
Norwegian Kroner 10.05550
0.00000

0.00
11.75250 9.14530
Saudi Arabian Riyal 6.17400
0.02960
down
0.48
down 7.04500 5.15630
South African Rand 13.38220
0.00450
up
0.03
up 19.02400 12.45400
Swedish Kronor 11.90900
0.00000

0.00
13.14900 11.17600
Swiss Franc 1.77020
0.00290
down
0.16
down 2.04690 1.52690
Turkish Lira 2.45680
0.00880
down
0.36
down 2.75550 2.13530

Americas

£1 buys

change

%

52 wk-h

52 wk-l

United States Dollar 1.64620
0.00800
down
0.48
down 1.87830 1.37500
Canadian Dollar 1.81710
0.00040
up
0.02
up 2.05460 1.69790
Mexican Peso 21.18280
0.06690
down
0.31
down 22.89080 18.45700
Brazilian Real 3.04550
0.01210
down
0.40
down 4.03470 2.96060

Sri Lanka Rupee................................................

Sri Lanka Rupee
....................................1 LKR
U.A.E. Dirham.....................0.031964
Argentine Peso....................0.027573
Australian Dollar.................0.010674
Bahrain Dinar.....................0.003273
Brunei Dollar.....................0.012568
Brazilian Real....................0.016567
Botswana Pula.....................0.059128
Canadian Dollar...................0.009631
Swiss Franc.......................0.009304
Chilean Peso......................4.635498
Chinese Yuan......................0.059454
Colombian Peso....................17.288595
Cyprus Pound......................0.003461
Czech Koruna......................0.158346
Danish Krone......................0.045666
Euro..............................0.006133
U.K. Pound Sterling...............0.005308
Hungarian Forint..................1.667279
Indonesian Rupiah.................87.602388
Israeli New Sheqel................0.033823
Indian Rupee......................0.420996
Iranian Rial......................86.305898
Icelandic Krona...................1.096315
Japanese Yen......................0.813796
Korean Won........................10.894812
Kuwaiti Dinar.....................0.002497
Sri Lanka Rupee...................1.000000
Libyan Dinar......................0.010789
Maltese Lira......................0.002538
Mauritian Rupee...................0.276688
Mexican Peso......................0.115584
Malaysian Ringgit.................0.030907
Norwegian Krone...................0.054709
Nepalese Rupee....................0.672885
New Zealand Dollar................0.013266
Omani Rial........................0.003347
Pakistan Rupee....................0.527992
Polish Zloty......................0.026190
Qatar Riyal.......................0.031681
Saudi Arabian Riyal...............0.032639
Swedish Krona.....................0.066366
Singapore Dollar..................0.012568
Slovenian Tolar...................1.585402
Thai Baht.........................0.296022
Trinidad and Tobago Dollar........0.054812
U.S. Dollar.......................0.008704
Venezuelan Bolivar................18.517196
South African Rand................0.067584

FOREX-Pound, euro rise vs dollar as risk aversion ebbs.....................

* Barclays profit forecast boosts sterling

* Euro rises with stocks, dollar up vs yen

* Euro, pound still pressured by bank sector concerns

* Sentiment remains fragile amid global growth concerns

(Updates prices, adds comment, changes dateline, byline)

By Steven C. Johnson

NEW YORK, Jan 26 (Reuters) - Sterling and the euro rose against the dollar on Monday, rebounding from last week's losses as European stock prices rose and British bank Barclays said it would report a pretax profit for 2008.

The slightly sunnier mood also lifted commodity currencies such as the Canadian dollar CAD= and nudged the U.S. dollar higher against the yen ahead of a Federal Reserve policy-setting meeting later this week.

But the British pound was still not far from a 23-year low against the greenback, and worries about the banking sector and the global economy kept investors cautious.

"The Barclays news was the first good news from the UK financial sector in a while and boosted the idea that maybe the UK is stepping back from the brink," said David Watt, senior currency strategist at RBC Capital Markets in Toronto.

"But sentiment is still quite shaky, and at the first sign of bad news, people are prepared to run for the hills again."

European shares were more than 1 percent on Monday, boosted by Dutch financial group ING (ING.AS), which said it would tap into government guarantees, and Barclays (BARC.L), which said it would not need new funding.

Early in New York, the dollar was up 0.3 percent at 89.09 yen JPY= while the euro rose 0.8 percent to 116.30 yen EURJPY=, well off a multiyear low near 112 yen last week.

The euro also changed hands at $1.3112 EUR=, up 0.9 percent, while sterling rose 0.7 percent to $1.3902 GBP=. Last week, it hit a 23-year low at $1.3502.

Earlier, sterling was pressured after Bank of England Monetary Policy Committee member David Blanchflower was quoted on Sunday as saying British interest rates still had a way to go if they were to follow the United States [ID:nLO542246].

Key US rates are now targeted in a range of zero to 0.25 percent. British rates are at 1.5 percent.

Polish Zloty Forecast (01 July 2009)..............................

What’s going on with the Polish Zloty (PLN)?

If you have a look at this graph showing the 2 year history for PLN against British Pounds (GBP) you can see that the zloty has considerably weakend over the last few months and has spent most of this year above the 5.0 mark:Polish Zloty exchange rate history

Those of you who have been living in Poland for a while will know that back in 2004 when Poland joined the European Union you could get up to 7 zloty to the pound. Since then the Polish economy has steadily been growing (at a faster rate than that of the UK) so it’s no surprise to see the trend since then has been for the zloty to strengthen. In fact the zloty strengthened to just over 4 zloty to the pound back in August 2008.

PLN Exchange Advice

Due to the general decline of the pound against the zloty since EU membership the traditional advice when needing to buy Polish Zloty has generally been to buy as soon as possible to get the best exchange rate, but this advice seems to have gone out of the window recently.

I talked to my personal currency broker Martin Fox from Currency Solutions about what is going on with the Polish zloty at the moment and why the exchange rate has been fluctuating so much. The article below is the result of what he had to say.

Polish Zloty Forecast

The Polish zloty remains weak against its major international currency partners as the economic forecast is distinctly downbeat. The Polish zloty has slumped 8.7% against the US dollar and 8.5% against the euro in 2009, displaying the worst performance of 16 emerging market economies tracked by Bloomberg.

The financial crisis has hit Poland hard through a combination of reduced foreign investment and the collapse of global trade. The European Commission expects the Polish budget deficit to widen to 6.6% of GDP this year, as opposed to 3.9% in 2008, well above the euro adoption threshold of 3%. Inflation rates are also running at 2.8%, above the euro threshold of 1.5%, prompting speculation that the downturn may set back Polish plans to adopt the euro until 2013.

For the Polish government, economic stabilization and containing debt levels remain a priority at present. Internationally, confidence in global recovery is growing but the financial situation remains fragile. This had led to a revival of safe haven trading recently and zloty has remained weak on the back of this.

This week economic industrial and consumer confidence in the eurozone has risen to levels not seen since November 2008, suggesting the eurozone may be beginning the slow road to economic recovery. However while economic uncertainty prevails, zloty is likely to take direction from wider market movements such as the appetite for risk and this could bring greater volatility and low trading ranges in the short term.

To get the best exchange rates for zloty currency transfer, timing and the right information are crucial. Currency Solutions provides excellent exchange rates and personal currency brokers to ensure you get the most for your currency transfer. Registration with Currency Solutions is free and there is no obligation to trade. To register, contact Currency Solutions today.