30/04/2019

Ebury ranked as #1 USD/CNY forecaster on Bloomberg

Ebury is once again delighted to announce that it has performed well in the latest Bloomberg forecast accuracy rankings.
 
Following on from our #1 EUR/USD spot in the final quarter of last year, we were named as the top forecaster for the increasingly important USD/CNY cross in Q1 2019. This is, unsurprisingly, one of the more competitive currency pairs on Bloomberg. We finished above 43 other forecasters last quarter, including most of the world’s major commercial and investment banks.
 


Figure 1: Bloomberg’s USD/CNY Forecast Accuracy Ranking [Q1 2019]
Ebury.jpg
 
In addition, we remained within the top 10 for the critical EUR/USD pair (#9), while finishing among the top forecasters for a further twelve currency crosses. This includes ending the first quarter as the most accurate forecaster for a total of five currencies, the others of which being the South Korean Won (KRW), Malaysian Ringgit (MYR), Singapore Dollar (SGD) and Bulgarian Lev (BGN).
 
We were also named the third most accurate forecasters for the entire Asia and Latin America regions. The latter of which was, in part, due to another strong performance in the Mexican Peso (MXN) and Peruvian New Sol (PEN) rankings.
 
Due to our industry knowledge and accurate predictions, our clients were able to successfully navigate the often complex world of foreign exchange and protect their margins.
 
 
Full list:
 
1) USDCNY #1
2) USDKRW #1
3) USDSGD #1
4) USDMYR #1
5) EURBGN #1
6) USDMXN #2
7) USDZAR #2
8) USDPEN #2
9) USDDKK #2
10) USDRON #2
11) LatAm #3
12) Asia #3
13) USDCOP #3
14) EURDKK #3
15) NZDUSD #5
16) EURUSD #9
 
Asia #3
LatAm #3
 
If you’re interested in our currency forecasts and predictions, contact us here to talk through what we think is coming up in 2019 and how we can best help your business.

30/04/2019