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Ebury ranked #1 EUR/USD forecaster on Bloomberg

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7 January 2021

Written by
Matthew Ryan

Senior Market Analyst at Ebury. Providing expert currency analysis so small and mid-sized businesses can effectively navigate international markets.

We are delighted to announce that Ebury has soared to the top of Bloomberg’s forecast rankings for the key EUR/USD pair!

bury was named as the most accurate forecaster for EUR/USD in the fourth quarter of 2020, having been named as the second most accurate forecaster in Q3. This is the second time that we have ended the year as the leading EUR/USD forecaster on Bloomberg. We also climbed to the top of the charts in the fourth quarter of 2018.

This marks the seventh occasion in the last ten quarters that we have been named among the top ten forecasters for the highly competitive EUR/USD cross. We finished above 62 other eligible forecasters last quarter, including all of the world’s major commercial and investment banks.

Figure 1: Bloomberg’s EUR/USD Forecast Rankings [Q4 2020]

Enrique Diaz-Alvarez, Chief Risk Officer at Ebury, says:

“Ebury is once again the top forecaster for the world’s most important currency pair. This is a seminal achievement for our Strategy team, and I congratulate Matthew Ryan and Roman Ziruk for their outstanding work in securing this ranking.”

FX forecasters are ranked based on three rigorous criteria:

  • Margin of error
  • Timing (for identical forecasts, earlier ones receive more credit)
  • Directional accuracy (movements with the currency’s overall direction).

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