Unveiling 2024: Market Outlook and Key Trends Get your free copy

Ebury ranked #1 krona forecaster on Bloomberg

( 2 min )

  • Go back to blog home
  • All posts
    All posts|Currency Updates
    All posts|Currency Updates|International Trade
    All posts|International Trade
    Blog
    Central Bank Meetings
    Charities & NGOs
    Currency Updates
    Currency Updates|In The News
    Ecommerce
    Fraud
    FX 101
    In The News
    International Trade
    Podcast
    Press Release
    Product Update
    Security & Fraud
    Special FX Reports
    Special Report
    Weekly Market Update
  • Latest

9 April 2021

Written by
Marta Alvarez

Ebury has moved onwards and upwards in the latest Bloomberg FX forecast rankings for Q1 2021.

F
ollowing on from being named as the number one EUR/USD forecaster in Q4 2020, we have been ranked among the top forecasters for a total of eight currency crosses in the first quarter of this year. This includes a handful of major G10 currencies, notably the Swedish krona (SEK). We were ranked as the most accurate forecaster for the USD/SEK cross and the fourth most accurate for EUR/SEK.

Figure 1: Bloomberg’s USD/SEK Forecast Rankings [Q1 2021]

Other noteworthy achievements include being named as the second most accurate forecaster for the Mexican peso (MXN), Chilean peso (CLP) and the Romanian leu (RON). Bloomberg’s rankings are 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)

Full list:

  • USD/SEK #1
  • USD/CLP #2
  • USD/MXN #2
  • EUR/RON #2
  • USD/RON #2
  • EUR/SEK #4
  • USD/CHF #9
  • EUR/JPY #9

📩 Click here to subscribe to our latest market insight and updates to help you navigate the ever-changing global currency markets. Or head to our Blog to read our latest Market Update.

🎙 You can also listen to our FX Talk podcast to get your 20-minute financial update on Spotify, Google Podcast, Apple Podcast or choose your favourite podcast app.

 

SHARE