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
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