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Ebury ranked #2 EUR/USD forecaster on Bloomberg

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6 October 2020

Written by
Matthew Ryan

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

We are delighted to announce that Ebury has once again been ranked among the most accurate forecasters for the key EUR/USD pair.

E
bury was named as the second most accurate forecaster on Bloomberg for EUR/USD for Q3 2020. This achievement follows on from our number one and number two EUR/USD rankings in Q4 2018 and Q2 2019 respectively. It also marks the sixth occasion in the last nine quarters that we have been named among the top ten forecasters for the highly competitive EUR/USD cross. We finished above 61 other eligible forecasters last quarter, including all of the worldÔÇÖs major commercial and investment banks.

Figure 1: BloombergÔÇÖs EUR/USD Forecast Rankings [Q3 2020]

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

ÔÇťBeing ranked as the number two forecaster for the most important exchange rate in the world, euro vs US dollar, is a significant achievement. Bloomberg gathers and ranks the currency forecasts of over 60 institutions, including all of the major investment banks and strategy services worldwide. As such it is a significant achievement for Ebury┬┤s strategy department. Well done Matthew and Roman!ÔÇŁ

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 currencyÔÇÖs overall direction).

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