How did we do this?

Enrique Diaz-Alvarez, Chief Risk Officer at Ebury and Bloomberg forecaster, says: “The hard work and independent approach to market forecasting conducted by Ebury’s market analyst team has paid off. When other strategists were revising their Euro forecasts higher as the common currency rallied, we held the line as we didn’t see substantial inflationary pressures in the Eurozone.

We also made some bold forecasts for the Brazilian Real and the Mexican Peso that placed us second among all LatAm currency forecasters.* We continue to forecast a strong 2019 for most emerging market currencies as they recover from levels that are, in most cases, relatively very cheap to the US Dollar.”

*To read our latest LatAm report, click here.

For context, Bloomberg’s rankings are based on three rigorous criteria: margin of error, timing and directional accuracy. 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.

Ebury also…

…ranked very highly on a host of other major and emerging market currencies, securing the number one spot for an additional five other currency crosses. This includes ending the year as the top forecasters for the Mexican Peso (MXN), Singapore Dollar (SGD) and Malaysian Ringgit (MYR).

As well as our high ranking, we finished as the second most accurate forecaster for the entire Latin America region, in part due to our strong performance in the Peruvian New Sol (PEN) and Colombian Peso (COP) rankings.

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.