April to June 2020 Currency Forecasts

 

Why we no longer read predictions and forecasts…

In our brand-new collection of major banks’ exchange rate forecasts, yet again the ranges are anywhere between 20% and 30%. Do even the senior members of the banks’ management teams believe them, or are they merely the view of one analyst?

These sample predictions from major banks prove that basing your company’s budgets on these forecasts could put you and your business into very dangerous territory:

  1. GBP/EUR 6 months forecast range from 1.08 to 1.22
  2. EUR/USD 6 months forecast range from 1.06 to 1.19

To find even more extreme predictions – download your copy of our Quarterly Forecast!

July to September Currency Forecast

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Forecasts and predictions about where exchange rates are headed in the next month, quarter or year are a worthless tool for your business planning or strategy.

You’re probably as baffled by the predictions of major banks as we are, yet you may be asked as part of your role to make business forecasts based on these extremely wide ranges. You would be just as well to ask a crystal ball or throw a dice.

Controversial? Maybe.

However, in our brand-new collection of major banks’ exchange rate forecasts, yet again the ranges are anywhere between 20% and 30%. Do even the senior members of the banks’ management teams believe them, or are they merely the view of one analyst?

These sample predictions from major banks prove that basing your company’s budgets on these forecasts could put you and your business into very dangerous territory:

  1. GBP/EUR 6 months forecast range from 1.08 to 1.22
  2. EUR/USD 6 months forecast range from 1.06 to 1.19

What does this mean for you and your business?

  • Forecasts and predictions by analysts are so vastly different that no one can use them to base any business assumptions on, let alone a strategy or cash flow.
  • Forecasts as featured in our quarterly report can cause more harm to your business than they are worth paying attention to.
  • Markets and exchange rates are simply unpredictable. As we’ve learnt from recent events, leaving your business in hands of the forecasters is a very dangerous choice, but yours to make

Would you like to protect your business from reliance on forecasts and predictions?

If so, our team can help. Please don’t hesitate to call us if you have any questions on 020 7898 0500.

What our clients and partners say about our Forecasts:

“Excellent. I get a few forecasts from different companies and Smart’s is the first I download”

“Simple and easy to read”

“Clearly illustrated and very informative”

For further information on how Smart Currency Business can help protect your profits and expand your products and services internationally, email
us at info@smartcurrencybusiness.com or give us a call on 020 7898 0500.