is yet again in the lead of the Bloomberg ranking

Apr 21, 2016 10:13 AM|

The prestigious American press agency, Bloomberg, has once again considered the currency exchange rates forecasts made by analysts as one of the most accurate in the world.

Logo, the Polish online currency exchange service was awarded first place in the ranking of forecasts concerning the currency exchange rates in the markets of Latin America. In the first quarter of 2016, the company's analysts overtook the American investment bank, Morgan Stanley, and the Japanese Bank of Tokyo among others in this category. Also, was fist in the ranking of forecasts concerning the Persian Gulf countries, and took fifth place for Asian forecasts. For the accuracy of forecasting currency exchange rates, was awarded with four first places, three second places, and five third places in the Bloomberg ranking.

The competence and credibility of the observations of the experts from Warsaw, are acknowledged by the worldwide financial media. In the few past weeks, Marcin Lipka, one of the analysts, was quoted regarding his very accurate estimations. The first example is a uniquely precise forecast regarding the direction of the Brazilian real. The analysts ignored the current political disturbances in Sao Paulo, and focused on a wider context of the raw materials market (including the significant role of the Chinese economy, and its impact on the Brazilian economy). This allowed them to indicate one out of three most accurate estimations of the Brazilian real's exchange rate. Their opinions regarding this matter were quoted in the articles of, Die Welt, and Rzeczpospolita. What is interesting, is that the forecasts from, as well as the forecasts from the experts in first and second place (they were the Italian MPS Capital Services and the Swedish Skandinavska Enskilda Banken, respectively), were made without any co-operation with the team from Brazil. They were based only on diligent data analysis.

The mid-term estimations from analysts regarding the exchange rate of the Indian rupee, seem even more interesting. The BloombergMarkets website emphasizes that is the second leading forecaster of this currency in the world. According to the analysis presented in the material, the Indian rupee will depreciate below its lowest level in history by the end of this year. forecasts indicate that we may be dealing with a wear-off caused by the anticipated strength of the dollar at the end of the year. However, it not necessarily caused by a clearer soothing of the monetary policy by the Central Bank of India, despite what some economists claim.

Of course, the above mentioned examples of accurate analysis concern only the most notorious forecasts of the analysts team. is regularly esteemed as a forecasting institution. There is no coincidence. What is impressive, is the consistency in which continues to be a leader in forecasting the exchange rates of currencies like the Ukrainian hryvnia, the Mexican peso, and the Korean won.

Apr 21, 2016 10:13 AM|

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