Bloomberg awarded Cinkciarz.pl top places in foreign exchange rates forecasts for Q1 2019. The company achieved first place in the EMEA as well as in Latin America regions. Cinkciarz.pl's forecasts were also praised by the Polish financial newspaper "Parkiet".
Cinkciarz.pl, one of the companies in the Conotoxia Holding Group, was once again awarded by Bloomberg in its currencies’ forecasts ranking for the first quarter of 2019. Among all of the contending financial institutions, Cinkciarz.pl was ranked first for the whole EMEA region (Europe, Middle East and Africa) and Latin America. Fourth place went to the company for forecasts of Asian currencies.
"The majority of the changes in the emerging market currencies is a consequence of what is happening in the United States. The U.S. economy is relatively strong, which results in relatively high interest rates and a strong dollar. For the time being, the current situation would not change drastically," says Marcin Lipka, Cinkciarz.pl Senior Analyst.
Cinkciarz.pl was also second with its forecasts for the EUR/PLN and third for the USD/PLN spot rates. Additionally, it took first place in predicting the dollar’s foreign exchange rates in relation to the Czech koruna, Hungarian forint and Romanian leu.
Being awarded by Bloomberg is not the only recent success of Cinkciarz.pl. It was also honoured in the list of macroeconomic forecasts for 2018 prepared by the Polish financial newspaper "Parkiet". The company came in first in forecasting the USD/PLN exchange rate.