Cinkciarz.pl, one of the companies in the Conotoxia Holding Group, took the leading places for accurately forecasting the exchange rates of many currency pairs in the prestigious Bloomberg ranking. The most important financial institutions in the world competed in the ranking.
The company’s analysts have once again been awarded for their expert knowledge and ability in the field of currency exchange rate forecasts. This time the classification included changes in the last quarter of 2018.
The experts at Cinkciarz.pl were awarded the highest place in Bloomberg's ranking in the LATAM region as a whole and in the US dollar - Argentine peso exchange rate. The company's analysts also ranked second in the forecasts regarding the currency pairs: US dollar - Colombian and US dollar - Chilean peso.
The Argentinian currency lost 74% of its value in 2016-2018. This is probably not the end of its problems. "It can be expected that by the end of the year it may lose even 26 per cent and therefore, fall to the level of 50 pesos per dollar. The situation slightly resembles the economic transformation that Poland underwent at the turn of the 1980s and 1990s," says Marcin Lipka, Cinkciarz.pl Senior Analyst in an interview for Bloomberg.
Cinkciarz.pl also accurately forecast the value of currencies from the EMEA region. It consists of countries located in Europe, the Middle East and Africa. In summary, the company's analysts ranked fourth in this group, while at the same time winning the ranking for forecasts for currency pairs: US dollar - Israeli shekel. They also took second place twice for dollar - Czech koruna and dollar - forint pairs.
The company was also ranked third in the following currency pairs: euro - zloty, US dollar - Swedish krona, US dollar - Norwegian krone, as well as euro - yen. The top positions also include fifth place in the predictions regarding the zloty's exchange rate to the dollar.
Cinkciarz.pl is part of the Conotoxia Holding Group. The Group provides customers with services such as currency exchange, money transfers, payments, and access to Forex trading. The services provided by Cinkciarz.pl and the other companies in the Group can be found at conotoxia.com.