Cinkciarz.pl, a company belonging to Conotoxia Holding, dominated the Q2 2020 Bloomberg's ranking. The international fintech won, among others, 1st place in the USD/PLN forecasting and aggregate classifications for Latin America and Asia, as well as podium positions for the EUR/USD pair, EMEA region, and 13 main currencies.
Will there be a crisis of all time? That was the question all analysts asked themselves in the second quarter of 2020. The COVID-19 pandemic spread to the financial markets, and the world has been facing a global recession. While chaos runs a global economy, predicting currency exchange rates is a very challenging task. However, as every quarter, global financial market leaders compete in Bloomberg's ranking of the most accurate currency forecasts.
For several years now, Cinkciarz.pl has been successfully competing with such institutions as BNP Paribas, ING, JP Morgan, or PKO BP for the title of the best forecaster. In Q2 2020, fintech stood on the podium in the EUR/USD ranking again, taking the third place. In the general classification for the EMEA region, Cinkciarz.pl was ranked the second and won in the US dollar/Czech crown and US dollar/Polish zloty categories. Moreover, fintech's analysts successfully predicted exchange rates of 13 main world currencies, which resulted in third place.
The dominance of Cinkciarz.pl reaches far beyond European currencies. According to Bloomberg's classification, the portal's analysts were the best in the world in forecasts for the Asia and Latin America region. This was due to high positions in the selection of particular currencies. Among Asian currencies, fintech's experts won, among others: first place on the US dollar/Indonesian rupiah and the US dollar/Vietnamese dong, third place on the US dollar/Chinese Yuan Renminbi, and for the LATAM currencies, i.e., the US dollar/Colombian peso, they took first place.
"Our preeminence in the latest Bloomberg's ranking is a fact, and I am particularly pleased with the podium places for the EUR/USD forecast and several regional classifications for LATAM, Asia and EMEA. I hope that our clients will pay attention that we do not focus exclusively on European currencies. We have global expertise, and this is how we design our services," says Piotr Kicinski, Vice-President of Cinkciarz.pl. "Turbulent times don't call for experiments, and customers choose trusted and secure service providers."
In the 2020 classification, Cinkciarz.pl continues to outshine its global competitors. In total, fintech's analysts won 35 places on the podium, whereas the second team got only 17. Cinkciarz.pl also triumphs in the fight for gold medals with 12 of them so far (world's best result together with Barclays). The next ranking will be announced at the beginning of October.
