Fx4casts

Globally, there is enormous interest in exchange rate movements and, as financial conditions become increasingly volatile, investors, corporations, commercial bankers, and central bankers look for foreign exchange rate forecasts to make prudent decisions. FX4casts has the world’s oldest and largest historical data base of its type worldwide. There are consensus forecasts for currencies, interest rates and economic indicators. Currency forecasts are used by academics in their research. The FX4casts historical data base provides 30-year period and is considered the “big data” of consensus forecasting. Timeliness Consensus forecasts are monthly and updated twice a month making FX4casts more timely and pertinent when compared with publications having only monthly forecasts. Accuracy FX4casts consensus forecasts use geometric means rather than arithmetic means. A geometric mean retains all of the forecasts and exponentially reduces the value of the extremes. Subscribers benefit as this is more representative of the group’s expectations than an arithmetic mean that could be greatly distorted by extreme outliers. Tools for Measuring Risk 95% confidence intervals for 31 major currencies allow financial officers to relate the risk associated with the consensus forecasts to the risk tolerance of individual users.