Ebury named #1 forecaster for 3 different currency pairs in latest Bloomberg FX rankings

Ebury, a leading global  fintech company that simplifies cross-border trade and payments by offering international transactions, has been named among the top forecasters for seven different currency crosses in Bloomberg’s FX forecast accuracy rankings for Q3 2021.

Ebury has been listed as the most accurate contributor for three different currencies versus the euro: the Russian ruble (RUB), Norwegian krone (NOK) and Czech koruna (CZK).

For the second consecutive quarter, Ebury was also named as the number two forecaster for the South African rand (ZAR) and Chilean peso (CLP) versus the US dollar, while just missing out on the top spot yet again for the Mexican peso (MXN).

For the first time since 2015, Ebury has also been named among the top three forecasters on Bloomberg for the highly competitive Japanese yen (JPY), finishing above 52 other contributors, including many of the world’s leading commercial and investment banks.

Bloomberg’s rankings are based on three rigorous criteria: margin of error, timing and directional accuracy.

Commenting on the rankings, Matthew Ryan, CFA, senior market analyst at Ebury said: “We are delighted to once again have been listed as one of the most accurate FX forecasters by Bloomberg.

“Ebury’s in-depth knowledge of global currency markets is critical to the service we offer to our clients in protecting them from fluctuations in the market. To have this expertise verified by Bloomberg is deeply satisfying for all of us at Ebury as well as the SMEs that select Ebury to simplify their international trade.”

Full list:

• #1 EUR/NOK
• #1 EUR/RUB
• #1 EUR/CZK
• #2 USD/ZAR
• #2 USD/MXN
• #2 USD/CLP
• #3 USD/JPY