WASHINGTON, DC – July 5, 2018 – Monex has been named the top currency forecaster for the Canadian dollar for Q2 2018, according to the Bloomberg FX Forecast Accuracy Rankings that were released July 2, 2018.
Additionally, Monex ranked fourth top currency forecaster for the Japanese yen and third top currency forecaster for the New Zealand dollar for the second quarter of 2018. The foreign exchange and international payment solutions company has ranked in the Top 10 for six consecutive quarters for forecasting the Japenese yen.
The foreign exchange and international payment solutions company beat out nearly 60 other distinguished global financial institutions for forecasting the Canadian dollar. Being named to this ranking reaffirms Monex’ efforts to help companies properly manage their currency needs efficiently and cost-effectively.
Bloomberg FX forecasters are ranked based on three criteria: margin of error, timing and directional accuracy. Monex is proud to have been awarded #1 Overall Accuracy Forecaster for G10 Currencies multiple times by Bloomberg.
About Monex
Since 1999, Washington, DC-based Monex has provided more than 40,000 corporate clients with the best foreign exchange and international payment solutions in the industry, leveraging a combined annual FX volume in excess of $150 billion. Monex operates in the United States as Monex and in the United Kingdom as Monex Europe, all part of the global Monex group, one of the world’s largest commercial foreign exchange providers.