TEMPUS has been named the Top USD/CAD Forecaster for Q4 2019, according to Bloomberg's quarterly currency forecast accuracy rankings.
TEMPUS beat out 48 other forecasters to claim the title of most accurate USD/CAD forecaster; their forecast was 9 pips shy of the actual end of year rate.
Moreover, Monex was ranked the second-best forecaster for GBP/USD, a considerably impressive accomplishment considering the wild swings we saw since September.
They also had three third-place finishes for USD/JPY, NZD/USD and USD/MXN. Overall Monex was ranked the 5th best forecaster in Q4, out of 54 eligible forecasters.
“A great achievement, which consistently proves that we are experts in what we do!” said Juan Pablo Carriedo, CEO at Monex. “At Monex, our focus is to help companies navigate the volatile currency market both efficiently and cost-effectively; being awarded these rankings reaffirm our efforts. We are committed to keeping organizations well-informed of current activity in the global markets in order to make the right decisions with optimal timing for their international payments.”
Bloomberg FX forecasters are ranked based on three criteria: margin of error, timing, and directional accuracy. Monex is proud to have been recognized and awarded for its currency forecasting accuracy multiple times by Bloomberg.
