(Bloomberg) Monex has been named the Top G10 Currencies Forecaster for Q3 2018, according to the Bloomberg Foreign Exchange (FX) Forecast Accuracy Rankings that were released October 2, 2018.
The FX and international payment solutions company has earned this top spot for three out of the last seven quarters. Additionally, Monex has ranked second top currency forecaster for the Canadian dollar , the Australian dollar and the New Zealand dollar for the third quarter of 2018.
“We are proud once again to have earned the top spot in the overall rankings, beating out 55 other distinguished global financial institutions for forecasting the G10 currencies, and taking second for forecasting the Canadian dollar, the Australian dollar and the New Zealand dollar,” said John Doyle, Vice President of Dealing and Trading for Monex. “At Monex, our focus is to help companies navigate the volatile currency market both efficiently and cost effectively; being awarded these rankings reaffirms 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 awarded #1 Overall Accuracy Forecaster for G10 Currencies multiple times by Bloomberg.
