1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.
Dismiss Notice
Have you checked if your business appears in our directory? Add your basic information for FREE!

Click Here to know more!!

If you would like links to source leads, upgrade from £12.50 a month!

Click Here to subscribe!
Dismiss Notice

Hi Guest!

Our website stays online because of the support of our advertisers. A huge part of them are from banner ads that appear on our site. While some of them seems to be intrusive for some, these ads are needed to keep our community running and continue providing free membership service for buyers.

In light to this, we request that you disable ad blocking programs or add our website to your ad blocker's whitelist. This keeps us from offering our basic membership to everyone for free and help with maintenance costs of our website.

If you have already disabled ad blocking programs or added us into the whitelist, please ignore this message, this message will disappear in a few seconds!

TWF Daily Currency Update: 31/03/2020

Discussion in 'Money, Accounts & Finance' started by Currencies Direct, Mar 31, 2020.

Do you sell internationally?

  1. Yes

    0 vote(s)
    0.0%
  2. No

    0 vote(s)
    0.0%
  1. Currencies Direct

    Currencies Direct

    Joined:
    Feb 6, 2020
    Messages:
    57
    EXCLUSIVE OFFER FOR TWF: Create an account with Currencies Direct and receive a £30 Amazon voucher when you trade +£5000 before June 30th! https://www.currenciesdirect.com/twf

    TWF Currency Update: 31/03/2020

    Today’s e-commerce exchange rate update

    For online sellers paying suppliers in foreign currencies, or converting international revenue, exchange rate movements can have a significant impact on profitability – from increasing the cost of invoices to reducing the return on your payments.

    Stay on top of the latest rate movements in minutes with our daily rate alert.

    Pound Sterling (GBP)
    The pound stumbled at the start of the week as economists forecast that the UK could lost 15% of GDP as a result of the coronavirus lockdown. The currency remains on the back foot this morning, trending lower against the euro and US dollar.

    GBP/EUR – Trading at 1.12
    GBP/USD – Dipped to 1.23

    Euro (EUR)
    Indications that the Eurozone is struggling to contain the coronavirus outbreak put the euro under pressure at the start of the week.

    Demand for the common currency was also undermined by the Eurozone’s economic sentiment index as it posted its sharpest decline on record this month.


    EUR/GBP – Trading at 0.89
    EUR/USD – Holding 1.09

    US dollar (USD)
    Renewed demand for safe-haven currencies boosted the US dollar on Monday despite growing concerns about the extent of the coronavirus outbreak in the US.

    USD/GBP – Trading at 0.81
    USD/EUR – Trading around 0.90
Back to top

Share This Page