By   Ian Stringer, Director, MTInsight

One of MTInsight’s most overlooked yet important features is its ability to automate the acquisition and delivery of data that changes regularly. MTInsight’s Currency Exchange Monitor leverages this ability while efficiently presenting daily changes in 15 currencies for a total of 225 currency pair calculations as shown in the table.

The primary reference currencies are listed alphabetically down the left side of the matrix. Their trading pairs are positioned at the top listed alphabetically from left to right. Knowing this helps to understand which currencies are gaining or losing strength over another.  

The following is an example of how to read the matrix using a recent event and its effect on the currency markets. On April 27, the Bank of Japan surprised markets by deciding not to add stimulus funds to the Japanese economy. This sent the Yen to record highs, gaining strength against all trading pairs, which is illustrated by the green horizontal JPY row spanning left to right. Generally, a country’s exports become more expensive when its currency gains strength over trading partners.  

The Currency Exchange Monitor has been automatically installed to all current MTInsight user accounts. 

Please feel free to contact me if you have questions about using this app, 703-827-5209 or, or Aslan Moini, 703-827-5290 or for more information about accessing the MTInsight platform.