LONDON, April 25, 2016 /PRNewswire/ --
Cinkciarz, the Polish online currency exchange company, was awarded first place in the ranking of forecasts of the exchange rates in the Latin American markets in the first quarter of 2016. Cinkciarz also took first place in the rank of forecasts for the currencies from the Persian Gulf countries, and also took the fifth position for the forecasts in the Asian markets. In total, for its accuracy in forecasting exchange rates worldwide, Cinkciarz was awarded four first places, three second places, and five third places in the Bloomberg ranking.
The expertise and credibility of the Cinkciarz analysts' observations are acknowledged by the worldwide financial media. That was definitely the case with the forecast regarding the rate of the Brazilian real. Cinkciarz analysts ignored the current political turmoil in Sao Paulo, and focused on the wider context of the commodities market. This allowed them to predict one out of the three most accurate forecasts of the Brazilian real's rate. Their opinions regarding this matter were quoted in Bloomberg.com and in Die Welt publication.
The company's mid-term estimations for the Indian rupee were even more interesting. Bloomberg Markets has emphasized that Cinkciarz is in second place as the best forecaster of this currency in the world. According to the analysis presented in the material, the rupee will depreciate to its all-time low by the end of this year. Cinkciarz forecasts indicate that this weakening might be caused by the anticipated strength of the dollar.
The examples above present the most outstanding forecasts of Cinkciarz. The company is the top forecaster for the Ukrainian hryvnia, the Mexican peso, and the Korean won; proving that the awards presented are not accidental.
Cinkciarz is a seven-time winner of the global Bloomberg Rankings for the fourth quarter of 2015. The currency exchange company was named 'Player of the Year' 2016 by Forbes magazine. The CEO of Cinkciarz, Marcin Pioro, was awarded Best Manager 2015 by Bloomberg Businessweek Poland. Moreover, Reuters described the company as dominant in the Polish currency exchange market. The event that absolutely gathered the most attention from the media was the signing of the sponsorship contract with the NBA's Chicago Bulls.