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London, [16] February 2022 – Monex Europe, a leading corporate FX and hedging provider, has received the 2021 Refinitiv StarMine Award for Most Accurate Forecasting in Reuters Polls in the Major Currencies category.
Recognised as the gold standard in objective measurement of sell-side analyst performance, the Refinitiv StarMine Analyst Awards recognise the firms and forecasters providing the most accurate predictions of economic indicators and FX rates in Reuters Polls – the world’s leading surveys of professionals – during the calendar year.
Nick Edgeley, Chief Executive Officer at Monex Europe and Monex Canada said:
The market insight produced by our analysis team has played a pivotal role in helping CFOs to navigate the fast-moving and volatile conditions that have characterised much of the last 12 months. The award for most accurate forecaster for major currencies over the past year is a testament to their hard work and showcases Monex’s first-class offering to clients.
StarMine’s methodology for FX rates involves analysing each forecaster’s estimates for the 1-month, 3-month, 6-month and 1-year FX rate polls across 14 regions, ranking the resulting aggregated accuracy scores. Monex Europe scored 11.37 in the Major Currencies category, leading by 0.47 points.
Simon Harvey, Head of FX Analysis at Monex Europe and Monex Canada added:
Qualitative analysis was key to the success of our forecasts over the course of the past year as an array of risks to both domestic and global macroeconomic backdrops arose. Both the nature of our forecasting process and the ability of our regional specialists to subjectively decipher credible risks to the fundamental profile of economies were the driving force behind the success of our forecasts in 2021.
Monex Europe wins the top spot for Majors in 2021
Monex Europe has been providing its corporate and institutional client base with keen market insights for nearly a decade. The firm celebrates its 10-year anniversary in July 2022, with Monex SAB de CV (“Monex”) having acquired FX specialist Schneider Foreign Exchange to form Monex Europe in 2012.
Monex Europe’s forecasts were submitted on behalf of all Monex Europe Holdings Limited subsidiaries: Monex Europe Limited and Monex Europe Markets Limited in the UK; Monex Europe S.A. in Luxembourg, Spain and The Netherlands; Monex Canada Inc. in Toronto; and MonFX Pte Ltd in Singapore.
To view the rankings, visit this link: https://bit.ly/3HJsebQ