RBS is top 12m forecaster

cf-a060704-jpg

But one bank has put in a solid performance. A year ago, Royal Bank of Scotland (RBS) forecast last week's major FX rates with accuracy of 96.8%, topping the ranking of the 10 banks then on our index.

RBS predicted e/$ at 1.25 (actual rate last Tuesday 1.2245); $/¥ at 105 (109.43); e/¥ at 131 (133.00); cable at 1.70 (1.8379) and $/Sfr at 1.24 (1.2485).

JP Morgan Chase was not far behind RBS, with an accuracy rating of 96.6%, and the then Credit Agricole Indosuez was third with 95.7%.

The most