FX Forecast Survey – Rules & Terms & Conditions

Last updated: 6 March 2026

 

1. Introduction & Purpose

 

The FX Forecast Survey (“Survey”) is an informational and educational initiative operated by the owner of this website (“we”, “us”, “our”).

 

The Survey collects forecasts from participants regarding the future level of selected foreign exchange currency pairs over defined time periods. The purpose of the Survey is to aggregate market expectations and present summary results for informational and research purposes only.

 

The Survey does not provide investment advice, trading recommendations, or financial product advice of any kind.

 

Participation in the Survey constitutes acceptance of these Rules & Terms & Conditions.

 

 

2. Definitions

 

For the purposes of these Rules & Terms & Conditions:

 

• Cut-Off Time means the deadline after which no further forecasts are accepted for a Forecast Period.
• Currency Pair means a foreign exchange rate quoted as the value of one currency relative to another (for example, EUR/USD, AUD/USD, USD/JPY).
• Final Results means results published after Reference Time.
• Forecast Period means the specific time horizon for which a forecast is submitted, including Weekly Forecasts and Monthly Forecasts.
• Indicative Results means preliminary summary statistics published after the Cut-Off Time but before Reference Time.
• Monthly Forecast means a forecast for the level of a Currency Pair at the defined monthly Reference Time.
• Nominated Data Source means the market data provider, broker, or other pricing source identified on the website as the source used to determine the Reference Price for a Forecast Period.
• Participant means any individual who submits a forecast to the Survey.
• Reference Price means the price used to determine survey results and accuracy.
• Reference Time means the date and time at which the Reference Price for a Forecast Period is determined.
• Submission means a forecast submitted by a Participant.
• Survey means the FX Forecast Survey conducted on this website.
• Weekly Forecast means a forecast for the level of a Currency Pair at the defined weekly Reference Time.
• Winner means the Participant whose forecast is determined to be the most accurate for a Forecast Period.

 

3. Eligibility & Participation

 

Participation in the Survey is open to individuals worldwide, subject to applicable local laws and regulations.

 

Participants must be at least 18 years of age.

 

Participation is voluntary and free of charge unless otherwise stated.

 

Participants are restricted to one forecast submission per survey.

 

We reserve the right to refuse or exclude any Submission at our discretion, including where participation is prohibited by law or where misuse of the Survey is suspected.

 

 

4. Forecast Periods & Cut-Off Rules

 

4.1 Weekly Forecasts

 

For Weekly Forecasts:

• The Reference Time is 5:00pm New York time on the relevant Friday.
• The Cut-Off Time is 5:00pm New York time on the preceding Friday.

 

4.2 Monthly Forecasts

 

For Monthly Forecasts:

• The Reference Time is 5:00pm New York time on the last trading day of the month.
• The Cut-Off Time is 5:00pm New York time on the last calendar day of the preceding month.

 

 

4.3 Time Zone Reference

 

All Cut-Off Times and Reference Times are determined by the time in New York (Eastern Time), including adjustments for daylight saving time.

 

 

5. Submission Rules

 

Forecasts must be submitted before the applicable Cut-Off Time.

 

Submissions received after the Cut-Off Time will not be considered in the compilation of Survey results and will not be eligible for recognition in the Final Results.

 

Once submitted, forecasts cannot be amended or withdrawn.

 

Each Submission must include a numeric forecast value for the relevant Currency Pair.

 

Where multiple Submissions are received from the same Participant for the same survey and the same Forecast Period, we may apply reasonable rules to determine which Submission is valid, including accepting only the first Submission.

 

 

5.1 Data Integrity & Outlier Submissions

 

To preserve the integrity, usefulness, and fairness of the Survey, we reserve the right to review Submissions for the purpose of identifying entries that are clearly erroneous, submitted in bad faith, or intended to distort survey results.

 

This may include, but is not limited to, Submissions that:

• Are materially outside any reasonable range of market outcomes for the relevant Forecast Period;
• Appear to be the result of input error, automation, or non-genuine participation;
• Are submitted with the apparent intention of manipulating aggregated survey statistics rather than expressing a genuine forecast.

 

Where such Submissions are identified, we may exclude them from aggregated results, distributions, and summary statistics.

 

Any exclusion will be applied consistently and in a manner intended to preserve the overall integrity of the Survey. Excluded Submissions will not be considered in determining Winners.

 

The exercise of this discretion is expected to be rare and limited to circumstances where inclusion would materially undermine the quality or reliability of published results.

 

 

6. Data Collection & Participant Information

 

Participants may be invited to provide optional information, including:

• Name or alias
• Trader Type
• City and country or region
• Email address
• Consent to receive emails
• Trading Group Code

 

Providing personal information is optional.

 

Public recognition of a Participant (including name/alias and location) will only occur where the Participant is the winner, joint-winner, or close runner-up of a survey, has qualified to be included in the Hall of Fame, or has expressly consented to being identified.

 

All personal data is handled in accordance with our Privacy Policy.

 

 

7. Results Publication & Data Releases

 

7.1 Indicative Results

 

After the Cut-Off Time, we will publish the Consensus Survey Results, which may include:

• Median
• Mean (average)
• Interquartile Ranges
• Forecast ranges or distributions
• Other statistical data

 

7.2 Final Results

 

Final Results are published after Reference Time and may include:

• The Reference Price (Actual close price provided by our Nominated Data Source)
• Identity of the Participant with the most accurate forecast
• Accuracy metrics

 

Once published, Final Results will not be amended except in the case of material error.

 

 

8. Reference Price Methodology

 

Foreign exchange markets trade over-the-counter and do not have a single official price source.

 

For each Forecast Period, a Reference Price is determined using a defined and consistently applied methodology, based on a Nominated Data Source.
Unless otherwise stated, the Reference Price is the last traded price for the relevant Currency Pair as published by the Nominated Data Source at the applicable Reference Time. If the Nominated Data Source does not record a price for the relevant Currency Pair at the Reference Time, then the Reference Price will be the last price recorded by the Nominated Data Source for that Currency Pair prior to the Reference Time.

 

The Reference Price methodology, including the Nominated Data Source, is applied uniformly to all Submissions for the relevant Forecast Period.

 

The Nominated Data Source may be updated from time to time; however, any such change will apply only to future Forecast Periods and will not affect Forecast Periods that are already open or completed, except where the previously Nominated Data Source becomes unavailable due to technical failure, discontinuation, or circumstances beyond our reasonable control. In such circumstances, a replacement data source may be applied in good faith for the affected Forecast Period.

 

 

9. Winner Determination

 

The Winner for a Forecast Period is the Participant whose forecast has the smallest absolute difference from the Reference Price at the Reference Time.

 

If two or more forecasts are equally close:

• The Submission received earliest will be recognised as the Winner; or
• Where Submissions are identical and received at the same time, joint recognition may be given.

 

Recognition is honorary and does not constitute a prize unless expressly stated.

 

 

10. Recognition & Hall of Fame

 

Winners may be publicly recognised on the website, including in results pages and a Hall of Fame. They may also be publicly recognised in emails and via social media.

 

Recognition may include the Participant’s name or alias and location.

 

Recognition does not imply endorsement, future performance, or trading success.

 

Participation in the Survey is taken as acceptance of the terms relating to public recognition.

 

 

11. Communications & Early Access

 

 

Participants may receive communications relating to the Survey, including results notifications.

 

Participants who submit forecasts for a specific Forecast Period may be granted early access to results for that period.

 

The timing and availability of communications may vary based on participation status.

 

All communications are informational only.

 

 

12. No Advice & Disclaimer

 

 

All forecasts represent individual opinions only.

 

The Survey does not provide financial, investment, trading, or other professional advice.

 

Participants should not rely on Survey results when making trading or investment decisions.

 

We accept no responsibility for any loss or damage arising from participation in the Survey or reliance on its results.

 

 

13. Amendments & Changes

 

 

We may amend these Rules and Terms & Conditions from time to time.

 

Changes will not affect Forecast Periods that have already closed.

 

Updated terms apply prospectively from the date of publication.

 

 

14. Suspension, Errors & Force Majeure

 

We reserve the right to suspend, modify, or cancel the Survey in the event of technical issues, data errors, market disruption, or events beyond our reasonable control.

 

 

15. Governing Law

 

These Rules & Terms & Conditions are governed by the laws of New South Wales, Australia, unless otherwise required by applicable law.

 

 

16. Contact

 

Questions regarding the Survey may be directed to the contact details published on the website.