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    EUR to USD Forecasts

    Analysis of recent euro→dollar forecasts. We collate forecasts from respected FX analysts together with the latest EUR to USD performance and trends.


    Forecasts for EUR to USD

    EURUSD chart

    According to recent forecasts and market updates from FX analysts, there are indications that the rally in the euro (EUR) against the US dollar (USD) may have peaked and could experience a reversion lower in the coming months. HSBC, which had been positive on the EUR and GBP since November 2022, now holds the belief that the rally in both currencies has played out. The weakening of consumer confidence in the UK and Eurozone, as noted by HSBC, is seen as a precursor to potential macroeconomic underperformance.

    Additionally, economists expect the recent strength of the USD to eventually reverse in 2023 as the Federal Reserve's interest rate hike cycle concludes.

    Looking at recent price data, the EUR/USD exchange rate is currently at 1.0563, which is 3.0% below its three-month average of 1.0887. The rate has traded within a relatively stable range of 7.1%, ranging from 1.0503 to 1.1244.

    Furthermore, it is important to note that the euro's value can be impacted by oil price movements. Recent data shows that the price of Brent Crude oil against the USD is at 95.14, which is 11.4% above its three-month average of 85.37. The oil price has been highly volatile, ranging from 72.26 to 96.61, with potential implications for the EUR/USD exchange rate.

    Considering these factors, it will be prudent for individuals and businesses involved in EUR to USD transactions to closely monitor the evolving economic and oil price dynamics, as well as the guidance provided by FX analysts and economists.

    Compare & Save - Euro to US dollar

    Exchange rates can vary significantly between different currency exchange providers, so it's important to compare Euro (EUR) to US dollar (USD) rates from different sources before making a conversion.

    Use our EUR to USD calculator to see how much you could save on your international money transfers. makes it easy to compare the Total Cost you are being charged on euro to dollar currency rates and the possible savings of using various providers.

    @bestfxrates : EUR to USD Update: FX analysts indicate possible peak in EUR rally against USD, with potential reversion expected in coming months. Current rate at 1.0563, down 3% from 3-month average. Keep an eye on economic developments and volatile oil prices, as they can impact EUR's value. #forex

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    EUR to USD Market Data

    Euro (EUR) to US dollar (USD) market data - latest interbank mid-rate, trend, chart & historic rates.

    1 EUR =
    1.0580We compare provider deals to this wholesale mid-market rate. Read more
    EUR to USD at 1.0580 is 2.8% below its 3-month average of 1.0883, having traded in a relatively stable 7.1% range from 1.0503 to 1.1244
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    15 Sep 2023
    0.9% 2 Week
    01 Jul 2023
    3.1% 3 Month
    29 Sep 2022
    7.6% 1 Year
    30 Sep 2018
    8.8% 5 Year
    01 Oct 2013
    21.8% 10 Year
    04 Oct 2003
    9% 20 Year
    EUR/USD historic rates & change to 29-Sep-2023

    Will the Euro rise against the US dollar?

    It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.

    To help with this you can add EUR/USD to your personalised BER Smart Rate Tracker to track and benefit from currency movements.

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    Rather than requiring you to set a target rate, our FX Alerts work differently. Once you add a currency pair for tracking in your watchlist we can select to be notified daily for any UP DOWN HIGH LOW alerts over a range of periods over the recent 90 days.

    Read our Currency guide to the United States - a practical currency and money guide to travel, living and doing business in the United States with the US dollar.


    Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more