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EUR to USD 2024 Forecasts

Analysis of recent Euro → Dollar forecasts for 2024. We collate forecasts from respected FX analysts together with the latest Euro to US dollar performance and trends.

 

Forecasts for EUR to USD

 

FX analysts are closely monitoring the EUR to USD exchange rate amid recent developments impacting both currencies. Despite upbeat German business sentiment, the Euro (EUR) has been under pressure due to growing speculations of European Central Bank (ECB) rate cuts and its negative correlation with the US dollar. The EUR/USD pair is forecasted to exhibit a cautiously optimistic outlook for 2024, with a potential bullish trend projected by ING, moving from around 1.07 towards 1.15 by the end of the year. The trajectory of the Euro will likely depend on the actions of both the ECB and the Federal Reserve, with potential rate cuts in play.

On the other hand, the US dollar (USD) has seen a recent surge following positive US economic data, particularly the strong January jobs report, which has diminished expectations for immediate interest rate cuts by the Federal Reserve. Despite this, USD exchange rates might be influenced by US Treasury yields and market risk sentiment in the coming days. The current strength of the USD could persist in the near term, barring any significant shifts in market dynamics. The dynamics between the EUR and USD are expected to continue to be influenced by economic data releases and central bank policies moving forward, shaping the direction of the EUR/USD exchange rate. Oil price movements, with Brent Crude OIL/USD hitting 90-day highs near 87.50, could also have implications for the Euro's performance due to the euro's sensitivity to commodity prices.

 
@bestfxrates : EUR/USD cautiously optimistic for 2024, says ING, eyeing a move from ~1.07 to 1.15. ECB rate cuts speculation vs. USD strength on US jobs data weigh in. FX analysts watch for ECB & Fed actions, market sentiment, and oil prices' impact. #ForexUpdate #EURUSD #CurrencyTrading

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EUR to USD Market Data

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

 
1 EUR =
1.0780We compare provider deals to this wholesale mid-market rate. Read more
USD
-0.4%
📉1M
EUR to USD is at 30-day lows near 1.0789, just 0.7% below its 3-month average of 1.0868, having traded in a very stable 3.4% range from 1.0707 to 1.1066
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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.

 
DateEUR/USDChangePeriod
14 Mar 2024
1.0883
0.9% 2 Week
29 Dec 2023
1.1056
2.4% 3 Month
29 Mar 2023
1.0843
0.5% 1 Year
30 Mar 2019
1.1222
3.8% 5 Year
31 Mar 2014
1.3773
21.7% 10 Year
02 Apr 2004
1.2186
11.5% 20 Year
EUR/USD historic rates & change to 28-Mar-2024
 

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.

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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