The EUR to WST exchange rate is currently bearish.
Key drivers include a continuing interest rate differential, with the European Central Bank maintaining a flexible stance on rates, and the Central Bank of Samoa focusing on liquidity issues without altering rates. Eurozone economic growth, projected at 1.6%, supports the euro, while Samoa’s economic growth forecast of 3.2% adds some strength to the WST. Notably, the euro's value has impacted trade patterns amid geopolitical tensions and energy market fluctuations, particularly related to oil prices, which are near recent lows, adding downward pressure on the euro.
In the near term, the EUR to WST is expected to trade within a stable range amid prevailing market conditions.
Upside risks include positive economic data from the Eurozone that could enhance the euro's appeal. Downside risks may arise from persistent geopolitical instability or significant economic challenges facing Samoa that could weaken the WST.