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Euro Forecasts for 2021

Forecasts for the euro change all the time, affected by news events and relative sentiment towards the overall Eurozone economy. This continually updated article reviews EUR bank forecasts and popular cross-rate trends.

What’s in this Euro 2021 forecast?

  1. Market News
  2. USD to EUR
  3. GBP to EUR
  4. AUD to EUR
  5. CAD to EUR

Will the Euro Weaken or Strengthen?

Swiss bank UBS see the EUR/USD rate to rise near 1.27 by the end of 2021 as the world recovers from the pandemic and has less need for USD as a safe haven.

The Euro regained it’s mojo towards the end of 2020 after dropping back in November due to the COVID-19 second-wave outbreak with France, Italy, and Germany. EUR/USD finished December at over $US1.215 and at its yearly highs.

A trade deal with the UK could be completed alongside approval of the EU pandemic bonds package, which could pump economic stimulus across the bloc. Based on current conditions, EUR will likely trade within a range of 1.20-1.24 in December. Currency Update

You can also read our full Foreign Exchange Guide to the Eurozone.

USD to EUR

Swiss bank UBS see the EUR/USD rate to rise near 1.27 (USD/EUR below 0.78) by the end of 2021 as the world recovers from the pandemic and has less need for USD as a safe haven. USD-EUR Forecasts


 
USDEUR at 0.8346 is near its 90-day average, 0.8214-0.8534 range.
30DLOW
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Alert:30DLOW |

USD to EUR – Compare and Save
USD/EURChangePeriod
0.8403
09 Apr 2021
0.7% ▼1 Week
0.8345
17 Mar 2021
0% ▲30 Days
0.8278
16 Jan 2021
0.8% ▲90 Days
0.9209
16 Apr 2020
9.4% ▼1 Year
0.8856
17 Apr 2016
5.8% ▼5 Years
0.6981
19 Apr 2011
19.6% ▲10 Years

USD/EUR 10 year historic rates & change to 16-Apr-2021 : 0.8346


GBP to EUR

The pound strength has hit a snag in April on concerns relating to AstraZeneca shot – which the U.K. is heavily dependent on – while the euro has strengthened on good immunisation numbers coming out of the eurozone earlier than expected. GBP-EUR Forecasts


 
GBPEUR at 1.1544 is near its 90-day average, 1.1238-1.1774 range.
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GBP to EUR – Compare and Save
GBP/EURChangePeriod
1.1519
09 Apr 2021
0.2% ▲1 Week
1.1662
17 Mar 2021
1% ▼30 Days
1.1249
16 Jan 2021
2.6% ▲90 Days
1.1500
16 Apr 2020
0.4% ▲1 Year
1.2558
17 Apr 2016
8.1% ▼5 Years
1.1382
19 Apr 2011
1.4% ▲10 Years

GBP/EUR 10 year historic rates & change to 16-Apr-2021 : 1.1544


AUD to EUR

The Euro continues to struggle in 2021 against the Aussie dollar with AUD/EUR near 2-YEAR HIGHS (over €0.64) due to the Aussie dollar strength and uncertainties over the Eurozone Covid vaccine roll-out. AUD-EUR Forecasts


 
AUDEUR at 0.6459 is just above its 90-day average, 0.6286-0.6554 range.
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AUD to EUR – Compare and Save
AUD/EURChangePeriod
0.6406
09 Apr 2021
0.8% ▲1 Week
0.6521
17 Mar 2021
1% ▼30 Days
0.6377
16 Jan 2021
1.3% ▲90 Days
0.5856
16 Apr 2020
10.3% ▲1 Year
0.6787
17 Apr 2016
4.8% ▼5 Years
0.7336
19 Apr 2011
12% ▼10 Years

AUD/EUR 10 year historic rates & change to 16-Apr-2021 : 0.6459


CAD to EUR

The CAD/EUR rate has dropped around 5 percent since the initial pandemic shock in March, previous to this CAD/EUR had touched 0.70 per euro in late February. This is good news for expat Canadian workers in Europe as they will receive more Canadian dollars back home for their Euros.

 CAD-EUR Forecasts


 
CADEUR at 0.6672 has risen 1.1% above its 90-day average, 0.6430-0.6787 range.
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CAD to EUR – Compare and Save
CAD/EURChangePeriod
0.6706
09 Apr 2021
0.5% ▼1 Week
0.6736
17 Mar 2021
1% ▼30 Days
0.6499
16 Jan 2021
2.7% ▲90 Days
0.6560
16 Apr 2020
1.7% ▲1 Year
0.6847
17 Apr 2016
2.6% ▼5 Years
0.7295
19 Apr 2011
8.5% ▼10 Years

CAD/EUR 10 year historic rates & change to 16-Apr-2021 : 0.6672

   
Please note that the opinions of our authors are their own and do not reflect the opinion of Best Exchange Rates and should not be taken as a reference to buy or sell any financial product.