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    Euro Forecasts for 2021

    Longterm 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.

    Updated: Nov 24, 2021  
     

    1 EUR = 1.1325 USD
    Sell EUR  →  Buy USD
    EUR to USD at 1.1325 is 0.6% below average of its 90-day range 1.1200-1.1682.
    |
      1 USD = 0.8830 EUR
     
    1-DAY-0.7%
    60-DAYHIGH4d

    Euro outlook

    Dollar strength and a fourth wave Covid in Germany and Eastern Europe have seen the Eurozone single currency on the decline and at 1 YEAR LOWS versus the greenback.

    EUR/USD wasChangePeriod
    1.1283
    04 Jan 2022
    0.4% 2 Weeks
    1.1654
    20 Oct 2021
    2.8% 90 Days
    1.2078
    18 Jan 2021
    6.2% 1 Year
    1.0659
    19 Jan 2017
    6.2% 5 Years
    1.2918
    21 Jan 2012
    12.3% 10 Years
    0.8810
    23 Jan 2002
    28.5% 20 Years
    EUR/USD change over periods to 18-Jan-2022

     

    Will the Euro Weaken or Strengthen?

    For the euro 2021 was a poor year against the greenback. At the start of the year EUR/USD was at the 1.2200 level ($1=.82€) but by June was being solidly sold off eventually finishing at 1.1300 by year end ($1=.89€).

    But to be fair, the market’s expectation for a rise in US inflation and thus interest rates has pushed up the USD exchange rate against most currencies.

    USD-EUR Forecasts

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

    GBP to EUR

    GBP to EUR 90-Day Currency Trend Chart with Hi, Low, Up, Down AlertsGBP to EUR at 1.2004 has risen 1.5% above average of its 90-day range 1.1641-1.2004. GBP/EUR Rates

    The pound sunk in late September to but has recovered after Boris called the army out to drive the fuel trucks.

    The outlook for the pound for October is very uncertain due to rising inflation, slowing growth and unemployment, the combination of which could create a nightmare scenario for the Bank of England Monetary Policy Committee.

    OFX predict the GBP could range between 1.14 – 1.18 EUR in October.

    GBP-EUR Forecasts

    AUD to EUR

    AUD to EUR 90-Day Currency Trend Chart with Hi, Low, Up, Down AlertsAUD to EUR at 0.6346 is just below average of its 90-day range 0.6186-0.6502. AUD/EUR Rates

    Changing expectations around US Federal Reserve policy and a less positive outlook for global growth have weighed on the Aussie to Euro rate this year.

    However, increased gas prices heading into the northern winter have helped the AUD/EUR rate to rise back above the 0.63 level.

    AUD-EUR Forecasts

    CAD to EUR

    CAD to EUR 90-Day Currency Trend Chart with Hi, Low, Up, Down AlertsCAD to EUR at 0.7063 has risen 1.6% above average of its 90-day range 0.6852-0.7063. CAD/EUR Rates

    In November CAD/EUR has risen to around the 0.70 level as the energy crisis hurts the euro and helps the gas and oil exporting Canadian dollar.

    CAD-EUR Forecasts

     

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    Posted under: #Forecasts #EUR

    Disclaimer: Please note any provider recommendations, currency forecasts or any opinions of our authors should not be taken as a reference to buy or sell any financial product.