Switch .com Best Exchange Rates .com Best Exchange Rates .com Best Exchange Rates
    eg: USDCAD, GBP/EUR, AUD to USD, 500 Pound to Yen, 15K Dollar Peso, Send Japan

    Euro Forecasts for 2022

    Immediate forecasts for the euro are being driven entirely by the Russian invasion of Ukraine and the impact on energy prices. This continually updated article reviews EUR bank forecasts and popular cross-rate trends.

    Updated: Apr 27, 2022  
     

    1 EUR = 1.0563 USD
    Sell EUR  →  Buy USD
    EUR to USD at 1.0566 is 2.7% below its 90-day average 1.0856 with range 1.0381-1.1325.
    |
      1 USD = 0.9467 EUR
     
    4-DAY+1.5%2d
    14-DAYHIGH2d

    Euro outlook

    At the start of the tragic Russian invasion of Ukraine the euro sank to parity against the safe-haven Swiss franc hitting 0.9985 francs per euro on March 7th, the lowest since January 2015.

    By the end of April the euro fell to a 5-Year low around 1.05 against the US dollar and the short term news for the single currency is all negative. Global bans against Russian oil and gas and uncertainty over ECB interest rate plans have prompted predictions in the currency markets for parity for the euro against the greenback this year.

    DateEUR/USDChangePeriod
    06 May 2022
    1.0548
    0.2% 2 Week
    19 Feb 2022
    1.1322
    6.7% 3 Month
    20 May 2021
    1.2225
    13.6% 1 Year
    21 May 2017
    1.1203
    5.7% 5 Year
    22 May 2012
    1.2712
    16.9% 10 Year
    25 May 2002
    0.9198
    14.9% 20 Year
    EUR/USD change over periods to 20-May-2022

     

    Will the Euro Weaken or Strengthen?

    As the tragic Ukraine war continues USD/EUR is near 0.95, a 5 year high.

    Due to the Eurozone’s reliance on gas from Russia, the euro is very vulnerable to the events in Ukraine with EUR/USD dropping to around 1.06 by the end of April whereas it had been approaching 1.15 in early February.

     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 1.1820 is just 0.9% below its 90-day average 1.1922 with range 1.1651-1.2109. GBP/EUR Rates

    The BoE’s (UK central bank) gloomy economic forecasts has increased pressure on Sterling. In early May the pound plummeted when the BoE raised rates by just 25bps contrasting with the rate hike of 50bps by the US Federal Reserve.

     GBP-EUR Forecasts

    AUD to EUR

    AUD to EUR 90-Day Currency Trend Chart with Hi, Low, Up, Down AlertsAUD to EUR at 0.6660 is just 0.6% below its 90-day average 0.6698 with range 0.6335-0.6948. AUD/EUR Rates

    The effect of Ukraine crisis on energy prices hurts the euro and helps the gas and oil exporting Aussie and have helped the AUD/EUR rate to rise back to 4 year highs trading around the 0.66 level (1EUR=$A1.5).

    The euro has dropped 10 cents in one month and is down 2.7 per cent this year.

     AUD-EUR Forecasts

    CAD to EUR

    CAD to EUR 90-Day Currency Trend Chart with Hi, Low, Up, Down AlertsCAD to EUR at 0.7371 is 1.7% above its 90-day average 0.725 with range 0.6914-0.7457. CAD/EUR Rates

    Into March CAD/EUR has trading above the 0.71 level (1 EUR = 1.4 CAD), this a few percent from where the rate ended 2021. The effect of Ukraine crisis on energy prices hurts the euro and helps the gas and oil exporting Canadian dollar.

     CAD-EUR Forecasts

     

    Loading rates...

    ProviderAmountsRateCost
       
       
       
       
     
     

    More Forecasts


     
     
    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.