Switch

Euro Forecasts for 2020

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 forecast summary?

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

EUR in the markets

The Euro has regained it’s mojo in December after dropping back in November due to the COVID-19 second-wave outbreak with France, Italy, and Germany. EUR/USD is 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

On Brexit, Nordea Research has said that “no deal” will have the euro buying £0.95, that a Norway-type Brexit (“Norway plus”) or permanent customs union will lead to £0.81-0.83, and a deal akin to the current withdrawal agreement should see £0.83-0.84.

EUR/AUD could be a lot higher by year-end, at rates between A$1.67 and A$1.785, based on implied forecasts from Danske Bank and Westpac.

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

USD to EUR

TD Bank told Bloomberg TV on Jan 10 they see the EUR/USD to push below 1.20 (USD/EUR above 0.83) on optimism over the vaccine role out.

Get more details in the article USD to EUR Forecasts.


 

USDEUR Trend & Alerts

USDEUR at 0.8254 is a little below its 90-DAY average, range 0.8112-0.8591.
🔔 USDEUR is at 30-DAY HIGHS.
|
Alert:30-DAY HIGHS |
US Dollar to Euro
Invert Rate
SELL EUR / BUY USD

USD to EUR – Compare and Save
USD/EURChangePeriod
0.8151
07 Jan 2021
0.9% ▲1 Week
0.8227
15 Dec 2020
no change30 Days
0.8535
16 Oct 2020
3.6% ▼90 Days
0.8967
15 Jan 2020
8.3% ▼1 Year
0.9163
16 Jan 2016
10.2% ▼5 Years
0.7507
17 Jan 2011
9.6% ▲10 Years

USD/EUR 10 year historic rates & change to 14-Jan-2021 : 0.8227


GBP to EUR

Sterling starts the new year up against the euro trading mid January at 90-DAY HIGHS at €1.1261.

Get more details in the article GBP to EUR Forecasts.


 

GBPEUR Trend & Alerts

GBPEUR at 1.1229 is a little above its 90-DAY average, range 1.0920-1.1261.
|
Pound Sterling to Euro
Invert Rate
SELL EUR / BUY GBP

GBP to EUR – Compare and Save
GBP/EURChangePeriod
1.1060
07 Jan 2021
1.8% ▲1 Week
1.1064
15 Dec 2020
1.8% ▲30 Days
1.1023
16 Oct 2020
2.1% ▲90 Days
1.1693
15 Jan 2020
3.7% ▼1 Year
1.3063
16 Jan 2016
13.8% ▼5 Years
1.1937
17 Jan 2011
5.7% ▼10 Years

GBP/EUR 10 year historic rates & change to 14-Jan-2021 : 1.1259


AUD to EUR

The Euro has continued to struggle in December against the Aussie dollar with AUD/EUR staying at 6-MONTH HIGHS (above €0.62) due to the Aussie dollar strength and despite the resolution to Brexit negotiations.

Get more details in the article AUD to EUR Forecasts.


 

AUDEUR Trend & Alerts

AUDEUR at 0.6369 is 3.2% above its 90-DAY average, range 0.5961-0.6399.
|
Australian Dollar to Euro
Invert Rate
SELL EUR / BUY AUD

AUD to EUR – Compare and Save
AUD/EURChangePeriod
0.6331
07 Jan 2021
1.1% ▲1 Week
0.6218
15 Dec 2020
2.9% ▲30 Days
0.6044
16 Oct 2020
5.9% ▲90 Days
0.6194
15 Jan 2020
3.3% ▲1 Year
0.6286
16 Jan 2016
1.8% ▲5 Years
0.7460
17 Jan 2011
14.2% ▼10 Years

AUD/EUR 10 year historic rates & change to 14-Jan-2021 : 0.6400


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.

Get more details in the article CAD to EUR Forecasts.


 

CADEUR Trend & Alerts

CADEUR at 0.6486 is a little above its 90-DAY average, range 0.6352-0.6508.
|
Canadian Dollar to Euro
Invert Rate
SELL EUR / BUY CAD

CAD to EUR – Compare and Save
CAD/EURChangePeriod
0.6425
07 Jan 2021
1.3% ▲1 Week
0.6479
15 Dec 2020
0.5% ▲30 Days
0.6470
16 Oct 2020
0.6% ▲90 Days
0.6877
15 Jan 2020
5.4% ▼1 Year
0.6310
16 Jan 2016
3.2% ▲5 Years
0.7600
17 Jan 2011
14.4% ▼10 Years

CAD/EUR 10 year historic rates & change to 14-Jan-2021 : 0.6509

 
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.