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?
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
USD to EUR – Compare and Save
| USD/EUR | Change | Period |
|---|---|---|
| 0.8151 07 Jan 2021 | 0.9% ▲ | 1 Week |
| 0.8227 15 Dec 2020 | no change | 30 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
GBP to EUR – Compare and Save
| GBP/EUR | Change | Period |
|---|---|---|
| 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
AUD to EUR – Compare and Save
| AUD/EUR | Change | Period |
|---|---|---|
| 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
CAD to EUR – Compare and Save
| CAD/EUR | Change | Period |
|---|---|---|
| 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