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.
BER ResearchEuro outlook
There will be a close eye kept on Eurozone inflation data on October 29, any upside surprise could support the euro.
| EUR/USD was | Change | Period |
|---|---|---|
1.1619 04 Oct 2021 | 0.1% ▼ | 2 Weeks |
1.1783 20 Jul 2021 | 1.4% ▼ | 90 Days |
1.1717 18 Oct 2020 | 0.9% ▼ | 1 Year |
1.0975 19 Oct 2016 | 5.8% ▲ | 5 Years |
1.3863 21 Oct 2011 | 16.2% ▼ | 10 Years |
0.8899 23 Oct 2001 | 30.5% ▲ | 20 Years |
Will the Euro Weaken or Strengthen?
You can also read our full Foreign Exchange Guide to the Eurozone.
GBP to EUR
GBP to EUR at 1.1820 is 0.9% above its 90-day average, range 1.1568-1.1858. 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 OutlookAUD to EUR
AUD to EUR at 0.6395 has risen 2.5% above its 90-day average, range 0.6095-0.6397. 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 OutlookCAD to EUR
CAD to EUR at 0.6954 has risen 2.7% above its 90-day average, range 0.6650-0.6971. CAD/EUR Rates
CAD/EUR has risen to 0.69 as the energy crisis hurts the euro and helps the gas and oil exporting Canadian dollar. CAD-EUR Outlook
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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.