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 2021 forecast?
Will the Euro Weaken or Strengthen?
Swiss bank UBS see the EUR/USD rate to rise near 1.27 by the end of 2021 as the world recovers from the pandemic and has less need for USD as a safe haven.
The Euro regained it’s mojo towards the end of 2020 after dropping back in November due to the COVID-19 second-wave outbreak with France, Italy, and Germany. EUR/USD finished December at 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
You can also read our full Foreign Exchange Guide to the Eurozone.
USD to EUR
Swiss bank UBS see the EUR/USD rate to rise near 1.27 (USD/EUR below 0.78) by the end of 2021 as the world recovers from the pandemic and has less need for USD as a safe haven. USD-EUR Forecasts
USD to EUR – Compare and Save
| USD/EUR | Change | Period |
|---|---|---|
| 0.8403 09 Apr 2021 | 0.7% ▼ | 1 Week |
| 0.8345 17 Mar 2021 | 0% ▲ | 30 Days |
| 0.8278 16 Jan 2021 | 0.8% ▲ | 90 Days |
| 0.9209 16 Apr 2020 | 9.4% ▼ | 1 Year |
| 0.8856 17 Apr 2016 | 5.8% ▼ | 5 Years |
| 0.6981 19 Apr 2011 | 19.6% ▲ | 10 Years |
USD/EUR 10 year historic rates & change to 16-Apr-2021 : 0.8346
GBP to EUR
The pound strength has hit a snag in April on concerns relating to AstraZeneca shot – which the U.K. is heavily dependent on – while the euro has strengthened on good immunisation numbers coming out of the eurozone earlier than expected. GBP-EUR Forecasts
GBP to EUR – Compare and Save
| GBP/EUR | Change | Period |
|---|---|---|
| 1.1519 09 Apr 2021 | 0.2% ▲ | 1 Week |
| 1.1662 17 Mar 2021 | 1% ▼ | 30 Days |
| 1.1249 16 Jan 2021 | 2.6% ▲ | 90 Days |
| 1.1500 16 Apr 2020 | 0.4% ▲ | 1 Year |
| 1.2558 17 Apr 2016 | 8.1% ▼ | 5 Years |
| 1.1382 19 Apr 2011 | 1.4% ▲ | 10 Years |
GBP/EUR 10 year historic rates & change to 16-Apr-2021 : 1.1544
AUD to EUR
The Euro continues to struggle in 2021 against the Aussie dollar with AUD/EUR near 2-YEAR HIGHS (over €0.64) due to the Aussie dollar strength and uncertainties over the Eurozone Covid vaccine roll-out. AUD-EUR Forecasts
AUD to EUR – Compare and Save
| AUD/EUR | Change | Period |
|---|---|---|
| 0.6406 09 Apr 2021 | 0.8% ▲ | 1 Week |
| 0.6521 17 Mar 2021 | 1% ▼ | 30 Days |
| 0.6377 16 Jan 2021 | 1.3% ▲ | 90 Days |
| 0.5856 16 Apr 2020 | 10.3% ▲ | 1 Year |
| 0.6787 17 Apr 2016 | 4.8% ▼ | 5 Years |
| 0.7336 19 Apr 2011 | 12% ▼ | 10 Years |
AUD/EUR 10 year historic rates & change to 16-Apr-2021 : 0.6459
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.
CAD-EUR ForecastsCAD to EUR – Compare and Save
| CAD/EUR | Change | Period |
|---|---|---|
| 0.6706 09 Apr 2021 | 0.5% ▼ | 1 Week |
| 0.6736 17 Mar 2021 | 1% ▼ | 30 Days |
| 0.6499 16 Jan 2021 | 2.7% ▲ | 90 Days |
| 0.6560 16 Apr 2020 | 1.7% ▲ | 1 Year |
| 0.6847 17 Apr 2016 | 2.6% ▼ | 5 Years |
| 0.7295 19 Apr 2011 | 8.5% ▼ | 10 Years |
CAD/EUR 10 year historic rates & change to 16-Apr-2021 : 0.6672
