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    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: Sep 06, 2022  
     

    1 EUR = 0.9552 USD
    Sell EUR  →  Buy USD
    EUR to USD at 0.9551 is 5.3% below its 90-day average 1.0085 with range 0.9551-1.0481.
    |
      1 USD = 1.0470 EUR
     
    7-DAY-4.2%
    90-DAYLOW

    Euro outlook

    Major banks are forecasting the eurozone common currency to fall to $0.95 by the end of the year.

    This multi-year low for the euro vs the US dollar looks only to worsen as winter approaches; the short term news for the single currency is all negative.

    DateEUR/USDChangePeriod
    13 Sep 2022
    0.9978
    3.8% 2 Week
    29 Jun 2022
    1.0446
    8.1% 3 Month
    27 Sep 2021
    1.1696
    17.9% 1 Year
    28 Sep 2017
    1.1781
    18.5% 5 Year
    29 Sep 2012
    1.2857
    25.3% 10 Year
    02 Oct 2002
    0.9844
    2.5% 20 Year
    EUR/USD historic rates & change to 27-Sep-2022

     

    Factors that Affect the Euro Exchange Rate

    The euro has dropped below parity vs greenback, for the first time in two decades, over the impact of Russian oil and gas threats plus uncertainty over ECB interest rate plans.

    The weak euro is boosting import costs to Eurozone businesses, with a record jump in inflation and energy costs hurting the single-currency economy.

    Still the European Central Bank surprised markets mid July when it increased interest rates by a half a percent, the first rise in over a decade.

    EUR to CHF

    EUR to CHF 90-Day Currency Trend Chart with Hi, Low, Up, Down AlertsEUR to CHF at 0.9503 is 2.4% below its 90-day average 0.9741 with range 0.9503-1.0018. EUR/CHF Rates

    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.

    GBP to EUR

    GBP to EUR 90-Day Currency Trend Chart with Hi, Low, Up, Down AlertsGBP to EUR at 1.1152 is 4.5% below its 90-day average 1.1679 with range 1.1114-1.1966. GBP/EUR Rates

    Mid-year the GBP/EUR rate is well down to around to the 1.15-16 levels, well down from the recent high of 1.21 in March.

    This is some achievement given the Euro has been under heavy pressure itself from impact on gas prices by the the war in Ukraine.

    The BoE’s (UK central bank) gloomy economic forecasts has also increased pressure on Sterling.

     GBP-EUR Forecasts

    AUD to EUR

    AUD to EUR 90-Day Currency Trend Chart with Hi, Low, Up, Down AlertsAUD to EUR at 0.6686 is 1.4% below its 90-day average 0.6783 with range 0.6535-0.6996. AUD/EUR Rates

    Due to the Eurozone’s reliance on gas from Russia, the euro remains vulnerable with AUD/EUR at a 5-year High in August near 0.70, whereas it had been approaching 0.60 in early February before the start of Putin’s so called Russian ‘special miliary operation’ in Ukraine.

     AUD-EUR Forecasts

    CAD to EUR

    CAD to EUR 90-Day Currency Trend Chart with Hi, Low, Up, Down AlertsCAD to EUR at 0.7602 is near its 90-day average 0.7605 with range 0.7411-0.7754. CAD/EUR Rates

    In late August CAD/EUR is trading around the 0.77 level, 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

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

     

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    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.