USD to EUR Forecasts

Other more optimistic forecasters, believing the ECB’s support of the eurozone economy is working, suggest EUR/USD will test new highs at the very beginning of 2021. If this early test holds they believe EUR/USD will have a good chance of a strong upside trend against the U.S. dollar this year.

USDEUR experienced a sell-off to its yearly lows in mid December as investors moved away from the safe haven of the dollar and into riskier assets, off the back of Biden winning the presidential election and the positive news of COVID-19 vaccine testing.

European Central Bank chief Christine Lagarde announced more stimulus at their December 10 meeting to help the eurozone battle a second coronavirus wave.

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, EURUSD will likely trade within a range of 1.20-1.24 (USDEUR 0.80-0.83) in December. Currency Update

Note that forecasts and predictions for the USD/EUR exchange rate change all the time, affected by news events and relative sentiment towards the US and Eurozone economies and this exchange rate is even more volatile than usual because of the uncertainties around the Coranavirus pandemic.

You can read about other USD exchange rate forecasts here USD Trends and Forecasts for 2020.

USD to EUR Exchange Rates – Compare and Save

What is a good USD to EUR exchange rate?

Whether the euro will rise or drop in the future against the US dollar is a difficult question and the answer really depends on many factors. The best way to consider the current USD-EUR relative value is to check the change in the exchange over a range of periods to the present day. The below table does this for periods going back 10 years.