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USD to EUR Forecasts

In Q2 2021 the Euro has re-gained strength versus the greenback, a reverse on Q1 where the reflation trade — an increase in US interest rates — had pushed up the USD exchange rate against most currencies.

USD to EUR 90-day trend

 
USDEUR at 0.8312 is just below its 90-day average, range 0.8214-0.8534.
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Euro to US dollar Forecasts

 
Goldman Sachs see the EUR/USD rate hitting 1.25 (USD/EUR below 0.80) in the next 3 months, up from their previous prediction of 1.21 dollars to the euro.

ING see the ECB decision to lean against the rising bond yields as a positive for EUR/USD. They expect EUR/USD to move above 1.2500 this summer.

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.

Other 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.

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 2021.

 

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.

USD/EURChangePeriod
0.8395
12 Apr 2021
1% ▼1 Week
0.8371
20 Mar 2021
0.8% ▼30 Days
0.8238
19 Jan 2021
0.8% ▲90 Days
0.9205
19 Apr 2020
9.8% ▼1 Year
0.8849
20 Apr 2016
6.1% ▼5 Years
0.6871
22 Apr 2011
20.9% ▲10 Years

USD/EUR 10 year historic rates & change to 19-Apr-2021 : 0.8307

   
Please note that the opinions of our authors are their own and do not reflect the opinion of Best Exchange Rates and should not be taken as a reference to buy or sell any financial product.