Monthly Forex Market Forecast; Dollar, Euro, Pound, Yen

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Monthly Forex Market Forecast; Dollar, Euro, Pound, Yen

The FOMC Is On Tap

The FOMC is going to be a mega-market mover next week when it decides to cut rates, or not. The market has a lot of expectations built into the meeting and one of them is aggressive rate cuts, as many as three by the end of the year. In my opinion this is far too many, one may be enough and even it may be too many. The U.S. data is still strong, the cause for concern is the trade war and right now its impact is not as bad as feared. The only reason I can see for a cut is slowing and sluggish inflation but even that isn’t a huuuge problem. Lower prices are good for investment and may end up stimulating the economy on their own.

What does this means for the dollar? Over the next week volatility, and then next week more volatility but probably in a single direction. I think that direction will be up for the DXY because I just don’t believe the FOMC is going to be as dovish as the market thinks. The EUR/USD is consolidating near a long-term low. The indicative factor is that the pair is consolidating below the 150 day EMA and a support target, now a resistance line. A fall from this level driven by USD strength/the FOMC would confirm a down trend that began last year. If so, my target for the EUR/USD would be 1.040 over the next 6-8 months. The risks are the ECB and what they do, the ECB is on a path to tighten but their data is equally iffy in that regard.

The GBP/USD is likewise consolidating at a significant low. This low is concurrent with a low set earlier in the year, if broken it would signify a major breakdown in the pound market. The indicators are inconclusive at this time, they might be set up to fire a bearish signal, they might be set up to show a bound from support, it just depends on the FOMC. Also, the new PM is expected any day now, whomever it is they choose to replace May will also have an affect on the pound. Later, the BOE is set to meet in the first week of August and may themselves surprise the market. The UK economy is wobbly and may need some shoring up, if so the GBP/USD is sure to fall through support to 1.200.

GBP/JPY, EUR/JPY Breakout Levels -Euro & British Pound vs Yen Price Forecast

EUR /JPY and GBP/JPY Technical Outlook

  • Euro and British pound against Japanese Yen analysis
  • EUR/JPY and GBP/JPY price charts

GBP/JPY, EURJPY – Price Action

Last week, both Euro and British pound rallied against Japanese Yen. On Friday, EUR/JPY closed the weekly candlestick in the green with a 0.9% gain, meanwhile GBP/JPY closed with a 1.1% gain.

This week, the Relative Strength Index (RSI) remained flat above 50 on both pairs highlighting a paused uptrend momentum.

EUR/JPY Daily PRice CHART (Jun 25, 2020 – JAn 15, 2020) Zoomed Out

EUR/JPY Daily Price CHART (Sep 25 – JAn 15, 2020) Zoomed in

Looking at the daily chart, we notice since Jan 3 sellers has shown signs of hesitation to lead the price. This opened the door for buyers to come back. On Jan 8, the pair closed above 50-Day average providing another bullish signal.

Yesterday, EUR/JPY rallied to 122.76- its highest level in over six months. However, the price declined after to a lower trading zone 121.48 – 122.40 as some buyers took profit.

A close above the high end of the zone could persuade buyers to push towards 123.06. Further close above this level opens the door for GBP/JPY to rally towards 123.86. Nevertheless, the weekly resistance levels underlined on the chart (zoomed in) should be considered.

On the flip-side, another close below the high end of the zone could convince more buyers to exit the market. This could send the price towards the low end. Further close below the low end might pave the way for sellers to take charge and lead the price towards 120.00 handle. Yet, the daily support levels marked on the chart should be watched along the way.

GBP/JPY Daily PRice CHART (Aug 20, 2020 – JAn 15, 2020) Zoomed Out

GBP/JPY Daily PRice CHART (April 25 – JAn 15, 2020) Zoomed In

From the daily chart, we notice in Dec last year GBP/JPY rebounded twice from 50-Day average then rallied signaling seller’s failure to lead the price. On Jan 7, the pair rebounded nearby the high end of current trading zone 141.85 – 143.25. Since then, the price failed in multiple occasions in rallying to a higher trading zone reflecting buyer’s hesitation at this stage.

A close above the high end may end this hesitation and encourage buyers to push towards 146.94 contingent on clearing the weekly resistance levels underlined on the chart. Further close above 147.95 could cause more bullishness towards 153.41. Special attention should be paid at the weekly resistance levels as some traders may exit/join the market nearby these points.

That said, a close below the low end could open the door again for sellers to press towards 137.54. Although, the weekly support areas and level marked on the chart should be kept in focus.

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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

EURO TO DOLLAR FORECAST FOR TOMORROW, WEEK AND MONTH

2020/04/07. EUR TO USD TODAY.

Current EUR to USD exchange rate equal to 1.0877 Dollars per 1 Euro. Today’s range: 1.0787-1.0893. Yesterday’s rate 1.0799. Change for today +0.0078 Dollars, +0.72%. Inverse rate: USD to EUR.

Recent changes for the last periods:

Period 2 Days 3 Days 1 Week 2 Weeks 1 Month
Chng,% +0.58% +0.16% -1.48% +0.81% -3.68%
Ex-Rate 1.0814 1.0860 1.1040 1.0790 1.1293

EUR to USD forecast for tomorrow, this week and month.

EUR to USD forecast by day.

Date Weekday Min Max Rate
04/08 Wednesday 1.0618 1.0942 1.0780
04/09 Thursday 1.0573 1.0895 1.0734
04/10 Friday 1.0476 1.0796 1.0636
04/13 Monday 1.0401 1.0717 1.0559
04/14 Tuesday 1.0389 1.0705 1.0547
04/15 Wednesday 1.0300 1.0614 1.0457
04/16 Thursday 1.0408 1.0724 1.0566
04/17 Friday 1.0548 1.0870 1.0709
04/20 Monday 1.0642 1.0966 1.0804
04/21 Tuesday 1.0698 1.1024 1.0861
04/22 Wednesday 1.0726 1.1052 1.0889
04/23 Thursday 1.0772 1.1100 1.0936
04/24 Friday 1.0519 1.0839 1.0679
04/27 Monday 1.0423 1.0741 1.0582
04/28 Tuesday 1.0272 1.0584 1.0428
04/29 Wednesday 1.0350 1.0666 1.0508
04/30 Thursday 1.0269 1.0581 1.0425
05/01 Friday 1.0190 1.0500 1.0345
05/04 Monday 1.0167 1.0477 1.0322
05/05 Tuesday 1.0031 1.0337 1.0184
05/06 Wednesday 1.0168 1.0478 1.0323
05/07 Thursday 1.0220 1.0532 1.0376
05/08 Friday 1.0310 1.0624 1.0467
05/11 Monday 1.0273 1.0585 1.0429

Euro to Dollar forecast on Wednesday, April, 8: exchange rate 1.0780 Dollars, maximum 1.0942, minimum 1.0618. EUR to USD forecast on Thursday, April, 9: exchange rate 1.0734 Dollars, maximum 1.0895, minimum 1.0573. Euro to Dollar forecast on Friday, April, 10: exchange rate 1.0636 Dollars, maximum 1.0796, minimum 1.0476. EUR to USD forecast on Monday, April, 13: exchange rate 1.0559 Dollars, maximum 1.0717, minimum 1.0401.

In 1 week Euro to Dollar forecast on Tuesday, April, 14: exchange rate 1.0547 Dollars, maximum 1.0705, minimum 1.0389. EUR to USD forecast on Wednesday, April, 15: exchange rate 1.0457 Dollars, maximum 1.0614, minimum 1.0300. Euro to Dollar forecast on Thursday, April, 16: exchange rate 1.0566 Dollars, maximum 1.0724, minimum 1.0408. EUR to USD forecast on Friday, April, 17: exchange rate 1.0709 Dollars, maximum 1.0870, minimum 1.0548. Euro to Dollar forecast on Monday, April, 20: exchange rate 1.0804 Dollars, maximum 1.0966, minimum 1.0642.

In 2 weeks EUR to USD forecast on Tuesday, April, 21: exchange rate 1.0861 Dollars, maximum 1.1024, minimum 1.0698. Euro to Dollar forecast on Wednesday, April, 22: exchange rate 1.0889 Dollars, maximum 1.1052, minimum 1.0726. EUR to USD forecast on Thursday, April, 23: exchange rate 1.0936 Dollars, maximum 1.1100, minimum 1.0772. Euro to Dollar forecast on Friday, April, 24: exchange rate 1.0679 Dollars, maximum 1.0839, minimum 1.0519. EUR to USD forecast on Monday, April, 27: exchange rate 1.0582 Dollars, maximum 1.0741, minimum 1.0423.

In 3 weeks Euro to Dollar forecast on Tuesday, April, 28: exchange rate 1.0428 Dollars, maximum 1.0584, minimum 1.0272. EUR to USD forecast on Wednesday, April, 29: exchange rate 1.0508 Dollars, maximum 1.0666, minimum 1.0350. Euro to Dollar forecast on Thursday, April, 30: exchange rate 1.0425 Dollars, maximum 1.0581, minimum 1.0269. EUR to USD forecast on Friday, May, 1: exchange rate 1.0345 Dollars, maximum 1.0500, minimum 1.0190. Euro to Dollar forecast on Monday, May, 4: exchange rate 1.0322 Dollars, maximum 1.0477, minimum 1.0167.

In 4 weeks EUR to USD forecast on Tuesday, May, 5: exchange rate 1.0184 Dollars, maximum 1.0337, minimum 1.0031. Euro to Dollar forecast on Wednesday, May, 6: exchange rate 1.0323 Dollars, maximum 1.0478, minimum 1.0168. EUR to USD forecast on Thursday, May, 7: exchange rate 1.0376 Dollars, maximum 1.0532, minimum 1.0220.

Some amounts at current EUR to USD exchange rate:

1 EUR = 1.09 USD
2 EUR = 2.18 USD. 3 EUR = 3.26 USD. 4 EUR = 4.35 USD. 5 EUR = 5.44 USD. 6 EUR = 6.53 USD. 7 EUR = 7.61 USD. 8 EUR = 8.70 USD. 9 EUR = 9.79 USD.

10 EUR = 10.88 USD
11 EUR = 11.96 USD. 12 EUR = 13.05 USD. 13 EUR = 14.14 USD. 14 EUR = 15.23 USD. 15 EUR = 16.32 USD. 16 EUR = 17.40 USD. 17 EUR = 18.49 USD. 18 EUR = 19.58 USD. 19 EUR = 20.67 USD.

20 EUR = 21.75 USD
21 EUR = 22.84 USD. 22 EUR = 23.93 USD. 23 EUR = 25.02 USD. 24 EUR = 26.10 USD. 25 EUR = 27.19 USD. 26 EUR = 28.28 USD. 27 EUR = 29.37 USD. 28 EUR = 30.46 USD. 29 EUR = 31.54 USD.

30 EUR = 32.63 USD
31 EUR = 33.72 USD. 32 EUR = 34.81 USD. 33 EUR = 35.89 USD. 34 EUR = 36.98 USD. 35 EUR = 38.07 USD. 36 EUR = 39.16 USD. 37 EUR = 40.24 USD. 38 EUR = 41.33 USD. 39 EUR = 42.42 USD.

40 EUR = 43.51 USD
41 EUR = 44.60 USD. 42 EUR = 45.68 USD. 43 EUR = 46.77 USD. 44 EUR = 47.86 USD. 45 EUR = 48.95 USD. 46 EUR = 50.03 USD. 47 EUR = 51.12 USD. 48 EUR = 52.21 USD. 49 EUR = 53.30 USD.

50 EUR = 54.39 USD
51 EUR = 55.47 USD. 52 EUR = 56.56 USD. 53 EUR = 57.65 USD. 54 EUR = 58.74 USD. 55 EUR = 59.82 USD. 56 EUR = 60.91 USD. 57 EUR = 62.00 USD. 58 EUR = 63.09 USD. 59 EUR = 64.17 USD.

60 EUR = 65.26 USD
61 EUR = 66.35 USD. 62 EUR = 67.44 USD. 63 EUR = 68.53 USD. 64 EUR = 69.61 USD. 65 EUR = 70.70 USD. 66 EUR = 71.79 USD. 67 EUR = 72.88 USD. 68 EUR = 73.96 USD. 69 EUR = 75.05 USD.

70 EUR = 76.14 USD
71 EUR = 77.23 USD. 72 EUR = 78.31 USD. 73 EUR = 79.40 USD. 74 EUR = 80.49 USD. 75 EUR = 81.58 USD. 76 EUR = 82.67 USD. 77 EUR = 83.75 USD. 78 EUR = 84.84 USD. 79 EUR = 85.93 USD.

80 EUR = 87.02 USD
81 EUR = 88.10 USD. 82 EUR = 89.19 USD. 83 EUR = 90.28 USD. 84 EUR = 91.37 USD. 85 EUR = 92.45 USD. 86 EUR = 93.54 USD. 87 EUR = 94.63 USD. 88 EUR = 95.72 USD. 89 EUR = 96.81 USD.

90 EUR = 97.89 USD
91 EUR = 98.98 USD. 92 EUR = 100.07 USD. 93 EUR = 101.16 USD. 94 EUR = 102.24 USD. 95 EUR = 103.33 USD. 96 EUR = 104.42 USD. 97 EUR = 105.51 USD. 98 EUR = 106.59 USD. 99 EUR = 107.68 USD.

100 EUR = 108.77 USD
110 EUR = 119.65 USD. 120 EUR = 130.52 USD. 130 EUR = 141.40 USD. 140 EUR = 152.28 USD. 150 EUR = 163.16 USD. 160 EUR = 174.03 USD. 170 EUR = 184.91 USD. 180 EUR = 195.79 USD. 190 EUR = 206.66 USD.

200 EUR = 217.54 USD
210 EUR = 228.42 USD. 220 EUR = 239.29 USD. 230 EUR = 250.17 USD. 240 EUR = 261.05 USD. 250 EUR = 271.93 USD. 260 EUR = 282.80 USD. 270 EUR = 293.68 USD. 280 EUR = 304.56 USD. 290 EUR = 315.43 USD.

300 EUR = 326.31 USD
310 EUR = 337.19 USD. 320 EUR = 348.06 USD. 330 EUR = 358.94 USD. 340 EUR = 369.82 USD. 350 EUR = 380.70 USD. 360 EUR = 391.57 USD. 370 EUR = 402.45 USD. 380 EUR = 413.33 USD. 390 EUR = 424.20 USD.

400 EUR = 435.08 USD
410 EUR = 445.96 USD. 420 EUR = 456.83 USD. 430 EUR = 467.71 USD. 440 EUR = 478.59 USD. 450 EUR = 489.47 USD. 460 EUR = 500.34 USD. 470 EUR = 511.22 USD. 480 EUR = 522.10 USD. 490 EUR = 532.97 USD.

500 EUR = 543.85 USD
510 EUR = 554.73 USD. 520 EUR = 565.60 USD. 530 EUR = 576.48 USD. 540 EUR = 587.36 USD. 550 EUR = 598.24 USD. 560 EUR = 609.11 USD. 570 EUR = 619.99 USD. 580 EUR = 630.87 USD. 590 EUR = 641.74 USD.

600 EUR = 652.62 USD
610 EUR = 663.50 USD. 620 EUR = 674.37 USD. 630 EUR = 685.25 USD. 640 EUR = 696.13 USD. 650 EUR = 707.01 USD. 660 EUR = 717.88 USD. 670 EUR = 728.76 USD. 680 EUR = 739.64 USD. 690 EUR = 750.51 USD.

700 EUR = 761.39 USD
710 EUR = 772.27 USD. 720 EUR = 783.14 USD. 730 EUR = 794.02 USD. 740 EUR = 804.90 USD. 750 EUR = 815.78 USD. 760 EUR = 826.65 USD. 770 EUR = 837.53 USD. 780 EUR = 848.41 USD. 790 EUR = 859.28 USD.

800 EUR = 870.16 USD
810 EUR = 881.04 USD. 820 EUR = 891.91 USD. 830 EUR = 902.79 USD. 840 EUR = 913.67 USD. 850 EUR = 924.55 USD. 860 EUR = 935.42 USD. 870 EUR = 946.30 USD. 880 EUR = 957.18 USD. 890 EUR = 968.05 USD.

900 EUR = 978.93 USD
910 EUR = 989.81 USD. 920 EUR = 1,000.68 USD. 930 EUR = 1,011.56 USD. 940 EUR = 1,022.44 USD. 950 EUR = 1,033.32 USD. 960 EUR = 1,044.19 USD. 970 EUR = 1,055.07 USD. 980 EUR = 1,065.95 USD. 990 EUR = 1,076.82 USD.

1000 EUR = 1,087.70 USD
1100 EUR = 1,196.47 USD. 1200 EUR = 1,305.24 USD. 1300 EUR = 1,414.01 USD. 1400 EUR = 1,522.78 USD. 1500 EUR = 1,631.55 USD. 1600 EUR = 1,740.32 USD. 1700 EUR = 1,849.09 USD. 1800 EUR = 1,957.86 USD. 1900 EUR = 2,066.63 USD.

2000 EUR = 2,175.40 USD
2100 EUR = 2,284.17 USD. 2200 EUR = 2,392.94 USD. 2300 EUR = 2,501.71 USD. 2400 EUR = 2,610.48 USD. 2500 EUR = 2,719.25 USD. 2600 EUR = 2,828.02 USD. 2700 EUR = 2,936.79 USD. 2800 EUR = 3,045.56 USD. 2900 EUR = 3,154.33 USD.

3000 EUR = 3,263.10 USD
3100 EUR = 3,371.87 USD. 3200 EUR = 3,480.64 USD. 3300 EUR = 3,589.41 USD. 3400 EUR = 3,698.18 USD. 3500 EUR = 3,806.95 USD. 3600 EUR = 3,915.72 USD. 3700 EUR = 4,024.49 USD. 3800 EUR = 4,133.26 USD. 3900 EUR = 4,242.03 USD.

4000 EUR = 4,350.80 USD
4100 EUR = 4,459.57 USD. 4200 EUR = 4,568.34 USD. 4300 EUR = 4,677.11 USD. 4400 EUR = 4,785.88 USD. 4500 EUR = 4,894.65 USD. 4600 EUR = 5,003.42 USD. 4700 EUR = 5,112.19 USD. 4800 EUR = 5,220.96 USD. 4900 EUR = 5,329.73 USD.

5000 EUR = 5,438.50 USD
5100 EUR = 5,547.27 USD. 5200 EUR = 5,656.04 USD. 5300 EUR = 5,764.81 USD. 5400 EUR = 5,873.58 USD. 5500 EUR = 5,982.35 USD. 5600 EUR = 6,091.12 USD. 5700 EUR = 6,199.89 USD. 5800 EUR = 6,308.66 USD. 5900 EUR = 6,417.43 USD.

6000 EUR = 6,526.20 USD
6100 EUR = 6,634.97 USD. 6200 EUR = 6,743.74 USD. 6300 EUR = 6,852.51 USD. 6400 EUR = 6,961.28 USD. 6500 EUR = 7,070.05 USD. 6600 EUR = 7,178.82 USD. 6700 EUR = 7,287.59 USD. 6800 EUR = 7,396.36 USD. 6900 EUR = 7,505.13 USD.

7000 EUR = 7,613.90 USD
7100 EUR = 7,722.67 USD. 7200 EUR = 7,831.44 USD. 7300 EUR = 7,940.21 USD. 7400 EUR = 8,048.98 USD. 7500 EUR = 8,157.75 USD. 7600 EUR = 8,266.52 USD. 7700 EUR = 8,375.29 USD. 7800 EUR = 8,484.06 USD. 7900 EUR = 8,592.83 USD.

8000 EUR = 8,701.60 USD
8100 EUR = 8,810.37 USD. 8200 EUR = 8,919.14 USD. 8300 EUR = 9,027.91 USD. 8400 EUR = 9,136.68 USD. 8500 EUR = 9,245.45 USD. 8600 EUR = 9,354.22 USD. 8700 EUR = 9,462.99 USD. 8800 EUR = 9,571.76 USD. 8900 EUR = 9,680.53 USD.

9000 EUR = 9,789.30 USD
9100 EUR = 9,898.07 USD. 9200 EUR = 10,006.84 USD. 9300 EUR = 10,115.61 USD. 9400 EUR = 10,224.38 USD. 9500 EUR = 10,333.15 USD. 9600 EUR = 10,441.92 USD. 9700 EUR = 10,550.69 USD. 9800 EUR = 10,659.46 USD. 9900 EUR = 10,768.23 USD.

10000 EUR = 10,877.00 USD
10100 EUR = 10,985.77 USD. 10200 EUR = 11,094.54 USD. 10300 EUR = 11,203.31 USD. 10400 EUR = 11,312.08 USD. 10500 EUR = 11,420.85 USD. 10600 EUR = 11,529.62 USD. 10700 EUR = 11,638.39 USD. 10800 EUR = 11,747.16 USD. 10900 EUR = 11,855.93 USD.

11000 EUR = 11,964.70 USD
11100 EUR = 12,073.47 USD. 11200 EUR = 12,182.24 USD. 11300 EUR = 12,291.01 USD. 11400 EUR = 12,399.78 USD. 11500 EUR = 12,508.55 USD. 11600 EUR = 12,617.32 USD. 11700 EUR = 12,726.09 USD. 11800 EUR = 12,834.86 USD. 11900 EUR = 12,943.63 USD.

12000 EUR = 13,052.40 USD
12100 EUR = 13,161.17 USD. 12200 EUR = 13,269.94 USD. 12300 EUR = 13,378.71 USD. 12400 EUR = 13,487.48 USD. 12500 EUR = 13,596.25 USD. 12600 EUR = 13,705.02 USD. 12700 EUR = 13,813.79 USD. 12800 EUR = 13,922.56 USD. 12900 EUR = 14,031.33 USD.

13000 EUR = 14,140.10 USD
13100 EUR = 14,248.87 USD. 13200 EUR = 14,357.64 USD. 13300 EUR = 14,466.41 USD. 13400 EUR = 14,575.18 USD. 13500 EUR = 14,683.95 USD. 13600 EUR = 14,792.72 USD. 13700 EUR = 14,901.49 USD. 13800 EUR = 15,010.26 USD. 13900 EUR = 15,119.03 USD.

14000 EUR = 15,227.80 USD
14100 EUR = 15,336.57 USD. 14200 EUR = 15,445.34 USD. 14300 EUR = 15,554.11 USD. 14400 EUR = 15,662.88 USD. 14500 EUR = 15,771.65 USD. 14600 EUR = 15,880.42 USD. 14700 EUR = 15,989.19 USD. 14800 EUR = 16,097.96 USD. 14900 EUR = 16,206.73 USD.

15000 EUR = 16,315.50 USD

USD TO EUR TODAY.

Current USD to EUR exchange rate equal to 0.9194 Euro per 1 Dollar. Today’s range: 0.9180-0.9270. Yesterday’s rate 0.9260. Change for today -0.0066 Euro, -0.71%.

Recent changes for the last periods:

Period 2 Days 3 Days 1 Week 2 Weeks 1 Month
Chng,% -0.57% -0.15% +1.50% -0.80% +3.83%
Ex-Rate 0.9247 0.9208 0.9058 0.9268 0.8855

USD to EUR forecast for tomorrow, this week and month.

USD to EUR forecast by day.

Date Weekday Min Max Rate
04/08 Wednesday 0.9139 0.9418 0.9276
04/09 Thursday 0.9179 0.9458 0.9316
04/10 Friday 0.9263 0.9546 0.9402
04/13 Monday 0.9331 0.9614 0.9471
04/14 Tuesday 0.9341 0.9626 0.9481
04/15 Wednesday 0.9422 0.9709 0.9563
04/16 Thursday 0.9325 0.9608 0.9464
04/17 Friday 0.9200 0.9480 0.9338
04/20 Monday 0.9119 0.9397 0.9256
04/21 Tuesday 0.9071 0.9348 0.9207
04/22 Wednesday 0.9048 0.9323 0.9184
04/23 Thursday 0.9009 0.9283 0.9144
04/24 Friday 0.9226 0.9507 0.9364
04/27 Monday 0.9310 0.9594 0.9450
04/28 Tuesday 0.9448 0.9735 0.9590
04/29 Wednesday 0.9376 0.9662 0.9517
04/30 Thursday 0.9451 0.9738 0.9592
05/01 Friday 0.9524 0.9814 0.9667
05/04 Monday 0.9545 0.9836 0.9688
05/05 Tuesday 0.9674 0.9969 0.9819
05/06 Wednesday 0.9544 0.9835 0.9687
05/07 Thursday 0.9495 0.9785 0.9638
05/08 Friday 0.9413 0.9699 0.9554
05/11 Monday 0.9447 0.9734 0.9589

Dollar to Euro forecast on Wednesday, April, 8: exchange rate 0.9276 Euros, maximum 0.9418, minimum 0.9139. USD to EUR forecast on Thursday, April, 9: exchange rate 0.9316 Euros, maximum 0.9458, minimum 0.9179. Dollar to Euro forecast on Friday, April, 10: exchange rate 0.9402 Euros, maximum 0.9546, minimum 0.9263. USD to EUR forecast on Monday, April, 13: exchange rate 0.9471 Euros, maximum 0.9614, minimum 0.9331.

In 1 week Dollar to Euro forecast on Tuesday, April, 14: exchange rate 0.9481 Euros, maximum 0.9626, minimum 0.9341. USD to EUR forecast on Wednesday, April, 15: exchange rate 0.9563 Euros, maximum 0.9709, minimum 0.9422. Dollar to Euro forecast on Thursday, April, 16: exchange rate 0.9464 Euros, maximum 0.9608, minimum 0.9325. USD to EUR forecast on Friday, April, 17: exchange rate 0.9338 Euros, maximum 0.9480, minimum 0.9200. Dollar to Euro forecast on Monday, April, 20: exchange rate 0.9256 Euros, maximum 0.9397, minimum 0.9119.

In 2 weeks USD to EUR forecast on Tuesday, April, 21: exchange rate 0.9207 Euros, maximum 0.9348, minimum 0.9071. Dollar to Euro forecast on Wednesday, April, 22: exchange rate 0.9184 Euros, maximum 0.9323, minimum 0.9048. USD to EUR forecast on Thursday, April, 23: exchange rate 0.9144 Euros, maximum 0.9283, minimum 0.9009. Dollar to Euro forecast on Friday, April, 24: exchange rate 0.9364 Euros, maximum 0.9507, minimum 0.9226. USD to EUR forecast on Monday, April, 27: exchange rate 0.9450 Euros, maximum 0.9594, minimum 0.9310.

In 3 weeks Dollar to Euro forecast on Tuesday, April, 28: exchange rate 0.9590 Euros, maximum 0.9735, minimum 0.9448. USD to EUR forecast on Wednesday, April, 29: exchange rate 0.9517 Euros, maximum 0.9662, minimum 0.9376. Dollar to Euro forecast on Thursday, April, 30: exchange rate 0.9592 Euros, maximum 0.9738, minimum 0.9451. USD to EUR forecast on Friday, May, 1: exchange rate 0.9667 Euros, maximum 0.9814, minimum 0.9524. Dollar to Euro forecast on Monday, May, 4: exchange rate 0.9688 Euros, maximum 0.9836, minimum 0.9545.

In 4 weeks USD to EUR forecast on Tuesday, May, 5: exchange rate 0.9819 Euros, maximum 0.9969, minimum 0.9674. Dollar to Euro forecast on Wednesday, May, 6: exchange rate 0.9687 Euros, maximum 0.9835, minimum 0.9544. USD to EUR forecast on Thursday, May, 7: exchange rate 0.9638 Euros, maximum 0.9785, minimum 0.9495.

Some amounts at current USD to EUR exchange rate:

1 USD = 0.92 EUR
2 USD = 1.84 EUR. 3 USD = 2.76 EUR. 4 USD = 3.68 EUR. 5 USD = 4.60 EUR. 6 USD = 5.52 EUR. 7 USD = 6.44 EUR. 8 USD = 7.36 EUR. 9 USD = 8.27 EUR.

10 USD = 9.19 EUR
11 USD = 10.11 EUR. 12 USD = 11.03 EUR. 13 USD = 11.95 EUR. 14 USD = 12.87 EUR. 15 USD = 13.79 EUR. 16 USD = 14.71 EUR. 17 USD = 15.63 EUR. 18 USD = 16.55 EUR. 19 USD = 17.47 EUR.

20 USD = 18.39 EUR
21 USD = 19.31 EUR. 22 USD = 20.23 EUR. 23 USD = 21.15 EUR. 24 USD = 22.07 EUR. 25 USD = 22.99 EUR. 26 USD = 23.90 EUR. 27 USD = 24.82 EUR. 28 USD = 25.74 EUR. 29 USD = 26.66 EUR.

30 USD = 27.58 EUR
31 USD = 28.50 EUR. 32 USD = 29.42 EUR. 33 USD = 30.34 EUR. 34 USD = 31.26 EUR. 35 USD = 32.18 EUR. 36 USD = 33.10 EUR. 37 USD = 34.02 EUR. 38 USD = 34.94 EUR. 39 USD = 35.86 EUR.

40 USD = 36.78 EUR
41 USD = 37.70 EUR. 42 USD = 38.61 EUR. 43 USD = 39.53 EUR. 44 USD = 40.45 EUR. 45 USD = 41.37 EUR. 46 USD = 42.29 EUR. 47 USD = 43.21 EUR. 48 USD = 44.13 EUR. 49 USD = 45.05 EUR.

50 USD = 45.97 EUR
51 USD = 46.89 EUR. 52 USD = 47.81 EUR. 53 USD = 48.73 EUR. 54 USD = 49.65 EUR. 55 USD = 50.57 EUR. 56 USD = 51.49 EUR. 57 USD = 52.41 EUR. 58 USD = 53.33 EUR. 59 USD = 54.24 EUR.

60 USD = 55.16 EUR
61 USD = 56.08 EUR. 62 USD = 57.00 EUR. 63 USD = 57.92 EUR. 64 USD = 58.84 EUR. 65 USD = 59.76 EUR. 66 USD = 60.68 EUR. 67 USD = 61.60 EUR. 68 USD = 62.52 EUR. 69 USD = 63.44 EUR.

70 USD = 64.36 EUR
71 USD = 65.28 EUR. 72 USD = 66.20 EUR. 73 USD = 67.12 EUR. 74 USD = 68.04 EUR. 75 USD = 68.96 EUR. 76 USD = 69.87 EUR. 77 USD = 70.79 EUR. 78 USD = 71.71 EUR. 79 USD = 72.63 EUR.

80 USD = 73.55 EUR
81 USD = 74.47 EUR. 82 USD = 75.39 EUR. 83 USD = 76.31 EUR. 84 USD = 77.23 EUR. 85 USD = 78.15 EUR. 86 USD = 79.07 EUR. 87 USD = 79.99 EUR. 88 USD = 80.91 EUR. 89 USD = 81.83 EUR.

90 USD = 82.75 EUR
91 USD = 83.67 EUR. 92 USD = 84.58 EUR. 93 USD = 85.50 EUR. 94 USD = 86.42 EUR. 95 USD = 87.34 EUR. 96 USD = 88.26 EUR. 97 USD = 89.18 EUR. 98 USD = 90.10 EUR. 99 USD = 91.02 EUR.

100 USD = 91.94 EUR
110 USD = 101.13 EUR. 120 USD = 110.33 EUR. 130 USD = 119.52 EUR. 140 USD = 128.72 EUR. 150 USD = 137.91 EUR. 160 USD = 147.10 EUR. 170 USD = 156.30 EUR. 180 USD = 165.49 EUR. 190 USD = 174.69 EUR.

200 USD = 183.88 EUR
210 USD = 193.07 EUR. 220 USD = 202.27 EUR. 230 USD = 211.46 EUR. 240 USD = 220.66 EUR. 250 USD = 229.85 EUR. 260 USD = 239.04 EUR. 270 USD = 248.24 EUR. 280 USD = 257.43 EUR. 290 USD = 266.63 EUR.

300 USD = 275.82 EUR
310 USD = 285.01 EUR. 320 USD = 294.21 EUR. 330 USD = 303.40 EUR. 340 USD = 312.60 EUR. 350 USD = 321.79 EUR. 360 USD = 330.98 EUR. 370 USD = 340.18 EUR. 380 USD = 349.37 EUR. 390 USD = 358.57 EUR.

400 USD = 367.76 EUR
410 USD = 376.95 EUR. 420 USD = 386.15 EUR. 430 USD = 395.34 EUR. 440 USD = 404.54 EUR. 450 USD = 413.73 EUR. 460 USD = 422.92 EUR. 470 USD = 432.12 EUR. 480 USD = 441.31 EUR. 490 USD = 450.51 EUR.

500 USD = 459.70 EUR
510 USD = 468.89 EUR. 520 USD = 478.09 EUR. 530 USD = 487.28 EUR. 540 USD = 496.48 EUR. 550 USD = 505.67 EUR. 560 USD = 514.86 EUR. 570 USD = 524.06 EUR. 580 USD = 533.25 EUR. 590 USD = 542.45 EUR.

600 USD = 551.64 EUR
610 USD = 560.83 EUR. 620 USD = 570.03 EUR. 630 USD = 579.22 EUR. 640 USD = 588.42 EUR. 650 USD = 597.61 EUR. 660 USD = 606.80 EUR. 670 USD = 616.00 EUR. 680 USD = 625.19 EUR. 690 USD = 634.39 EUR.

700 USD = 643.58 EUR
710 USD = 652.77 EUR. 720 USD = 661.97 EUR. 730 USD = 671.16 EUR. 740 USD = 680.36 EUR. 750 USD = 689.55 EUR. 760 USD = 698.74 EUR. 770 USD = 707.94 EUR. 780 USD = 717.13 EUR. 790 USD = 726.33 EUR.

800 USD = 735.52 EUR
810 USD = 744.71 EUR. 820 USD = 753.91 EUR. 830 USD = 763.10 EUR. 840 USD = 772.30 EUR. 850 USD = 781.49 EUR. 860 USD = 790.68 EUR. 870 USD = 799.88 EUR. 880 USD = 809.07 EUR. 890 USD = 818.27 EUR.

900 USD = 827.46 EUR
910 USD = 836.65 EUR. 920 USD = 845.85 EUR. 930 USD = 855.04 EUR. 940 USD = 864.24 EUR. 950 USD = 873.43 EUR. 960 USD = 882.62 EUR. 970 USD = 891.82 EUR. 980 USD = 901.01 EUR. 990 USD = 910.21 EUR.

1000 USD = 919.40 EUR
1100 USD = 1,011.34 EUR. 1200 USD = 1,103.28 EUR. 1300 USD = 1,195.22 EUR. 1400 USD = 1,287.16 EUR. 1500 USD = 1,379.10 EUR. 1600 USD = 1,471.04 EUR. 1700 USD = 1,562.98 EUR. 1800 USD = 1,654.92 EUR. 1900 USD = 1,746.86 EUR.

2000 USD = 1,838.80 EUR
2100 USD = 1,930.74 EUR. 2200 USD = 2,022.68 EUR. 2300 USD = 2,114.62 EUR. 2400 USD = 2,206.56 EUR. 2500 USD = 2,298.50 EUR. 2600 USD = 2,390.44 EUR. 2700 USD = 2,482.38 EUR. 2800 USD = 2,574.32 EUR. 2900 USD = 2,666.26 EUR.

3000 USD = 2,758.20 EUR
3100 USD = 2,850.14 EUR. 3200 USD = 2,942.08 EUR. 3300 USD = 3,034.02 EUR. 3400 USD = 3,125.96 EUR. 3500 USD = 3,217.90 EUR. 3600 USD = 3,309.84 EUR. 3700 USD = 3,401.78 EUR. 3800 USD = 3,493.72 EUR. 3900 USD = 3,585.66 EUR.

4000 USD = 3,677.60 EUR
4100 USD = 3,769.54 EUR. 4200 USD = 3,861.48 EUR. 4300 USD = 3,953.42 EUR. 4400 USD = 4,045.36 EUR. 4500 USD = 4,137.30 EUR. 4600 USD = 4,229.24 EUR. 4700 USD = 4,321.18 EUR. 4800 USD = 4,413.12 EUR. 4900 USD = 4,505.06 EUR.

5000 USD = 4,597.00 EUR
5100 USD = 4,688.94 EUR. 5200 USD = 4,780.88 EUR. 5300 USD = 4,872.82 EUR. 5400 USD = 4,964.76 EUR. 5500 USD = 5,056.70 EUR. 5600 USD = 5,148.64 EUR. 5700 USD = 5,240.58 EUR. 5800 USD = 5,332.52 EUR. 5900 USD = 5,424.46 EUR.

6000 USD = 5,516.40 EUR
6100 USD = 5,608.34 EUR. 6200 USD = 5,700.28 EUR. 6300 USD = 5,792.22 EUR. 6400 USD = 5,884.16 EUR. 6500 USD = 5,976.10 EUR. 6600 USD = 6,068.04 EUR. 6700 USD = 6,159.98 EUR. 6800 USD = 6,251.92 EUR. 6900 USD = 6,343.86 EUR.

7000 USD = 6,435.80 EUR
7100 USD = 6,527.74 EUR. 7200 USD = 6,619.68 EUR. 7300 USD = 6,711.62 EUR. 7400 USD = 6,803.56 EUR. 7500 USD = 6,895.50 EUR. 7600 USD = 6,987.44 EUR. 7700 USD = 7,079.38 EUR. 7800 USD = 7,171.32 EUR. 7900 USD = 7,263.26 EUR.

8000 USD = 7,355.20 EUR
8100 USD = 7,447.14 EUR. 8200 USD = 7,539.08 EUR. 8300 USD = 7,631.02 EUR. 8400 USD = 7,722.96 EUR. 8500 USD = 7,814.90 EUR. 8600 USD = 7,906.84 EUR. 8700 USD = 7,998.78 EUR. 8800 USD = 8,090.72 EUR. 8900 USD = 8,182.66 EUR.

9000 USD = 8,274.60 EUR
9100 USD = 8,366.54 EUR. 9200 USD = 8,458.48 EUR. 9300 USD = 8,550.42 EUR. 9400 USD = 8,642.36 EUR. 9500 USD = 8,734.30 EUR. 9600 USD = 8,826.24 EUR. 9700 USD = 8,918.18 EUR. 9800 USD = 9,010.12 EUR. 9900 USD = 9,102.06 EUR.

10000 USD = 9,194.00 EUR
10100 USD = 9,285.94 EUR. 10200 USD = 9,377.88 EUR. 10300 USD = 9,469.82 EUR. 10400 USD = 9,561.76 EUR. 10500 USD = 9,653.70 EUR. 10600 USD = 9,745.64 EUR. 10700 USD = 9,837.58 EUR. 10800 USD = 9,929.52 EUR. 10900 USD = 10,021.46 EUR.

11000 USD = 10,113.40 EUR
11100 USD = 10,205.34 EUR. 11200 USD = 10,297.28 EUR. 11300 USD = 10,389.22 EUR. 11400 USD = 10,481.16 EUR. 11500 USD = 10,573.10 EUR. 11600 USD = 10,665.04 EUR. 11700 USD = 10,756.98 EUR. 11800 USD = 10,848.92 EUR. 11900 USD = 10,940.86 EUR.

12000 USD = 11,032.80 EUR
12100 USD = 11,124.74 EUR. 12200 USD = 11,216.68 EUR. 12300 USD = 11,308.62 EUR. 12400 USD = 11,400.56 EUR. 12500 USD = 11,492.50 EUR. 12600 USD = 11,584.44 EUR. 12700 USD = 11,676.38 EUR. 12800 USD = 11,768.32 EUR. 12900 USD = 11,860.26 EUR.

13000 USD = 11,952.20 EUR
13100 USD = 12,044.14 EUR. 13200 USD = 12,136.08 EUR. 13300 USD = 12,228.02 EUR. 13400 USD = 12,319.96 EUR. 13500 USD = 12,411.90 EUR. 13600 USD = 12,503.84 EUR. 13700 USD = 12,595.78 EUR. 13800 USD = 12,687.72 EUR. 13900 USD = 12,779.66 EUR.

14000 USD = 12,871.60 EUR
14100 USD = 12,963.54 EUR. 14200 USD = 13,055.48 EUR. 14300 USD = 13,147.42 EUR. 14400 USD = 13,239.36 EUR. 14500 USD = 13,331.30 EUR. 14600 USD = 13,423.24 EUR. 14700 USD = 13,515.18 EUR. 14800 USD = 13,607.12 EUR. 14900 USD = 13,699.06 EUR.

15000 USD = 13,791.00 EUR

How Euro exchange rate was changing.

Common European currency was introduced in 1999. Euro currency in cash entered into circulation 3 years later – in 2002. Before that, the non-cash Euro and German marks, French francs, and other European currencies in cash were in circulation simultaneously.

When introducing Euro in January, 1999, the European Central Bank fixed its exchange rate against the US Dollar as 1.1743 dollars for 1 Euro. Such relation to Dollar was formed by the Euro predecessor – European currency ECU. The name Euro seemed more harmonious to Europeans than ECU.

The exchange rate of Euro against Dollar mainly depends on the rate of return (interest rates) in these currencies.

1999-2001. Interest rates in Europe are lower – Euro exchange rate declines

Over the period 1999-2001, Euro exchange rate declined significantly against the US Dollar – by 30%, from 1.17 Dollar per 1 Euro in 1999 to just 0.82 Dollar per 1 Euro in 2001. That became the historical minimum of Euro rate to Dollar. The key reason for Euro to Dollar exchange rate decline was the difference in return on investments in assets denominated in Dollars and Euro. The interest rate of the US Federal Reserve (US Central Bank) amounted to 4.5-6.5% per annum during that period, and the European Central Bank rate fluctuated in the range of 2.6-4.5%. Thus, the rate of return was higher in Dollars by an average of 2%, which was materially important for Western investors. The demand for Dollars was higher than the demand for Euro, and consequently, the exchange rate of Euro was declining during that period against Dollar.

2002-2004 – Rates are higher in Europe – Euro exchange rate rises

In 2001, the USA started to lower their interest rate rapidly. Europe followed the US, but it was lowering the interest rate slower. By early 2002, the interest rate in the USA was reduced to 1.75% and in Europe to 2.79%. Return on investments in Euro became more profitable, and Euro exchange rate started to strengthen. By late 2004, Euro exchange rate increased by 60% from 0.84 to 1.36 Dollars per 1 Euro in just 3 years.

2005 – Rates are lower in Europe – Euro exchange rate declines.

Starting from mid 2004, the USA started to raise the interest rate, and, by early 2005, it exceeded the rate in Europe – 2.75-4.25% in USA against 2.4-2.6% in Europe. During 2006, Euro exchange rate declined by 12%, from 1.32 to 1.18.

2006-2008 – US Mortgage Crisis.

The signs of impending financial crisis in the USA began to be manifested in the segment of residential real estate as early as 2006. Financially disadvantaged citizens, who had contracted mortgage loans at low interest rate to purchase housing, were unable to repay their debts at higher rate. The rate of the US Federal Reserve, to which the most affordable mortgage loans with floating interest rate were attached, rocketed from 1-2% in 2002-2004 to over 5% in 2006. Thereby, the amount of loan repayments form many citizens increased by several times, which resulted in their massive default and, eventually, led to the crisis of the entire US financial sphere.

In 2007, the US banks, which invested their funds in mortgage market instruments most actively, found themselves on the verge of bankruptcy. Some banks, for instance, the largest Lehman Brothers, failed to cope with the situation and dropped out of the game. Some banks required financial assistance from the Government, including the largest funds crediting the purchase of housing.

The attractiveness of American assets in the eyes of investors sharply declined due to concerns over further instability. Euro Zone market seemed more stable and more attractive than the US market. Euro interest rate was growing and exceeded the American in mid 2007. The US Federal Reserve, in contrast, started to reduce the rate in 2008, and, by the end of that year, the rate was at its minimum of 0.25%. From 2006 to mid 2008, the exchange rate of Euro to Dollar increased from 1.18 to the record level of 1.57 Dollars per 1 Euro. The increase amounted to 32%.

2009-2020 – Quantitative Easing.

In November, 2008, the US Federal Reserve launched its first program of the so-called “Quantitative easing” (QE1) to provide additional liquidity (tens of billions of Dollars) to American banks aimed at boosting the economy, which appeared in recession. However, in a large measure, the funds were spent on the stock market. US stock market began its rapid growth and started to attract new investments from around the world. American banks began to return their capitals to the country, which resulted in the urgent disposal of investments in the markets of developing countries.

On the other hand, until mid 2020, the rates in Euro remained higher than those in Dollars. The US Federal Reserve launched its Quantitative easing programs two more times – in 2020 and 2020.

Euro to Dollar exchange rate entered the period of high volatility (variability). Euro exchange rate was fluctuating in the range of 1.22-1.50. In early 2009, Euro exchange rate was at the level of 1.27, and at the end of that year – 1.50 Dollars per Euro. The debt problems of Greece and Cyprus contributed to the exchange rate instability. By mid 2020, Euro exchange rate fell to 1.22. In April 2020, Euro exchange rate again rocketed to 1.48. And again, by mid 2020, Euro exchange rate appeared at the level of 1.23 Dollars per 1 Euro. By mid 2020, Euro exchange rate was equal to 1.37.

Over all these years the European Central Bank has been consistently reducing its interest rate, and finally, in mid 2020, the Euro rate was lower than the Dollar rate. The rate amounted to 0.05% against the Dollar rate of 0.25%. Euro exchange rate started to decline rapidly, and in six months, by late 2020, it was reduced by 12%. The exchange rate was 1.21 Dollars per Euro.

2020-Present

In March, 2020, the European Central Bank launched its own program aimed at pumping money into the financial system of Europe (similar to American Quantitative easing). The expectations of pre-announced program were already putting pressure on Euro exchange rate since autumn 2020. Following its launch, investors shifted their attention to the potential start of the US interest rate growth. However, the Federal Reserve has so far postponed it until late 2020. The European Central bank rate is still lower than the US interest rate. By late March, Euro fell to the level of 1.04 Dollars per Euro, whereupon it was adjusted to the range of 1.09-1.16. So the Federal Reserve raised the interest rate at the end of 2020 and then a year later – in December 2020. The rate hike period is on the way.

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