2019 Euro Dollar Forecast

Forecasts for the Euro against the US dollar (EUR USD) varies across different banks and over time. This article takes a look at the trend in EUR USD forecasts and other key EUR cross currency rates.

Bank forecasts for the Euro Dollar in 2019

The EUR USD exchange rate appears to be recovering, rising to 1.1950 after hitting a low point in December.

In 2017, €1.00 Euro only bought you about $1.00 US dollar, but for most of 2018 the Euro remained between 1.1216-1.2555. In 2019, most bank analysts predict the EUR USD to remain flat or mildly rise within a similar 1.1200-1.2500 range throughout the year.

 

Updated in January, 2019

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EUR Crosses Bank Forecasts

EUR GBP forecast for 2019

Most of the major banks agree the EUR GBP cross rate will fall from current levels of 0.9000 towards 0.8500 by the end of 2019. With all of the political issues around the UK exiting the Eurozone, there is still a lot of uncertainty and it looks like banks are taking a cautious approach to forecasting the EUR GBP.

EUR AUD forecast for 2019

Longer term outlooks for 2019 by major financial institutions suggest the EUR AUD cross rate will decline towards 1.4700. Currently the EUR AUD cross rate is at 1.5870.

EUR JPY forecast for 2019

The EUR JPY cross rate is falling slightly to 124.06. Most of the major banks are cautious and expect the EUR JPY rate to remain around 126.00 by the end of the year.

How does a rising Euro affect me?

A rising Euro is great for citizens of the 19 countries in the Eurozone who are lucky enough to move or travel overseas or who are already living abroad.

If you are an expat or pensioner supporting your lifestyle abroad using a Euro bank account, you will be able to transfer money overseas at better rates next year if the bank analysts forecasts are accurate. It means you have greater buying power, because you can purchase more Pounds Sterling while you’re in the UK, or Aussie dollars if you’re in Australia, for example.

If you’re planning to travel abroad for a holiday next year, a stronger Euro will certainly help you, particularly if you choose a destination with a weaker currency. A trip to the UK, perhaps?

What are the top 3 influences on the Euro?

1. Eurozone Economies

Growth in the 19 Eurozone countries was surprisingly strong in 2018, led by Germany and France. This supported the Euro and the Euro against most crosses. However, uncertainty over global growth means the Eurozone countries may not continue the positive economic growth momentum in 2019.

2. Eurozone Politics

Many are still unsure whether integrating the economies of 19 countries into one bundle (the Eurozone) will work. If one country has political issues, it can create uncertainty for the whole Eurozone. Greater uncertainty from politics means investors will sell the Euro, because there is a greater chance of it getting weaker.

3. Other Currencies

The US dollar (USD) has a significant influence on the Euro. Generally, when the USD gets stronger, the Euro is relatively weaker and vice versa. With the USD expected by analysts to be weaker in 2019, it could boost a stronger Euro performance.

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General advice: The information on this site is of a general nature only. It does not take your specific needs or circumstances into consideration. You should look at your own personal situation and requirements before making any financial decisions.