What will be the euro exchange rate in September 2021, what experts say

2024 Author: James Gerald | [email protected]. Last modified: 2023-12-17 14:00

At the beginning of this year, a sensational forecast by economists was published, which declared the year a time of instability for the two reserve currencies. However, this prophecy came out in the same way as with the announced euro exchange rate to 145-150. All world currencies to one degree or another in the current year are subject to small ups and downs, but no dramatic changes in quotations have been noted. Against the background of the usual August turbulence, the answer to the question of what the euro exchange rate will be in September 2021 varies from optimistic to a permanent default, which has been expected for more than a decade.

Situation overview

Despite the assertions of the authors of some publications that it is difficult to predict in the long term, it is difficult to predict what the euro exchange rate will be in September 2021, even in August. Investors are not inclined to track the exchange rate in August, since the usual instability this month is most often associated with the absence of large players on the international currency exchange. August is a traditional vacation time, marked by small jumps, followed by relative stability in autumn.

It is interesting to recall the opinions of experts voiced in December last year:

• Sberbank analysts, persistently assuring the population of the inevitable growth of the rate of European money, in September predicted a mark of up to 78 rubles / euro;
• VTB, giving a confident forecast for the growth of the dollar, indicated a probable decrease in the euro to 83 rubles;
• Alfa-Bank in late summer and early autumn saw the quotes of the Eurozone currency at around 103 rubles;
• Russian Standard was confident in an inevitable decline in quotations by the end of the year, but with an increase in the summer-autumn period to 100 rubles. and more.

The Prognozex agency, answering the question of what the euro exchange rate will be in September 2021, called 95.8 rubles in the first decade, starting from the third - it predicted a decrease of more than 4%.

The approximate forecast, drawn up in the opinion of bank analysts, only a little later, promises a September start from 99.79 rubles, expecting a decline by as much as 11 points at the end of the month.

Interesting! What will be the dollar exchange rate in September 2021 and expert opinions

Consistency of forecasts

The opinions of financial analysts are often biased and based on initially negative assessments of the Russian ruble. Sane experts have long ago declared that it was underestimated by at least 15%.

Some experts recommend focusing on the analytics of the Central Bank, but this is just a forecast made by analyzing the dynamics over the past years. The real definition of what the euro exchange rate will be in September 2021 takes place on the eve of a certain date when it is possible to take into account and calculate all the risks associated with current events in geopolitics and finance.

All that can be said with confidence about the upcoming month: you need to constantly monitor the current quotes, quickly respond to current ups and downs. In this case, you should have in your portfolio not one currency, but at least three. Financiers always insist on this, advising how to preserve their savings.

An approximate idea of whether the European Union currency will fall or rise can be obtained from a table compiled according to the annual dynamics of the beginning of the autumn season:

Dates	The fall	Enhancement
September 2-7	From 1.21 to 0.11%
September 8-17		From 1.47% to 0.9%
September 20-29	From 1.33% to 0.19%
September 30th		0, 33%

In numerical terms, this means that at the beginning of the month the euro starts at almost 91 rubles, and by the end it will approach 87 rubles / euro. But between these values there will be 94 and 93 rubles for one European bill. It is not advisable to buy or sell on days when the currency is peaking or declining to a low, based on this table. This is because many banking experts are sure that the euro will rise, but there are also opinions that it will fatally fall in price in the second half of December.

Interesting! Who will increase salaries in 2022 in Russia

Influencing factors

One can come across assertions that the euro is consistently showing a stable growth, and investments in it will help to preserve savings. Serious publications talk about the economic crisis and its impact on all countries, the manipulations carried out by banking systems in order to reduce the cost of goods in the Eurozone due to falling quotations and make them more attractive to buyers.

An equally important factor that weakens this type of reserve currency is its dependence on the dollar. Paired with the currently unstable American currency, the euro repeats the fall, but to a lesser extent. If the factors of the decline in the euro and the strengthening of the ruble interact, this will lead to even greater instability.

A lot of them:

• oil prices and investments in the Russian economy;
• stability of the situation in Russia and among its economic partners;
• import substitution and a decrease in the share of imports;
• public confidence in their own currency - lack of excitement for the purchase of foreign money.

Speaking about what the euro exchange rate will be in September 2021, independent analysts mention an average figure of 90 rubles / euro. The EU currency also has risk factors and they must be taken into account. This is the economic decline due to the coronavirus pandemic, the high cost of goods from local manufacturers and the loss of interest in them from wholesale buyers. The focus of the economy of some countries exclusively on the tourism sector, migrants and dependence on the dollar, which is now unstable - all this can also be considered risk factors.

Outcomes

The forecast for the euro is stability with small drops and ups:

• The average rate is called around 90 rubles. for the euro.
• The forecast may change due to geopolitical events, the situation on the stock exchange.
• The exact forecast is the figures from the Central Bank on a specific day. Everything that is indicated in advance may change under the influence of unforeseen factors, internal and external.
• The desire to make money on currency quotes can always lead to financial losses.