Euro exchange rate for October 2020 by days

2024 Author: James Gerald | [email protected]. Last modified: 2024-01-18 00:05

To form a forecast for the euro exchange rate for October 2020, you need to conduct an extended analysis of the financial situation. In conditions of instability, it is impossible to give an exact scenario of the ratio of currencies, therefore the experts of the Central Bank of the Russian Federation give a table by day with tentative data.

Dynamics of the exchange rate of the European currency against the ruble

Exchange rates are always unstable, because they reflect various factors, events, parameters and processes.

The quotes of the European currency against the ruble are influenced by the political and economic situation in the world community. Experts have formed a tentative forecast.

date	Behavior	Indicator at the beginning of the day	End of day indicator
01.10.2020	the rise	76, 41	80, 54
02.10.2020	the rise	77, 48	78, 25
03.10.2020	without changes	78, 25	78, 25
04.10.2020	without changes	78, 25	78, 25
05.10.2020	the rise	80, 62	81, 64
06.10.2020	the rise	81, 64	82, 05
07.10.2020	the rise	82, 05	83, 03
08.10.2020	the rise	83, 03	83, 79
09.10.2020	decline	83, 79	79, 88
10.10.2020	without changes	79, 88	79, 88
11.10.2020	without changes	79, 88	79, 88
12.10.2020	decline	77, 38	74, 38
13.10.2020	decline	74, 88	71, 18
14.10.2020	decline	71, 18	70, 31
15.10.2020	decline	70, 31	70, 09
16.10.2020	decline	70, 09	69, 25
17.10.2020	without changes	69, 25	69, 25
18.10.2020	without changes	69, 25	69, 25
19.10.2020	the rise	68, 16	69, 01
20.10.2020	the rise	69, 01	69, 44
21.10.2020	the rise	69, 44	70, 09
22.10.2020	the rise	70, 09	70, 53
23.10.2020	the rise	70, 53	72, 27
24.10.2020	without changes	72, 27	72, 27
25.10.2020	without changes	72, 27	72, 27
26.10.2020	the rise	75, 96	79, 75
27.10.2020	the rise	79, 75	80, 27
28.10.2020	the rise	80, 27	83, 79
29.10.2020	the rise	83, 79	84, 51
30.10.2020	decline	84, 51	83, 35
31.10.2020	without changes	83, 35	83, 35

The presented parameters of the euro were formed in accordance with the factors and events that were collected by analysts. At the beginning of the reporting period, the data may be adjusted to reflect changes in circumstances affecting quotations.

Expert opinions

Analysts have suggested how the euro might behave in October this year:

1. According to Sberbank specialists, the minimum indicator for the European currency will be 73.8 rubles, and the maximum - 90.3.
2. APECON experts predict that the minimum euro will be 84, 2 rubles, and the maximum figure - 87, 4 rubles. On average, the euro will be equal to 86 rubles.
3. According to the portal Moneyruss.com, the October figure for the euro will fluctuate between 86.9 and 106.2 rubles.
4. VTB experts say that the European currency will weaken and in the second half of autumn it will reach 67-70 rubles.
5. According to Gazprombank analysts, in the second half of 2020 the euro will decline and reach 65-67 rubles.
6. The Rosselkhozbank believes that in the second half of the year the euro will start to gradually and slowly decline, and the ruble will not rise in price sharply.

Why a long-term forecast cannot be made

Financial market analysts believe that in the current situation it is impossible to predict the long-term scenario of the euro's behavior. The exchange rates can be influenced by various circumstances from the external environment.

Experts say that in the near future the Russian ruble will weaken, but will not reach a critical level. The euro / ruble currency pair most of all attracts foreign investors. This is due to the fact that the situation within the Eurozone is stabilizing. And this will have a beneficial effect on the economy of the Russian Federation.

Representatives of the world financial and economic community believe that soon investors will pay attention to the Russian ruble. The reason for this will be the decline in yields on European bonds.

The forecast for the euro exchange rate for October 2020 will be influenced not only by events in the external environment, but also by other factors. The table by day is tentative and may change in accordance with the price of oil, the policy of the Central Bank of the Russian Federation, indicators of GDP and inflation, the purchasing power of citizens and other factors.

Summarize

1. Exchange rates cannot be accurately predicted, so the experts provide hypothetical scenarios. Under the influence of external and internal factors, the euro can both rise and fall against the Russian ruble.
2. According to analysts, in early October the European currency will reach 76 rubles, and by the end of the month - 83 rubles.
3. During October, the minimum forecast figure is 68.16 rubles, and the maximum is 83.79 rubles.