What will be the euro exchange rate in November 2021 and what experts say

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

According to experts, it is possible to predict the rate of the European currency based on the collected factors and calculations. Events influencing changes in value are also predictable. But even the most reputable analyst cannot accurately name the numbers and determine what the euro exchange rate will be in November 2021.

Prospects for changes in the value of the euro

A fresh forecast will be formed closer to the onset of autumn. The data can be adjusted depending on the events affecting the dynamics.

An increase in the value of the euro is possible with a decrease in the cost of oil. Most economists say the price per barrel is expected to decline by the end of the year. If the decline in prices does not stop by mid-autumn, an increase in the value of the European currency should be expected.

Domestic demand for goods also affects the value of the euro. A decrease in the average check for purchases, a decrease in demand for services increases the value of the euro. Russia is gradually emerging from the economic crisis caused by the coronavirus.

The capacities of manufacturing enterprises are growing too slowly. Wellness centers, swimming pools and fitness centers are still in crisis. The public catering sector can only reach positive values by the end of the year.

Until the economic situation in the country improves, the ruble will not be able to strengthen. And the euro is expected to grow gradually.

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Possible depreciation

What the euro exchange rate will be in November 2021 can be determined by taking a closer look at the factors influencing the development of the situation. November is the last month of autumn, which does not open or close the next quarter. Therefore, one should not expect a depreciation from the side of calendar changes.

A possible depreciation of the euro is affected by a decrease in inflation. Neither in Europe nor in Russia will the inflation rate decrease by the end of the year. Only growth is possible. Already now the rate is 6.5% per annum. This is the highest mark since August 2016.

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Dynamics of the euro exchange rate in the table

What will be the euro exchange rate in November 2021, it will become clear from the statistics.

Day of week	Direction	Start of the day	End of the day
Nov. 1	-
November 2	the rise	85, 82	87, 82
the 3rd of November	the rise	87, 82	87, 24
November 4th	the rise	87, 24	87, 99
November 5	the rise	87, 99	88, 56
6 November	without changes	88, 56	88, 56
7 november	without changes	88, 56	88, 56
8 november	decline	89, 1	88, 65
November 9	decline	88, 65	87, 8
10th of November	decline	87, 8	87, 24
11th of November	decline	87, 24	85, 82
12 november	decline	85, 82	85, 44
the 13th of November	without changes	85, 44	85, 44
14 november	without changes	85, 44	85, 44
15th of November	decline	83, 55	83, 42
November 16	decline	83, 42	83, 18
17 november	decline	83, 18	82, 8
November 18th	decline	82, 8	82, 67
19 november	the rise	82, 67	82, 99
20 November	without changes	82, 99	82, 99
November 21	without changes	82, 99	82, 99
November 22	the rise	83, 45	83, 93
23 november	the rise	83, 93	84, 4
24 november	the rise	84, 4	85, 49
November 25	the rise	85, 49	86, 2
November 26	the rise	86, 2	86, 94
November 27	without changes	86, 94	86, 94
November 28	without changes	86, 94	86, 94
29th of November	the rise	89, 46	89, 78
November 30th	decline	89, 78	88, 84

The data prepared by the specialists show that the increase in the euro exchange rate is possible, but only by 1-2%.

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Forecast for November

The European currency has no stable values. One of the factors influencing volatility is the dollar exchange rate. If the value of the American currency fluctuates, the dynamics of the euro changes after it.

It is possible to predict whether the European currency will fall or rise at the rate of the American one. And the dollar is unlikely to decline anytime soon. But experts have noticed another trend: the dollar is strengthening, while the euro is falling against it. This is due to the problems of the European economy.

The course in early November is 85, 82 rubles. for 1 euro. The maximum value is expected to be 89, 78, the minimum will drop to 82, 8 rubles. Average rate per month - 85.8 rubles.

The dynamics of the euro exchange rate at the end of the month will show changes up to 88.84 rubles. According to expert forecasts, the cost will rise to 89, 78, then decline. In general, November will show fluctuations from -0.12 to +1.4.

Outcomes

Changes in the euro exchange rate in November will be facilitated by economic factors within the country and foreign policy. Presumptive forecasts are not accurate data. What will be the euro exchange rate in November 2021, statistics show. The price for 1 euro will not rise above 90 rubles.