Euro exchange rate for February 2020

2024 Author: James Gerald | [email protected]. Last modified: 2024-01-12 17:37

Sberbank for the success of its activities is forced to keep a whole staff of financial analysts and experts. Their functions include not only the development of an economic strategy, but also the forecast of the exchange rate. Today the Euro is considered a reliable currency. Whether this situation will continue in February 2020, is shown by the table by day, compiled by analysts. Exact calculation - 80% probability.

Euro as an alternative unit of calculation

Not so long ago, an ordinary Russian was interested in the exchange rate of the dollar against the ruble, since the fragile economic stability, the level of inflation and the rise in prices in his everyday realities depended on this. However, now the forecast of the euro exchange rate is of interest not only to employees of financial institutions and banking structures.

Increasingly, one comes across advice not to keep all savings in dollars, since they promise to stop using the dollar as a unit of mutual settlement between countries. The media are circulating rumors about the impending de-dollarization, which is being used by the state as a tool to reduce inflation.

At the end of 2019, insignificant growth and decline of the American currency is predicted, on which the average man will have little to lose and earn.

Analysts are more optimistic about the EU currency. And at the same time, although there are forecasts not only for the end of the outgoing year, but also for January and February 2020 and even for the next three years. Nevertheless, the table by day from Sberbank and other reliable sources is considered correct only by 80%.

There are several reasons why relative inaccuracies may appear in the forecast of the euro exchange rate, among them - military actions in the territory of the European Union or Russia, the rise or fall in oil prices, sudden weather disasters or an unexpected increase in inflation. It is 100% impossible to predict sudden incidents.

However, modern information technologies make it possible to make fairly reliable predictions on the existing exchange of information and the possibility of performing calculations using special programs.

Reasons for adhering to relatively positive dynamics

February 2020 is just around the corner, so in financial transactions you can confidently rely on the forecast made by Sberbank and other authoritative authorities. The peculiarities of the activities of independent experts suggest that they may have their own opinion, which differs from the generally accepted one.

Therefore, a group of pessimistic people believes that the table by day from one of the most reliable banks in Russia does not correspond to the real state of affairs and predicts a catastrophic fall for the ruble. Optimists are confident that the Russian Federation has all the prerequisites for stabilizing its own currency:

• gradual but steady growth of GDP;
• lack of external debts and raw materials;
• lower inflation and the planned move away from dollar dependence.

The forecast for the euro exchange rate for February 2020, compiled by sober-minded people based on real numbers, can be viewed below. Analysts note that the volatility of the ruble and the euro in the table by day from financial experts is also based on the relatively stable position of the European Union, GDP growth expected in the amount of 1.2%, the outlined and tangible opposition of Russia and China to the United States, which gives the European states certain financial bonuses.

Sberbank assumes that the value of the currency from the European Union will be set at no more than 60 rubles.

Russian analytical bureaus are confident that in February 2020 it will not be less than 64 rubles per 1 euro, and independent experts are confident that the euro will reach the notorious 80 in rubles, which appears in both dollar forecasts and the European currency.

The table by days from Sberbank for the whole of 2020 is full of optimism and really differs significantly from the same period in 2019. Fluctuations in the euro exchange rate are mainly associated with the end or the beginning of the working week and do not inspire much cause for concern and concern. The month starts and ends at a cost of 64 - 65 rubles per euro. February does not show any tangible deviations from this figure, although on some days the European currency may fall to 62 rubles.

The contradictory opinions of independent experts about the prospects for the Russian ruble in no way suggest that the domestic currency has not begun to strengthen both against the dollar and against the euro. Sberbank offers depositors on deposits relatively high interest rates for the ruble stock and minimal for foreign ones. This can be interpreted as a result of government support or as a harbinger of changes in the financial world of the world caused by the weakening of the US position.

Forecasts of other banks

Gazprombank predicts the following euro exchange rate:

• at the beginning of February 2020 - 80, 88;
• at the end of February 2020 - 84, 13.

Uralsib Bank predicts the following euro exchange rate:

• at the beginning of February 2020 - 81, 72;
• at the end of February 2020 - 85, 39.

Bonus

The forecast from Sberbank is trustworthy, as a staff of highly qualified analysts is working on it. The table is published for those who have the European currency, intend to sell, purchase or invest in deposits:

1. Thanks to the work of experts, you can determine the most profitable days.
2. Even minimal ruble losses can be avoided using the table.
3. It is used in their work by other financial organizations.
4. Compared to the same month in 2019, the ruble will strengthen and stabilize.