Euro exchange rate for January 2020

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

Not only financiers, but also ordinary citizens are interested in the forecast of the euro exchange rate for January 2020 with a detailed table in which all quotes are listed by day. So far, there is no such table, but there is a short-term forecast compiled by experts from Sberbank and other leading credit and financial institutions in Russia.

For individuals who have used the European currency as a way to protect their ruble savings from inflation, it is especially important to learn about the euro exchange rate early next year.

What can affect the euro exchange rate at the beginning of 2020?

Corporate and private investors need a forecast of the euro exchange rate for January 2020 in a table by day from Sberbank or other banks in order to be confident in their foreign exchange investments.

Year	Day of week	Course at the beginning of the day Euro rate
2020	January 1st	0
	January 2	70, 62
	January 3	71, 19
	4 January	71, 09
	5 January	71, 59
	6th January	71, 81
	Jan. 7	72, 13
	January 8	72, 13
	January 9	71, 47
	10 january	71, 54
	11 january	71, 61
	January 12	70, 21
	13th of January	69, 98
	14 january	69, 27
	January 15	69, 27
	January 16	68, 88
	January 17	68, 6
	18 january	68, 34
	January 19	68, 31
	January 20th	68, 48
	January 21	68, 69
	January 22	68, 69
	January 23	69, 05
	January 24	69, 32
	The 25th of January	70, 48
	January 26	70, 82
	January 27	71, 22
	28 January	72, 42
	January 29	72, 42
	January 30	72, 48
	January 31	72, 53

Until 2014, the euro-dollar currency pair was a stable and very profitable investment for both large investors and ordinary Russians who wanted to protect their savings from inflation.

Much has changed over the past 5 years, and the euro is increasingly showing volatility. Among ordinary citizens, there is a misconception that the euro is influenced only by the change in the price of the ruble on the stock exchange. In fact, this is not the case. The euro quotation, like other currencies, is influenced by a combination of factors:

• the state of affairs in the world and European economy;
• inflation;
• the size of the interest rate of the European Central Bank;
• levers of economic regulation;
• statements by top managers of the ECB.

After these factors, the cost of national currencies, including the Russian ruble, is taken into account.

The recent strengthening of the ruble has also affected the value of the euro.

All these data are used by specialists in the form of graphic drawings reflecting the dynamics of a particular factor. On this basis, after lengthy and complex calculations, a forecast of the euro exchange rate is drawn up. So far, for January 2020, the table is only being compiled by day (there is only an approximate version), since autumn is not over yet and it is too early to predict the behavior of certain factors that affect the European currency rate.

What forecasts for the euro are given by Russian banks

Many banking organizations operating in the Russian market are making a forecast for the euro exchange rate for the next year as a whole, but for January 2020, a table by day has not yet been compiled, since there is still not enough data in the charts for this.

Interesting! Euro exchange rate for February 2020

In general, VTB Bank experts predict a decline in the price of the euro at the beginning of next year. In their opinion, it will fluctuate between 69-72 rubles.

Sberbank experts adhere to the same point of view. They predict a decline in the value of the euro against the ruble at the end of this year. Its price will be 69 rubles. Their forecast is supported by Gazprombank specialists.

Russian experts in their long-term forecast for the next year predict a constant depreciation of the euro against the ruble.

The lowest price of the euro in 2020 was named by experts from the Russian Agricultural Bank. It amounted to 65, 2 rubles.

UralSib Bank specialists agree with the general tendency for the European currency to fall next year, but predict a higher value of the euro, which is about 70 rubles.

Should you invest in euros?

Already, many sites specializing in profitable investments do not recommend their clients to invest in euros. The European currency has become unstable, so it is not suitable for long-term investments.

One of the reasons for the latest major and important destabilization of the European currency was the UK's exit from the EU. It brought about a crisis in the European economy.

The European Central Bank itself also gives a long-term forecast for the fall of the euro against the ruble. At the same time, two trends are visible: the euro is constantly falling, and the ruble has recently begun to steadily strengthen its position.

The ECB gave a gloomy forecast for the coming years regarding the GDP of the European economy, the growth rate of the gross product of which will decline in the coming years due to a number of factors.

This year's statistics show that GDP in 2019 will grow by only 1.1%. The forecast for next year is also not the most rosy - GDP growth in the EU will be no more than 1.5%. Such indicators are clearly not enough to ensure stable growth in the price of the single European currency.

With such pessimistic forecasts for the euro, experts recommend not to completely abandon this currency. At the same time, there is no need to make large and long-term investments in it.

Interesting! What will be the dollar exchange rate for December 2019

Only experienced stock speculators, such as banks, will be able to play on euro fluctuations. Ordinary people, who are poorly versed in the stock market and do not have huge capital, should better refuse the euro as a way to save money, finding other ways to protect savings from inflation.

National currencies in the modern world are one of the levers of economic and political influence in the international arena. The euro is a fairly young currency, which gradually replaced the national currencies of European countries at the end of the 20th century with a common currency.

In the context of the struggle between the United States and the Russian Federation for the latter's staying in the status of a world power, the EU's position can greatly sway in the world, which, in turn, will lead to a sharp drop in the price of the euro. It is not for nothing that Great Britain is so hastily leaving the common European home.

Bonus

Citizens who are interested in the euro exchange rate as one of the ways to invest their ruble savings should remember the following:

1. Keeping all money in foreign currency is no longer profitable.
2. Not only the dollar, but also the euro has recently steadily shown a tendency to fluctuate the exchange rate and decrease in value.
3. Increasingly, international experts from the Western community of countries are talking about the need to replace the dollar as an international currency with a new analogue.
4. For long-term investments, gold and other precious metals are more suitable.