What will be the euro exchange rate in December

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

According to the interim forecast, the change in the euro exchange rate for December 2019 will be associated with growth, which can be seen in the table with indicative values by day from Sberbank. The European currency is growing under the influence of external factors, which will be discussed below.

What affects the euro exchange rate

Most experts say with strong confidence that at the end of 2019 the euro may increase and reach 90 rubles. They formed this forecast of the euro exchange rate for December 2019 in accordance with the analysis of the situation that has developed in the world, as well as in Russia. A table with estimated parameters by day will be discussed below.

The indicator of the ruble and the European currency may change under the influence of the situation with the UK. In the event that it leaves the European Union, the euro may yield to the dollar, experts say.

In addition, the price of oil may affect the euro parameter, and experts predict that oil products may rise in price and reach $ 80. The euro will fall if these forecasts of experts come true.

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Also, the situation in the foreign exchange market can be transformed with the emergence of new oil fields. The domestic currency will suffer due to the influence of the following factors:

• high inflation;
• relations between Russia and the United States;
• new rates of the Central Bank.

All factors that were not foreseen in advance will affect the exchange rate negatively. For example, on the territory of Russia, the dollar and the euro increased in value under the influence of the military situation in Syria and Ukraine.

How information is collected

The bureau's specialists do not expect forecasts from banks; they independently collect long-term data from 15 large banks in the country. There is enough information from banking organizations to form a general view of the projected rate.

Delegates from Sberbank several times informed the media about their assumptions regarding the exchange rate of the European currency. The current forecast is formed on the basis of such statements from the bank, as well as information from the specialists of the analytical department.

The calculations that are obtained after the analysis act as assumptions and recommendations. The accuracy of the forecasted data is established depending on the rating and confidence in the bank. Some banks often guess the exact exchange rate. The resulting data may change in accordance with new factors that affect currency performance.

Circumstances that are associated with the dynamics of the exchange rate can be divided into predicted and unexpected:

• predicted are events that become known in advance;
• unexpected - these are disasters, cataclysms (tsunamis or earthquakes).

Banks always use the official rate in their work, because it is used when forming parameters in the Central Bank.

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It is recommended that you refuse to buy currency on weekends, and postpone it to Monday. On weekends, banks set a selling rate that exceeds the buying rate. This is due to the fact that they want to save themselves from a sudden change in the rate of the Central Bank from the beginning of next week.

Is it possible to make money on changing the course

It is unlikely that it will be possible to make a profit as a result of fluctuations in the euro exchange rate. According to experienced specialists, it is possible to receive income by exchanging currencies only when the changes amount to about 7 percent. If the fluctuations reach a lower figure, then currency manipulation will not lead to profit, since banks charge commissions for exchange actions. In this case, the potential profit will be zero.

Even foreign experts advise against exchanging the national currency for the European one. If long-term investments are planned, then it will be more efficient to invest in the ruble.

No matter what experts say: that you can still expect a slight increase in the euro, or that this currency, on the contrary, will decrease, sharp fluctuations in the rate for December 2019 are not expected.

It is not easy to make a forecast with absolute accuracy for the end of 2019, and it is even more difficult to guess what kind of situation is developing in the European Union. But you can plan for the future and prepare for upcoming events based on assumptions from Sberbank and Alfa-Bank, indicated in the table with exchange rate indicators for each day of December.

The forecast for the European currency rate from Sberbank for December 2019 is presented in the table.

Year	Day of week	Forecast
		Direction at the end of the day	Course at the beginning of the day from 10.00 to 13.00 hours	End of day course from 13.00 to 18.00 hours
2019	December 1, Sunday	► will not change	0	0 -
	December 2, Monday	▲ will rise	70, 65	71, 29+0, 64
	December 3, Tuesday	► will not change	71, 17	71, 17 0
	December 4, Wednesday	▲ will rise	71, 05	71, 66+0, 6114
	December 5, Thursday	▲ will rise	71, 54	71, 92+0, 3714
	December 6, Friday	▲ will rise	71, 8	72, 03+0, 2343
	December 7, Saturday	► will not change	72, 03	72, 03 -
	December 8, Sunday	► will not change	72, 03	72, 03 -
	December 9, Monday	▼ will decrease	71, 97	71, 46–0, 5086
	December 10, Tuesday	▼ will decrease	71, 34	71, 12–0, 2171
	December 11, Wednesday	▼ will decrease	71	70, 43–0, 5714
	December 12, Thursday	▼ will decrease	70, 31	70, 03 –0, 28
	December 13, Friday	▼ will decrease	69, 91	69, 17–0, 7371
	December 14, Saturday	► will not change	69, 17	69, 17 -
	December 15, Sunday	► will not change	69, 17	69, 17 -
	December 16, Monday	▼ will decrease	68, 77	68, 72–0, 0514
	December 17, Tuesday	▼ will decrease	68, 6	68, 46–0, 1314
	December 18, Wednesday	▲ will rise	68, 34	68, 43+0, 0857
	December 19, Thursday	▲ will rise	68, 31	68, 6+0, 2914
	December 20, Friday	▲ will rise	68, 48	68, 69+0, 2057
	December 21, Saturday	► will not change	68, 69	68, 69 -
	December 22, Sunday	► will not change	68, 69	68, 69 -
	December 23, Monday	▲ will rise	69, 05	69, 44+0, 3886
	December 24, Tuesday	▲ will rise	69, 32	70, 6+1, 28
	December 25, Wednesday	▲ will rise	70, 48	70, 94+0, 4629
	December 26, Thursday	▲ will rise	70, 82	71, 34+0, 52
	December 27, Friday	▲ will rise	71, 22	72, 42+1, 1943
	December 28, Saturday	► will not change	72, 42	72, 42 -
	December 29, Sunday	► will not change	72, 42	72, 42 -
	December 30, Monday	▼ will decrease	73, 02	72, 78–0, 24
	December 31, Tuesday	▲ will rise	72, 66	73, 57+0, 9086

Alfa-Bank also forecast the euro exchange rate, which can be found in the following table.

Year	Day of week	Forecast
		Direction at the end of the day	Course at the beginning of the day from 10.00 to 13.00 hours	End of day course from 13.00 to 18.00 hours
2019	December 1, Sunday	► will not change	0	0 -
	December 2, Monday	▲ will rise	70, 62	71, 29+0, 676
	December 3, Tuesday	▲ will rise	71, 14	71, 17+0, 036
	December 4, Wednesday	▲ will rise	71, 02	71, 66+0, 6474
	December 5, Thursday	▲ will rise	71, 51	71, 92+0, 4074
	December 6, Friday	▲ will rise	71, 76	72, 03+0, 2703
	December 7, Saturday	► will not change	72, 03	72, 03 -
	December 8, Sunday	► will not change	72, 03	72, 03 -
	December 9, Monday	▼ will decrease	71, 93	71, 46–0, 4726
	December 10, Tuesday	▼ will decrease	71, 3	71, 12–0, 1811
	December 11, Wednesday	▼ will decrease	70, 97	70, 43–0, 5354
	December 12, Thursday	▼ will decrease	70, 27	70, 03–0, 244
	December 13, Friday	▼ will decrease	69, 87	69, 17–0, 7011
	December 14, Saturday	► will not change	69, 17	69, 17 -
	December 15, Sunday	► will not change	69, 17	69, 17 -
	December 16, Monday	▼ will decrease	68, 73	68, 72–0, 0154
	December 17, Tuesday	▼ will decrease	68, 56	68, 46–0, 0954
	December 18, Wednesday	▲ will rise	68, 31	68, 43+0, 1217
	December 19, Thursday	▲ will rise	68, 27	68, 6+0, 3274
	December 20, Friday	▲ will rise	68, 45	68, 69+0, 2417
	December 21, Saturday	► will not change	68, 69	68, 69 -
	December 22, Sunday	► will not change	68, 69	68, 69 -
	December 23, Monday	▲ will rise	69, 02	69, 44+0, 4246
	December 24, Tuesday	▲ will rise	69, 29	70, 6+1, 316
	December 25, Wednesday	▲ will rise	70, 45	70, 94+0, 4989
	December 26, Thursday	▲ will rise	70, 79	71, 34+0, 556
	December 27, Friday	▲ will rise	71, 19	72, 42+1, 2303
	December 28, Saturday	► will not change	72, 42	72, 42 -
	December 29, Sunday	► will not change	72, 42	72, 42 -
	December 30, Monday	▼ will decrease	72, 99	72, 78–0, 204
	December 31, Tuesday	▲ will rise	72, 63	73, 57+0, 9446

Bonus

Based on the above, several conclusions can be drawn:

1. The exchange rate of the European currency is influenced by the situation in Russia and in the world, as well as by the cost of oil, so we can only assume what it will be like.
2. Despite the presumptive and recommendatory nature of the rate forecast, it also happens that banks guess it with accuracy.
3. You should not invest Russian rubles in the European currency if the fluctuations are less than 7%. Otherwise, the actions will not be justified.