Euro exchange rate for December 2020 by days

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

The situation in the global foreign exchange market remains unstable, which does not give experts the opportunity to make an accurate forecast of exchange rates for the long term. Therefore, the forecast for the euro exchange rate for December 2020 by days, according to the table provided by the Central Bank of the Russian Federation, is tentative.

Euro in December 2020 will rise or fall

The change in the euro exchange rate occurs depending on the following factors:

1. Inflation rate.
2. The economic situation in the country and the world.
3. Changes in oil prices.
4. World crisis.
5. Macroeconomic indicators.
6. The interest rate of the European Central Bank.
7. Anti-Russian sanctions.
8. Pandemic coronavirus infection and exit from quarantine.

Interesting! Dollar exchange rate for December 2020 by days

The forecast for the euro exchange rate for December 2020 may be influenced by other factors. The table of the Central Bank of the Russian Federation by day is compiled on the basis of estimated data, which may change depending on the political situation, economic situation, and other events.

The growth of the euro can be caused by:

1. High inflation.
2. Introduction of new sanctions.
3. Conflict situations with Ukraine, in Syria.
4. Slowdown in the growth of the Russian economy.
5. Decrease in export volumes.

The national currency can be positively affected by:

1. Stimulating the consumption of domestically produced products.
2. Decrease in demand of the population for currency.
3. Improving relations between Russia and the United States.
4. Increase in the value of black gold.
5. Potential destabilization of the EU economy due to refugee problems.
6. Withdrawal from Britain of the European Union.

Expert opinions

Foreign experts believe that the euro will rise to 100-120 rubles / €. And Russian analysts do not predict significant changes in the European currency rate in 2020. In their opinion, it will amount to 70-90 rubles / €.

Here are some suggestions:

1. The Central Bank of the Russian Federation expects that dynamics will be unstable during 2020. If new sanctions are applied and relations with the EU deteriorate, the value of the euro may rise and break through the 90 rubles mark.
2. According to VTB analysts, the ruble value against the euro in December will be 68.9-71.3 rubles / €.
3. Sberbank employees believe that in December the rate of the European currency will be 71, 25-68, 86 rubles / €.
4. Gazprombank experts predict 64.49 rubles / € for December 2020.
5. The APECON agency assumes that the € exchange rate in December will be about 75 rubles.

Forecast indicators for the euro exchange rate in December 2020 from the Central Bank of the Russian Federation are presented in the table below.

date	Euro exchange rate at the beginning of the day	Euro exchange rate at the end of the day	Increase (+) decrease (-) per day
01.12.2020	95, 51	98, 51	+
02.12.2020	76, 37	78, 25	+
03.12.2020	78, 31	78, 00	−
04.12.2020	77.71	79.77	+
05.12.2020	80, 88	80, 88	Will not change
06.12.2020	80, 88	80, 88	Will not change
07.12.2020	82, 10	83, 30	+
08.12.2020	83, 11	82, 38	−
09.12.2020	82, 31	80, 01	−
10.12.2020	78, 91	77, 80	−
11.12.2020	77, 59	75, 17	−
12.12.2020	75, 17	75, 17	Will not change
13.12.2020	75, 17	75, 17	Will not change
14.12.2020	71, 21	70, 47	−
15.12.2020	70, 36	70, 31	−
16.12.2020	70, 19	69, 66	−
17.12.2020	69, 50	68, 70	−
18.12.2020	68, 58	68, 57	−
19.12.2020	68, 57	68, 57	Will not change
20.12.2020	68, 57	68, 57	Will not change
21.12.2020	69, 43	70, 32	+
22.12.2020	70, 19	71, 39	+
23.12.2020	71, 27	72, 42	+
24.12.2020	72, 20	76, 80	+
25.12.2020	76, 70	7811	+
26.12.2020	78, 11	78, 11	Will not change
27.12.2020	78, 11	78, 11	Will not change
28.12.2020	83, 55	85, 66	+
29.12.2020	85, 55	86, 40	+
30.12.2020	86, 13	85, 11	−
31.12.2020	85, 00	88, 12	+

There are no significant prerequisites for the urgent transfer of your savings into euros or rubles, since the opinions of experts on the forecast of the € exchange rate for 2020 differed. None of them can say for sure whether there will be a significant increase or decrease in the level of prices for the euro.

How to save money for the population

The government monitors fluctuations in the ruble exchange rate and takes measures to stabilize it. Currently, gold and foreign exchange reserves are increasing, the expenditure side of the state budget is decreasing, and the consumption of domestically produced goods by the population is stimulated.

To save money, it is recommended:

1. Purchase liquid real estate.
2. To minimize the risks of a fall in the exchange rate in which savings are stored, you can place deposits in euros, dollars, rubles.
3. Invest in a reliable business.

Before making a decision, you should carefully analyze the pros and cons. You can't trust the experts' opinion 100%. The table of the Central Bank of the Russian Federation on the forecast of the euro exchange rate for December 2020 by day is compiled on the basis of assumptions. The course may change at any time.

Summarize

1. Forecast of the European currency rate for December 2020 is indicative. It does not give an unambiguous understanding of how events will develop in the future.
2. At the same time, one should not completely exclude the European currency from the investment portfolio.
3. It is important to remember that the euro is unstable. You should not invest too much money in this currency.