2024.06.25
2024.06.25 EUR to INR Forecast for 2024, 2025-2026 and Beyond
Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/
Delving into the intricate world of currency exchange, the EUR to INR forecast for 2024, extending to 2025-2026 and beyond, presents a fascinating study. This period is marked by a dynamic interplay of economic forces, geopolitical shifts, and market trends, all of which contribute to the fluid nature of the Euro to Indian Rupee exchange rate. With the global economy constantly evolving, the question arises, "Is the EURINR pair expected to go up or down?"
This forecast aims to decode the patterns and tendencies of this exchange rate, considering various influencing factors such as economic policies, trade relations, and regional stability. As readers embark on this exploration, they can anticipate a detailed and insightful analysis that answers this pivotal question and provides a comprehensive outlook on the future trajectory of the EURINR exchange rate, considering all possible risks surrounding this currency pair.
The article covers the following subjects:
- Highlights and Key Points: EUR to INR Forecast for 2024–2030
- EUR INR Price Today Coming Days and Week
- Analysts’ EUR INR Projections for 2024
- EUR to INR Technical Analysis
- Long-Term EURINR Technical Analysis for 2024
- Long-Term Trading Plan for EURINR
- Analysts’ EUR INR Projections for 2025
- Analysts’ EUR INR Projections for 2026
- Long-Term EUR to INR Forecast for 2027-2030
- Recent Price History of the EUR INR Pair
- Which Factors Impact EUR INR Price?
- Is EUR/INR Still a Good Investment?
- FAQs on EURINR Forecast
Highlights and Key Points: EUR to INR Forecast for 2024–2030
- For 2024, WalletInvestor analysts predict a price range of 89 – 90 INR, with a gradual appreciation of the euro against the rupee. The average year-end forecast is 91-92 INR.
- In 2025, LongForecast expects the EUR/INR rate to reach 93–94 INR, with further euro strengthening anticipated. At the same time, minor volatility is expected.
- Predictions that are longer-term to 2026–2030 suggest a continued modest upside trend for the euro. However, the rupee may see periods of recovery. In 2030, the pair’s projected high is 99 INR, according to LongForecast.
- Key drivers like inflation and India's deficits could weaken the rupee, benefiting the euro. However, global uncertainty and potential instability in India could spur volatility.
EUR INR Price Today Coming Days and Week
When forecasting the EUR/INR exchange rate in the near term, focus on key factors. Monitor economic indicators from the eurozone and India, such as GDP growth, inflation rates, and employment data, as these influence currency strength. Pay attention to central bank policies, particularly the European Central Bank and the Reserve Bank of India, as interest rate decisions and monetary policy changes impact exchange rates. Stay updated on geopolitical events and trade relations between Europe and India, which can affect investor sentiment. Additionally, consider broader market trends and global economic conditions, as they play a significant role in currency fluctuations.
Analysts’ EUR INR Projections for 2024
Let’s find out expert EURINR forecasts for 2024. Most experts do not expect the price to rise rapidly.
LongForecast
Price Range for 2024: ₹86.72 - ₹92.13 (as for June 25, 2024)
LongForecast foresees a volatile year for the EURINR exchange rate in 2024. In July, the pair will stand at 86.90-91.03 INR and rise to 90,77 INR in August. However, the rate is projected to drop to 89.88 INR in September. The forecast anticipates the price at 90,26 INR in October, and 88.04 INR in December. Increased price volatility is projected throughout 2024.
| Month | Opening, ₹ | Min–Max, ₹ | Closing, ₹ |
|---|---|---|---|
| July | 89.43 | 86.90-91.03 | 89.30 |
| August | 89.30 | 89.30-92.13 | 90.77 |
| September | 90.77 | 88.53-91.23 | 89.88 |
| October | 89.88 | 88.91-91.61 | 90.26 |
| November | 90.26 | 88.61-91.31 | 89.96 |
| December | 89.96 | 86.72-89.96 | 88.04 |
WalletInvestor
Price Range for 2024: ₹89.255 - ₹90.596 (as for June 25, 2024)
WalletInvestor predicts a modest upward trend in the EUR to INR exchange rate for 2024. In July and August, the exchange rate will increase slightly. A slight decrease is expected in September and October, followed by an upswing in November and December. In general, the pair is expected to showcase stable growth with slight fluctuations throughout the year.
| Month | Opening, ₹ | Closing, ₹ | Minimum, ₹ | Maximum, ₹ |
|---|---|---|---|---|
| July | 89.424 | 89.653 | 89.255 | 89.653 |
| August | 89.681 | 90.494 | 89.676 | 90.494 |
| September | 90.475 | 90.112 | 90.081 | 90.559 |
| October | 90.128 | 89.987 | 89.987 | 90.190 |
| November | 89.937 | 90.181 | 89.866 | 90.181 |
| December | 90.169 | 90.307 | 90.169 | 90.596 |
EUR to INR Technical Analysis
When performing a technical analysis of EURINR, it is recommended to use several time frames to obtain a more accurate market picture. For short-term analysis, you can use the M15 or H1 time frames, while for long-term investments, it is better to assess the H4 or even D1 time frames.
Charting tools such as trend lines, Fibonacci levels, and pivot points can be used as technical analysis tools. In addition, moving averages, the stochastic oscillator, and MACD indicators can confirm the trend and determine market entry and exit points.
Chart patterns such as "Head and shoulders" and "Double bottom" can also help identify reversal points on the chart. The signals they generate will also facilitate more accurate decision-making in the EURINR market.
Get access to a demo account on an easy-to-use Forex platform without registration
Go to Demo Account
EURINR Analysis For Next Three Months
In order to predict the EURINR price, it is important to study its historical price movement. The weekly time frame shows an uptrend. The euro is strengthening against the Indian rupee.
The uptrend line is clearly visible on the chart. The price has tried to pierce this line, but each attempt resulted in a rebound. The trend is still strong, and bulls have enough power to maintain it in the long term.
The price is moving near the resistance level of 90.21. History shows that the pair has bounced twice from this level and has not been able to breach it yet. Therefore, the pair will likely trade between 89 and 92 in the next three months.
Long-Term EURINR Technical Analysis for 2024
A long-term technical analysis of EURINR for 2024 suggests two scenarios. The first one implies that the medium-term uptrend will continue, and the pair will trade in the range between 89 and 92. At the same time, the price may attempt to settle above the resistance level of 92. However, it will likely remain within the range for the rest of the year.
The second scenario assumes that the price will break through the channel's lower boundary. The nearest support areas are at 88.05, 87.11, and 86.37. Additional technical analysis tools, such as the EMA and MACD indicators, are used for more detailed analysis.
The MACD lines have intersected, indicating a temporary trend reversal. The EMA is above the price, signaling a correction within the ascending channel.
| Month | EURINR projected values | |
|---|---|---|
| Minimum | Maximum | |
| July | ₹88.10 | ₹91.95 |
| August | ₹89.46 | ₹92.28 |
| September | ₹88.70 | ₹91.38 |
| October | ₹89.07 | ₹91.76 |
| November | ₹88.78 | ₹91.46 |
| December | ₹86.89 | ₹90.11 |
Long-Term Trading Plan for EURINR
Based on the conducted analysis, let's make a long-term trading plan for the EUR/INR pair for the rest of 2024.
1. Current situation:
- The price is trading in the middle of the ascending channel at 90.21.
- The further direction of the price is still unclear.
2. Recommendations for placing pending orders:
- Buy Limit: 89.15;
- Take Profit (TP): 90.71;
- Stop Loss (SL): 88.69.
- Sell Limit: 92.40;
- Take Profit: 91.37;
- Stop Loss (SL): 93.30.
3. Trading strategy:
- Buy limit is placed at the support level with the expectation of further growth of EURINR rate.
- Sell limit is set at the resistance level in order to profit from the price decrease.
4. Monitoring and analysis:
- Monitor the price movement to adjust the strategy according to the market situation if needed.
- Manage open trades in accordance with the set TP and SL orders.
Analysts’ EUR INR Projections for 2025
What will the EURINR rate be in 2025? Let's find out expert forecasts.
WalletInvestor
Price Range for 2025: ₹89.314 - ₹91.779 (as for June 25, 2024)
According to WalletInvestor, the EURINR rate will hover at ₹89.554 in January 2025 and decline to ₹89.379 INR in February before peaking at ₹91.779 INR in December and closing the year at ₹91.514 INR. The changes throughout the year suggest a volatile market.
| Month | Opening, ₹ | Closing, ₹ | Minimum, ₹ | Maximum, ₹ |
|---|---|---|---|---|
| January | 90.262 | 89.554 | 89.469 | 90.262 |
| February | 89.572 | 89.379 | 89.314 | 89.597 |
| March | 89.409 | 89.421 | 89.395 | 89.653 |
| April | 89.428 | 89.925 | 89.372 | 89.925 |
| May | 89.926 | 90.049 | 89.808 | 90.049 |
| June | 90.045 | 90.629 | 90.045 | 90.682 |
| July | 90.635 | 90.833 | 90.446 | 90.833 |
| August | 90.828 | 91.646 | 90.828 | 91.662 |
| September | 91.697 | 91.321 | 91.280 | 91.745 |
| October | 91.323 | 91.145 | 91.145 | 91.382 |
| November | 91.143 | 91.332 | 91.054 | 91.345 |
| December | 91.390 | 91.514 | 91.390 | 91.779 |
LongForecast
Price Range for 2025: ₹87.74 - ₹93.80 (as for June 25, 2024)
LongForecast projects a generally upward trend in the EUR to INR exchange rate for 2025. The pair will start the year at 88.04 INR in January and reach 92.04 INR in March. However, it then experiences a decline, closing the year at 91.21 INR in December.
| Month | Opening, ₹ | Min–Max, ₹ | Closing, ₹ |
|---|---|---|---|
| January | 88.04 | 87.74-90.42 | 89.08 |
| February | 89.08 | 89.08-93.13 | 91.75 |
| March | 91.75 | 90.66-93.42 | 92.04 |
| April | 92.04 | 88.76-92.04 | 90.11 |
| May | 90.11 | 88.01-90.69 | 89.35 |
| June | 89.35 | 88.92-91.62 | 90.27 |
| July | 90.27 | 90.08-92.82 | 91.45 |
| August | 91.45 | 88.39-91.45 | 89.74 |
| September | 89.74 | 89.33-92.05 | 90.69 |
| October | 90.69 | 90.69-93.80 | 92.41 |
| November | 92.41 | 89.56-92.41 | 90.92 |
| December | 90.92 | 89.84-92.58 | 91.21 |
Analysts’ EUR INR Projections for 2026
In their forecasts for 2026, analysts agree that the EURINR pair will remain stable. Some expect modest growth, while others predict a significant increase in the pair's quotes.
WalletInvestor
Price Range for 2026: ₹90.505 - ₹92.969 (as for June 25, 2024)
WalletInvestor's EUR to INR forecast for 2026 suggests a stable trend with minor fluctuations. The predicted range varies from 90.505 INR to 92.969 INR. The forecast indicates an upward movement until September, followed by a modest decline towards year-end.
| Month | Opening, ₹ | Closing, ₹ | Minimum, ₹ | Maximum, ₹ |
|---|---|---|---|---|
| January | 91.462 | 90.755 | 90.667 | 91.462 |
| February | 90.728 | 90.578 | 90.505 | 90.791 |
| March | 90.561 | 90.631 | 90.561 | 90.847 |
| April | 90.625 | 91.112 | 90.554 | 91.112 |
| May | 91.080 | 91.199 | 90.996 | 91.205 |
| June | 91.264 | 91.839 | 91.264 | 91.870 |
| July | 91.833 | 91.979 | 91.641 | 91.984 |
| August | 92.023 | 92.868 | 92.020 | 92.868 |
| September | 92.901 | 92.516 | 92.483 | 92.927 |
| October | 92.511 | 92.351 | 92.351 | 92.571 |
| November | 92.303 | 92.553 | 92.244 | 92.553 |
| December | 92.592 | 92.713 | 92.592 | 92.969 |
LongForecast
Price Range for 2026: ₹91.21 - ₹100.57 (as for June 25, 2024)
LongForecast predicts a highly volatile year for the EUR to INR exchange rate. Starting at ₹93.95 in January and peaking at ₹100,57 INR in March, the pair will gradually decrease to ₹94.22 by December.
| Month | Opening, ₹ | Min–Max, ₹ | Closing, ₹ |
|---|---|---|---|
| January | 91.21 | 91.21-95.36 | 93.95 |
| February | 93.95 | 93.95-98.22 | 96.77 |
| March | 96.77 | 96.77-100.57 | 99.08 |
| April | 99.08 | 97.48-100.44 | 98.96 |
| May | 98.96 | 96.11-99.03 | 97.57 |
| June | 97.57 | 94.18-97.57 | 95.61 |
| July | 95.61 | 93.58-96.43 | 95.00 |
| August | 95.00 | 95.00-99.32 | 97.85 |
| September | 97.85 | 93.49-97.85 | 94.91 |
| October | 94.91 | 92.77-95.59 | 94.18 |
| November | 94.18 | 93.89-96.75 | 95.32 |
| December | 95.32 | 92.81-95.63 | 94.22 |
Long-Term EUR to INR Forecast for 2027-2030
Two notable sources provide insights into the future of the EUR to INR exchange rate from 2027 to 2030.
WalletInvestor predicts an increase in the rate, expecting it to reach ₹95.360 by 2029.
Meanwhile, LongForecast suggests a stronger appreciation of the euro against the rupee, with the rate possibly peaking at 95,88 INR by July 2028.
Collectively, these forecasts suggest an upward trend in the EURINR pair across the specified period.
Recent Price History of the EUR INR Pair
In recent years, the EUR/INR exchange rate has experienced notable fluctuations. In 2022, the rate started at 89.6250 INR, dipped to a low of 77.8459 INR, and closed at 88.5660 INR. This rebound was in contrast to 2021, where it declined by 5.07%, closing at 84.7075 INR. In 2020, the pair saw a significant rise of 11.52%, closing at 89.2290 INR.
However, changes were more modest in 2019 and 2018, with a slight increase of 0.47% and 3.79%, respectively. The trend was upward in 2017, with a 7.28% gain, while 2016 experienced a minor drop of 0.66%.
Which Factors Impact EUR INR Price?
Several factors, including the eurozone and India's macroeconomic indicators, influence the EURINR exchange rate. GDP, inflation, unemployment, and central bank policies significantly determine the exchange rate. Political stability, geopolitical conflicts, and trade relations between the regions can also notably impact the currency pair. The supply and demand dynamics in the currency markets, which are shaped by trade and investment flows between the eurozone and India, are also crucial factors.
- Inflation Differentials. Lower inflation in the Eurozone compared to India can strengthen the Euro, resulting in a higher EUR to INR rate.
- Current Account Balance. India's trade deficit can devalue the Rupee, enhancing the EUR-INR exchange.
- Public Debt Levels. Higher debt in either region, especially India, may devalue its currency, affecting the EUR-INR forecast.
- Terms of Trade Shifts. Improved Indian export prices could strengthen the Rupee, impacting the EUR to INR exchange.
- Economic Performance. Stronger economic indicators in the Eurozone can lead to a higher EUR-INR rate, influenced by investor confidence.
- Political Stability. Political uncertainty in India can weaken the Rupee, affecting the EUR to INR exchange.
- Global Market Sentiment. Global economic trends and crises can unpredictably sway the EUR-INR rate.
Is EUR/INR Still a Good Investment?
Based on the comprehensive EUR to INR forecast presented, covering projections until 2030, the currency pair offers a moderately promising outlook as an investment. Despite some volatility, the euro is expected to appreciate against the Indian rupee over the long term gradually.
However, global uncertainties and potential political instability in India inject uncertainty. On balance, EUR/INR remains a reasonably good investment for the patient, a risk-tolerant investor seeking diversification, but gains may be gradual.
Remember to conduct a thorough fundamental and technical analysis and assess analytical forecasts before making trading or investment decisions.
FAQs on EURINR Forecast
The future prediction is for a gradual upward trend in the EUR to INR exchange rate over the long term, with the pair rising to 92–94 INR.
The EURINR pair is expected to see increased volatility in 2024. Analysts are divided on the forecast: some predict a surge to 92 INR, while others believe that the price will tumble to 88 INR.
The forecasts for 2024 predict fluctuations in the EUR to INR rate, so there may be some short periods where the euro falls against the rupee, but the consensus is for a modest strengthening of the European currency.
Key factors are inflation rates, current account deficits, public debt levels, terms of trade, economic growth rates, political stability, and global market forces.
The all-time high of the EURINR pair is INR reached on .
The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteFinance. The material published on this page is provided for informational purposes only and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC.
Rate this article:
{{value}}
( {{count}} {{title}} )
