Warning We use cookies to personalise ads and to analyse our traffic. We also share information about your use of our site with our advertising and analytics partners.

Accept our cookies and get unlimited access.

Keeping an eye on the euro exchange rate

EURO Exchange RateEURO Exchange Rate

Foreign investments and potential travel costs are the top two reasons to keep an eye on the Euro exchange rate. With the economy being as unstable as it is at the best of times, there must be some way to spot market trends. Of course, monetary value is not a stand-alone entity, so there are many factors influencing the exchange rate – some of which are fairly easy to spot.

The influx of foreign trade is probably the best way to predict an increase in the Euro exchange rate. If there is a high demand for European products in other countries, the exchange rate is almost guaranteed to skyrocket. Because of its vast cultural scope, Europe has a wide range of products that are highly sought after around the globe. It comes as no surprise that the Euro is steadily increasing in value.

Something else to keep an eye on would be the interest rates in Europe. A high interest rate creates a higher return on investments, bonds and gilts. This, in turn, will boost the overall value of any particular currency. Overseas companies will spot this high value and will then pump funds into the country in question. Europe’s current list of foreign investors is impressive enough to keep the value of the Euro quite high.

All in all, the Euro exchange rate does seem to be strengthening at present. In the last few years, there has been a significant increase in value.

Finding the best refinance rates on your home mortgage will take some shopping around to find the best terms. It also will...
Finding the best refinance rates on your home mortgage will take some shopping around to find the best terms. It also will require some work on your part so that you can qualify for the refinancing package that best suits your needs and wallet. Things You Can Do to Get the Best Refinance Rates A priority for anyone in the market for a refinance loan, and for their own general financial health, is to raise your credit score and to lower your debt. Often, these issues go hand in glove, so it is possible to accomplish both at once. Raising your credit score...
A poor credit score can hinder a person's ability to access credit from mainstream lenders. Unfortunately, about 56% of American...
A poor credit score can hinder a person's ability to access credit from mainstream lenders. Unfortunately, about 56% of American consumers have a low credit rating. Fortunately, there are other ways of accessing funds even with a low credit score. These include: Try a Credit Union Compared to banks, credit unions have more lenient credit requirements that make them ideal lenders for consumers with bad credit. In addition, credit unions generally offer better interest rates compared to banks, according to figures published by Informa Research Services....
A home equity loan can be handy when it comes time to finance a major life expense like home remodeling, a child’s college...
A home equity loan can be handy when it comes time to finance a major life expense like home remodeling, a child’s college education, or maybe even purchasing an investment property. This is the time when you get to reap the benefits of all those years paying a monthly mortgage. In simple terms, this type of loan allows you to borrow against your home, using the capital you have sitting in it as collateral. As with any other type of loan, banks have stringent lending procedures, but if you’ve been tending properly to your credit score and other areas...