/ world today news/ The dollar may rise in price to over BGN 2. The reason for this may be the depreciation of the euro, to which our national currency is tied. The euro will fall to $0.95 per euro by 2017, falling below parity against the US dollar for the first time in more than 10 years, Deutsche Bank has predicted. If this happens, the leva rate will fall to BGN 2.05 per dollar, writes Standart.
The forecast from Germany’s biggest bank is the most definitive ever published by a leading financial institution, although some players are now betting on a scenario where the euro’s depreciation continues.
The single European currency has already lost 10 percent of its value against the US dollar since May, when it was trading at just under $1.40, before falling to below $1.25 on Thursday last week. Yesterday, the single European currency was trading at around $1.277. And as a result, in our country the dollar was exchanged for about BGN 1.53. If Deutsche Bank’s forecast comes true, it means that by 2017 the dollar will appreciate by 34% compared to the BGN.
Forecasts similar to those of Deutsche Bank are made by a number of analysts. British bank Barclays predicts the euro is likely to fall to $1.10 within a year and continue to fall. American Goldman Sachs expects parity between the euro and the dollar in 2017.
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