Fitch has maintained the Outlook for most exchange rates and oil prices
International rating Agency Fitch Ratings still expects the average price of Brent crude oil by the end of 2020 at $35 per barrel, according to a Global economic forecast (Global Economic Outlook, GEO).
Next year is expected to increase to $45 per barrel in 2022 to $53 per barrel. The average level for last year was $64,1 per bbl for 2015-2019 – $57,7 per barrel.
According to analysts of Agency, the course of Japanese national currency at the end of the current year will be around 107 yen/$1, and in the next two years will be 109 yen/$1. In 2019 he was equal 109,1 yen.
Forecast for the Chinese currency at the end of the current year remained at the level of 7.1 yuan/$1, and at the end of 2021 7.2 yuan/$1. In 2022 it is expected to 7.4 yuan/$1. Last year the average rate was equal to 6.99 yuan.
The rating for the pound, analysts kept at the level of $1.2 this year and next. They also gave a new forecast that by the end of 2022 would also generate $1.2. Last year the British currency was worth an average of $1,31.
The single European currency in the next 3 years will be worth € 0.9/$1, expect the experts of the Agency. In 2019, the rate was 0.89 euros. In the may GEO it was assumed that the single currency will cost € 0.92/$1 in 2020-2021 years.