Forecast: 1 EUR may be equal to 2 USD

Baku. 16 October. REPORT.AZ/ USD rate against EUR will go down by 40% by 2024, said Ulf Lindahl, chief executive officer at A.G. Bisset Associates LLC, Report informs citing the Russian media.

According to him, the USD has been downing for 15 years and rising for the same period since 1970.

The expert thinks that EUR 1 will be equal to USD 1 after five years.

However, some analysts forecasting USD/EUR rate say that EUR 1 will be USD 1.28 in 2022.