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Euro exchange rate forecast for the coming week
Barclays' latest forecast shows that the euro may rebound to 1. 15 before the end of the year, and then gradually pick up in 2022.

One: the scale of the euro start-up project is huge. According to economists' calculations, the cost of the euro from issuance to use is as high as 6543.8+060 billion ~ 6543.8+080 billion euros. However, the benefits brought by the start of the euro to the EU will be immeasurable.

Second: First of all, the euro zone consisting of 12 countries is a huge market with unlimited business opportunities. Its annual internal trade volume is as high as 1.4 trillion US dollars, accounting for about 15% of the global trade volume. After the implementation of the unified currency, it not only saves huge transaction costs, but also makes the best allocation of talents, funds, technology and resources, thus obtaining the greatest economic benefits. According to preliminary estimates, the single currency will soon double or even triple the trade volume within Europe.

Three: At present, residents in the euro zone will soon feel the benefits directly, that is, the euro is convenient for consumers to choose goods from 12 countries, so consumers will save 12% on average. For example, Spanish salmon is only 6 1% of the average price, while Denmark is as high as133% of the average price; Cheese is twice cheaper in Holland than in Italy; Potatoes in Ireland are 3.5 times cheaper than those in Denmark.

Fourth, the euro provides the foundation for closer joint development of the EU. The significance of the euro is not only a monetary unit, but also its importance lies in diluting the concept of European territory and country, which is a symbol of European national unity. With 50 billion euros of coins and 654.38+05 billion euros of banknotes entering the circulation field, the national currency used by 654.38+02 euros countries for generations will end its historical mission. This great feat seems to herald the era of "United States of Europe".

Five: The euro has a good demonstration role in regional economic integration. European integration initiated the regionalization of the world economy. In the past half century, with the encouragement of European integration, the regionalization of the world economy has become a common practice and flourished. Today, in addition to the EU, NAFTA and APEC, there are ASEAN and "10+3", South Asian economies, South Pacific Free Trade Area, Gulf economies and Economic Cooperation Organization (ECO).

The introduction and use of the intransitive verb euro provides a new idea for regional integration and makes the existing regional economic integration model take a big step forward. With the advancement of monetary union, economic integration inevitably needs political union, and "European Federation" has now become a hot topic in the European Union. This new way of combination transcends national boundaries and national economic boundaries, and is undoubtedly very attractive to all countries and groups, thus prompting more countries and groups to choose the road of "monetary union". In the long run, the birth of the euro has also drawn a new blueprint for international economic integration.