The official currency of Austria is the Euro. The euro traded below $1.19 in mid-April, not far from a five-month low of $1.17 hit at the end of March, as poor economic data from the bloc's largest economies and rising COVID-19 cases weighed on sentiment. German Chancellor Angela Merkel spoke out again in favor of a strict national lockdown for a short period of time, with the federal government set to introduce legislation that would allow it to impose national restrictions without the backing of regional authorities. On the political front, Bavarian leader Markus Soeder has joined the race to replace Angela Merkel as the head of the CDU and CSU's candidate for September's elections.
Historically, the Euro Dollar Exchange Rate - EUR/USD reached an all time high of 1.87 in July of 1973.The euro was only introduced as a currency on the first of January of 1999. However, synthetic historical prices going back much further can be modeled if we consider a weighted average of the previous currencies. Euro Exchange Rate - EUR/USD - Austria - data, forecasts, historical chart - was last updated on April of 2021.
The Euro Dollar Exchange Rate - EUR/USD is expected to trade at 1.18 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 1.17 in 12 months time.