The official currency of Austria is the Euro. The Euro traded around $1.215 on Friday, as the US dollar recovered some ground amid a general increase in risk-aversion. Investors' focus returns to coronavirus while general optimism over the new Biden administration cooled. In Europe, countries continue to battle with record coronavirus infections, hospitalizations, deaths and tight restrictions and governments already announced further travel restrictions. Meanwhile, the ECB kept the door open to more stimulus on Thursday but Christine Lagarde warned about the risks of rising infections and new lockdowns. On the week however, the Euro is up around 0.6%.
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 January of 2021.
The Euro Dollar Exchange Rate - EUR/USD is expected to trade at 1.21 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 1.20 in 12 months time.