The official currency of Estonia is the Euro. The euro extended losses to trade around $1.17 on Thursday, amid concerns about the negative impact of new restrictive measures on the region's recovery. On Wednesday, Germany and France announced new lockdown measures that will see the closure of non-essential businesses, including restaurants, bars, gyms and theatres. Meanwhile, investors await an ECB policy decision later in the day which might give some clues about a possible new round of economic stimulus. At the same time, German inflation data and European confidence survey will also be closely watched.
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 - Estonia - data, forecasts, historical chart - was last updated on October of 2020.
The Euro Dollar Exchange Rate - EUR/USD is expected to trade at 1.17 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 1.16 in 12 months time.