The official currency of Finland is the Euro. The euro depreciated towards $1.17 on Thursday, as a second wave of coronavirus infections across Europe, coupled with new lockdown restrictions in several countries, continued to threaten the region's economic recovery. Germany announced limits on the number of people at private gatherings and a curfew for bars and restaurants in areas deemed hotspots, while French authorities announced that a 9pm-6am curfew would be imposed in Paris and eight other cities. Northern Ireland said it would enter four-week lockdown on Friday, closing schools, pubs and restaurants as part of new restrictions. At the same time, investors remain cautious ahead of a highly anticipated EU summit starting later in the day, with doubts arising about whether the EU and UK will be able to reach a Brexit deal. Last month, the euro touched $1.20 for the first time in over two years supported by a relief package agreed by the EU back in July.
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 - Finland - 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.