The official currency of Lithuania is the Euro. The euro traded around $1.217 on Friday, not far from $1.2175 hit the day before, which was the strongest level since April 2018. Investors welcomed news that Poland showed willingness to find a solution that would allow an agreement to be reached on the EU's €1.8 trillion stimulus package. The announcement came after top EU Commission officials said there would be some form of cooperation between the 25 other countries if Poland and Hungary maintained their veto to the EU budget and recovery fund. The common currency was also helped by broad dollar weakness amid renewed hopes for a coronavirus vaccine and signs of progress towards US fiscal stimulus. On the economic data front, German factory orders rose more than expected in October, while a PMI survey showed the Eurozone construction activity contracted at softer pace in November despite the imposed lockdowns across the region.
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 - Lithuania - data, forecasts, historical chart - was last updated on December of 2020.
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.