The euro remained above $1.10 on Wednesday after the European Commission presented a proposal for a €750 billion euro recovery fund, which includes €500 billion in grants and €250 billion in loans. However, the plan still needs to be approved by all member states and negotiations will take time as at least four countries including Austria, Sweden, the Netherlands and Denmark oppose issuing grants. EU leaders will meet again on June 18th to discuss it. Last week, German Chancellor Angela Merkel and French President Emmanuel Macron announced they would back up a €500 billion fund that would offer grants to countries and sectors hit hardest by the pandemic, but the idea was opposed by a group of more frugal EU member states that ended up delivering a counter-proposal under which the Emergency Recovery Fund would be based on a 'loans for loans' approach.

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 - Luxembourg - data, forecasts, historical chart - was last updated on May of 2020.

The Euro Dollar Exchange Rate - EUR/USD is expected to trade at 1.09 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 1.08 in 12 months time.

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Euro Exchange Rate - EUR/USD - Luxembourg

Majors Price Day Year
EURUSD 1.1015 0.0035 0.32% -1.30%
GBPUSD 1.2264 -0.0067 -0.55% -3.07%
AUDUSD 0.6620 -0.0027 -0.40% -4.36%
NZDUSD 0.6186 -0.0014 -0.22% -5.43%
USDJPY 107.7540 0.2630 0.24% -1.47%
USDCNY 7.1766 0.0311 0.43% 3.70%
USDCHF 0.9679 0.0024 0.24% -3.93%
USDCAD 1.3753 -0.0033 -0.24% 1.95%
USDMXN 22.3244 0.1073 0.48% 16.32%
USDINR 75.9000 0.4683 0.62% 9.07%
USDBRL 5.2740 -0.0710 -1.33% 31.05%
USDRUB 70.9860 0.2163 0.31% 9.77%
DXY 98.9099 0.0019 0% 0.98%
USDKRW 1,237.5360 7.6790 0.62% 4.18%
USDZAR 17.3461 -0.0420 -0.24% 17.78%
USDSGD 1.4192 0.0027 0.19% 2.89%
USDHKD 7.7549 0.0019 0.02% -1.19%
Crosses Price Day Year
EURAUD 1.6637 0.0120 0.73% 3.16%
EURCAD 1.5149 0.0013 0.09% 0.56%
EURCHF 1.0661 0.0061 0.58% -5.23%
EURGBP 0.8981 0.0078 0.87% 1.80%
EURJPY 118.6890 0.6780 0.57% -2.80%
EURNZD 1.7805 0.0097 0.55% 4.34%
EURBRL 5.8031 -0.0655 -1.12% 29.21%
EURCNY 7.9048 0.0594 0.76% 2.27%
EURINR 83.4103 0.5893 0.71% 7.40%
EURKRW 1,361.1411 10.8072 0.80% 2.67%
EURMXN 24.5811 0.1982 0.81% 14.75%
EURRUB 78.0254 0.3893 0.50% 8.17%
EURARS 75.0684 0.2787 0.37% 50.74%
EURCZK 27.1207 0.1051 0.39% 4.92%
EURIDR 16,165.3131 -7.6377 -0.05% 0.80%
EURMYR 4.7879 -0.0003 -0.01% 2.47%
EURUAH 29.6762 0.1228 0.42% 0.42%
EURZAR 19.1107 0.0168 0.09% 16.31%
EURUSD 1.1015 0.0035 0.32% -1.30%



Euro Exchange Rate - EUR/USD - Luxembourg
The euro is the official currency of Luxembourg, which is a member of the European Union. The Euro Area refers to a currency union among the European Union member states that have adopted the euro as their sole official currency. In Luxembourg, interest rate decisions are taken by the Governing Council of the European Central Bank.