The official currency of Malta is the Euro. The euro was little-changed at $1.185 on Thursday, having touched $1.188 in the previous session, its strongest level since September 16th. Investors remained cautious as they wait for news about Brexit negotiations and a US coronavirus aid package. At the same time, concerns about the spread of the coronavirus pandemic across the continent continued to mount, as well as the threat of tougher restrictions, after Spain and France became the first Western European countries to exceed 1 million infections. On the economic data front, German consumer morale deteriorated heading into November, and came in weaker than market expectations.
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 - Malta - data, forecasts, historical chart - was last updated on October of 2020.
The Euro Dollar Exchange Rate - EUR/USD is expected to trade at 1.18 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 1.17 in 12 months time.