The official currency of Malta is the Euro. The euro traded around a one-month low of $1.21 on Friday as investors monitor rising COVID-19 cases, hospitalizations and deaths, alongside political developments across Europe. Dutch Prime Minister Mark Rutte's government announced it was stepping down over a child benefits scandal; Chancellor Merkel's CDU party on Saturday will vote for a new leader that will likely be a contender for next Chancellor; and Italian Prime Minister Conte will face a confidence vote on Monday, after former PM Renzi pulled his party from the government's coalition. Elsewhere, investors digested US president-elect Joe Biden's $1.9 trillion stimulus package. Yesterday, the accounts of the ECB monetary policy meeting showed policymakers considered a smaller increase in emergency bond purchases when they met last month and said that the PEPP envelope may not be used in full.
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 January of 2021.
The Euro Dollar Exchange Rate - EUR/USD is expected to trade at 1.20 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 1.19 in 12 months time.