The euro traded around $1.165 on Friday, not far from a two-month low of $1.163 hit the day before, as concerns about a second wave of coronavirus infections in Europe sent investors rushing for safety. Spain's number of confirmed COVID-19 cases exceeded 700,000, while the number of people hospitalized in France rose above 6,000 for the first time in two months. Authorities across Europe have warned of tougher times ahead.
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 - MONACO - data, forecasts, historical chart - was last updated on September of 2020.
The Euro Dollar Exchange Rate - EUR/USD is expected to trade at 1.16 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 1.15 in 12 months time.