The official currency of Montenegro is the Euro. The euro touched $1.199 on Monday, its highest level since September 1st, and headed for a 2.9% monthly gain. Investors welcomed signs of progress in COVID-19 vaccines, easing coronavirus restrictions across the bloc and hopes of a post-Brexit trade deal. On the monetary policy front, the ECB's account of October’s policy meeting last week showed that the central bank's decision to announce a recalibration of its monetary policy was not unanimous, while ECB members warned about the risks of tolerating a long period of weak inflation. On the economic data front, German consumer prices fell the most in nearly six years in November, while Italy remained in deflationary territory for a seventh straight month.
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 - Montenegro - data, forecasts, historical chart - was last updated on November of 2020.
The Euro Dollar Exchange Rate - EUR/USD is expected to trade at 1.19 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 1.18 in 12 months time.