The official currency of Italy is the Euro. The euro rose above $1.20 for the first time since March 7th, as optimism about a strong economic recovery was supported by signs of an acceleration in the vaccine pace in Europe. At the same time, several EU countries continued their efforts to re-open their economies, while upbeat economic data released on Friday showed that consumer prices in the Euro Area rose in March by the most in over a year. Elsewhere, investor focus shifts to this week's ECB monetary policy meeting, with no changes to rates or guidance expected.
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 - Italy - data, forecasts, historical chart - was last updated on April of 2021.
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.