The official currency of France is the Euro. The euro bounced back above the $1.21 mark, moving closer to Tuesday's three-week high of $1.217. The ECB policy meeting minutes showed officials agreed that headline inflation was at a very low level and that it continued to be distant from the central bank's target, while a further appreciation of the euro posed risk to the inflation outlook. Elsewhere, concerns mounted over the slowing pace of COVID-19 vaccination in the EU and its impact on Europe's economic recovery. On the global front, investors awaited any signs of progress on the US fiscal stimulus side.
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 - France - data, forecasts, historical chart - was last updated on February of 2021.
The Euro Dollar Exchange Rate - EUR/USD is expected to trade at 1.21 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.