The official currency of Germany is the Euro. The euro gained slightly at $1.215 on Thursday afternoon after the European Central Bank left monetary policy unchanged, but kept the door open to more stimulus as the Euro Area economic activity was hit by record COVID-19 infections and new lockdowns and as consumer prices remained in deflationary territory for a fifth month. In December, the ECB announced an expansion and extension to its pandemic emergency programme.
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 - Germany - data, forecasts, historical chart - was last updated on January 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 1.20 in 12 months time.