The official currency of Germany is the Euro. The euro stood at the $1.20 level, slightly down from Tuesday's seven-week high of $1.207, as investors remained cautious ahead of the ECB monetary policy meeting due Thursday, with no changes to rates or guidance expected. Meanwhile, optimism about a strong economic recovery was supported by signs of an acceleration in the vaccination pace in Europe. The European Union secured on Monday an additional 100 million doses of BioNTech/Pfizer COVID-19 vaccine; while the European Medicines Agency said Tuesday it had found a possible link between Johnson & Johnson's COVID-19 vaccine and rare blood clotting issues, but backed its overall benefits against any risks. Elsewhere, German constitutional court decided on Wednesday to dismiss legal challenges against the EU’s Recovery Fund, a move that was seen as essential for launching the bloc’s €750 billion plan.
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 April of 2021.
The Euro Dollar Exchange Rate - EUR/USD is expected to trade at 1.20 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.