The euro crossed the $1.13 level on Wednesday afternoon, after the European Commission approved German plans to set up a fund with a budget of up to €500 billion to provide liquidity and capital support to German companies affected by the outbreak. At the same time, investors turned to riskier assets on recovery hopes. On Tuesday, the European Commission lowered its GDP forecasts for Europe, saying that the lifting of COVID-19 lockdown measures in some countries was proceeding less swiftly than it had initially predicted.
Historically, the Euro Exchange Rate - EUR/USD - Greece reached an all time high of 1.87 in July of 1973. Euro Exchange Rate - EUR/USD - Greece - data, forecasts, historical chart - was last updated on July of 2020.
The Euro Exchange Rate - EUR/USD - Greece is expected to trade at 1.12 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 1.11 in 12 months time.