The official currency of Italy is the Euro. The euro rose to above $1.21 on Tuesday, recovering from a two-month low hit last week as investors welcomed signs of easing political uncertainty in Italy, after Prime Minister-designate Mario Draghi gained more cross-party support to form a government. Meantime, demand for the dollar declined as investors paused to reassess the strength of the US economic recovery. On the data front, German exports and imports were little changed in December, with both numbers beating market expectations of around 1% declines.
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 February 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.