The Euro traded around $1.117 on Friday, after hitting its highest level since August 13th in the previous session as UK election results showed a larger-than-expected parliamentary majority for Prime Minister Johnson’s Conservative Party, giving the best results for the Tories since Margaret Thatcher in 1987. Later in the day, EU leaders will meet Brexit negotiator Barnier to discuss Britain’s departure from the bloc. 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.
The Euro Dollar Exchange Rate - EUR/USD is expected to trade at 1.10 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 1.08 in 12 months time.