The official currency of Slovakia is the Euro. The euro gained slightly to trade around $1.178 on Tuesday, amid broad dollar weakness as all eyes turn to a pre-election US stimulus package deadline set by House speaker Nancy Pelosi. Democrat lawmakers and White House officials "continued to narrow their differences" about a fresh aid package, but the prospect of a deal was thrown into doubt as both sides remain divided on key issues. Meanwhile, investors remained concerned about Europe's economic recovery after Ireland became the first EU country to re-enter lockdown, while several other nations across the region were forced to impose stricter restrictions to curb the spread of the COVID-19 pandemic.
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 - Slovakia - data, forecasts, historical chart - was last updated on October of 2020.
The Euro Dollar Exchange Rate - EUR/USD is expected to trade at 1.17 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 1.16 in 12 months time.