The official currency of Greece is the Euro. The euro changed hands at $1.21 during the second week of May, hovering around its strongest level in over two months, supported by optimism about a strong economic recovery as economies continue their reopening efforts and COVID-19 vaccinations pick up pace in the European Union. Meanwhile, the European Commission revised upwards its GDP forecasts for 2021 and 2022, saying the growth will be driven by private consumption and investment, as well as rising demand for EU exports from a strengthening global economy. It also said that all Member States should see their economies return to pre-crisis levels by the end of 2022, an argument for the suspension of EU borrowing limits for governments in 2020 and 2021. Inflation, which has been below the ECB target for years, should accelerate to 1.7 percent in 2021 and slow down to 1.3 percent in 2022.
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 - Greece - data, forecasts, historical chart - was last updated on May of 2021.
The Euro Dollar Exchange Rate - EUR/USD is expected to trade at 1.21 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 1.20 in 12 months time.