The euro is the official currency of Italy, which is a member of the European Union. The Euro Area refers to a currency union among the European Union member states that have adopted the euro as their sole official currency. In Italy, interest rate decisions are taken by the Governing Council of the European Central Bank. This page provides - Euro Exchange Rate | EUR/USD | Italy - actual values, historical data, forecast, chart, statistics, economic calendar and news. Euro Exchange Rate - EUR/USD - Italy - actual data, historical chart and calendar of releases - was last updated on May of 2018.