The official currency of Luxembourg is the Euro. The euro depreciated below $1.19 on Friday, not far from last week's five-month low of $1.17, after economic data showed industrial production in Germany and France contracted sharply in February, missing market forecasts of activity growth. Elsewhere, investors tried to focus on the prospect of a strong economic recovery, despite the uncertainty around rising infection rates and the slow rollout of vaccines. EU leaders agreed last month on the need to urgently accelerate the vaccination campaigns, but said they would keep restrictions in place for the time being, including on non-essential travel.
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 - Luxembourg - data, forecasts, historical chart - was last updated on April of 2021.
The Euro Dollar Exchange Rate - EUR/USD is expected to trade at 1.18 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 1.17 in 12 months time.