The official currency of Slovakia is the Euro. The Euro traded higher around $1.185 on Friday, not far from the highest since September 16th of $1.188 touched earlier in the week. Investors remained cautious as they wait for news about Brexit negotiations and a US coronavirus aid package. On the economic data front, flash PMI data indicated the first decline in private sector activity in four months, mainly due to a steep deterioration in the service sector due to rising coronavirus worries and restrictions. For the week, the Euro is heading for a 1.1% gain.
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 1.18 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 1.16 in 12 months time.