The official currency of Slovenia is the Euro. The euro bounced back to $1.21 at the end of a volatile week, moving closer to an over two-month high of $1.218 hit on Tuesday, supported by optimism about Europe's economic recovery helped by the ongoing reopening efforts and the acceleration of COVID-19 vaccinations. On Wednesday, 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. Inflation, which has been below the ECB target for years, should accelerate to 1.7% in 2021 and slow down to 1.3% 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 - Slovenia - 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.