I want to understand the historical background of the EUR/USD exchange rate. How has it fluctuated over time and what factors have influenced these movements?
7
answers
Lorenzo
Sun Jan 26 2025
The EUR/USD exchange rate history traces back to the inception of the Euro in January 1991.
PearlWhisper
Sat Jan 25 2025
When the new currency began to circulate widely within Europe in 2002, the EUR/USD exchange rate stood at 0.8901.
CryptoGladiatorGuard
Sat Jan 25 2025
When the Euro was first introduced, it opened at an exchange rate of 1.1795 against the US Dollar.
Stefano
Sat Jan 25 2025
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Federica
Sat Jan 25 2025
However, shortly after its launch, the value of the Euro began to decline significantly.