Exchange Rate in Greece
Greece - Exchange RateTensions between Greece and its creditors remained high at the start of the year, as the parties clashed over required reforms. Eurozone finance ministers postponed a review of the country’s bailout in January amid disagreements over labor and energy reforms as well as fiscal targets. A successful review of the bailout is vital for Greece as it will unlock much-needed fresh funds before heavy debt repayments in H2. On a positive note, a short-term debt relief deal from the Eurozone governments that was frozen in December was unblocked on 20 January. Recent economic data for Q4 is mixed: Industrial production growth slowed in November but the manufacturing PMI rose to a four-month high in December.
Greece - Exchange Rate Data
|Exchange Rate (vs USD)||1.30||1.32||1.38||1.21||1.09|
5 years of economic forecasts for more than 30 economic indicators.
Greece Exchange Rate Chart
Source: Thomson Reuters.
|Bond Yield||7.83||-0.03 %||Feb 16|
|Exchange Rate||1.07||0.92 %||Feb 16|
|Stock Market||629||0.49 %||Feb 16|
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February 14, 2017
Growth in Greece’s crisis-hit economy stalled in the fourth quarter after recording the best performance seen since Q1 2008 in Q3.
February 9, 2017
Industrial production expanded a working-day adjusted 2.2% in December compared to the same month of the previous year, which was above November’s revised 2.0% rise (previously reported: +2.3% year-on-year).
February 9, 2017
The number of unemployed decreased by 1,900 in November, according to the Hellenic Statistical Authority (EL.STAT.).
January 12, 2017
The number of unemployed decreased by 8,200 in October, according to the Hellenic Statistical Authority (EL.STAT.).
January 10, 2017
Industrial production expanded a working-day adjusted 2.3% in November compared to the same month of the previous year, which was a deceleration from October’s revised 7.0% rise (previously reported: +6.8% year-on-year).