Exchange Rate in Greece

Greece Exchange Rate | Economic News & Forecasts

Greece - Exchange Rate

After a stronger-than-expected first quarter GDP figure, the economy is expected to have grown for a second consecutive period in Q2, although at a weak pace. Industrial production picked up in May and the manufacturing PMI returned to expansionary territory in June for the first time since August 2016. In addition, the tourism industry—the economy’s lifejacket throughout the crisis—performed strongly in April. Moreover, the country received EUR 8.5 billion in funds from its creditors in July, avoiding a summer showdown over reform requirements and ensuring that the government will be able to fulfill short-term debt commitments. As the economic picture becomes slightly more stable, the country received another piece of good news in recent weeks. The European Commission recommended that the European Council should end the country’s excessive deficit procedure in July, removing special oversight over the government’s spending. The move highlights improving government finances, after the country recorded a fiscal surplus in 2016. Meanwhile, the country returned to international financial markets after a three-year absence on 25 July selling a five-year bond, an important step for the government towards gaining financial independence

Greece - Exchange Rate Data

2012  2013  2014  2015  2016  
Exchange Rate (vs USD)1.32  1.38  1.21  -     -     

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Greece Exchange Rate Chart

Greece Exchange Rate
Note: U.S. dollar (USD) per euro.
Source: Thomson Reuters.

Greece Facts

Bond Yield5.440.03 %Aug 16
Exchange Rate1.17-0.12 %Aug 16
Stock Market8421.77 %Aug 16

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