Exchange Rate in Austria

Austria Exchange Rate | Economic News & Forecasts

Austria - Exchange Rate

The economy is forecast to contract at a steep pace in the second quarter due to Covid-19. On the domestic front, unemployment is projected to rise further, which, combined with souring consumer sentiment, will suppress private consumption. Moreover, business activity will be dragged by deteriorating confidence and worsening operating conditions through May despite the gradual lifting of lockdown restrictions. On the external front, weak demand abroad bodes poorly for Austrian exports. This follows a first quarter in which the economy contracted at the sharpest pace since current records began in 1996 as the global pandemic took its toll on private consumption, fixed investment and exports. Household expenditure, in particular, shrank at the quickest pace in over two decades. Moreover, business outlays declined as private-sector activity ground to a halt, while the global lockdown extinguished foreign demand.

Austria - Exchange Rate Data

2015   2016   2017   2018   2019  
Exchange Rate (vs USD)1.00  1.00  1.00  1.00  1.00  

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Austria Exchange Rate Chart

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

Austria Facts

Value Change Date
Bond Yield0.030.40 %Jan 01
Exchange Rate1.120.65 %Dec 31

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