Exchange Rate in Euro Area
The euro saw volatility over the last decade in response to changes in global risk sentiment, and relative interest rates in the U.S. vs Europe. That said, the euro has tended to depreciate vs the dollar, likely on higher safe-haven demand, a negative interest rate differential with the U.S. and the United States' economic outperformance relative to the Eurozone.
The exchange rate ended 2022 at USD 1.07 per EUR, compared to the end-2021 value of USD 1.14 per EUR. For more exchange rate information, visit our dedicated page.
Euro Area Exchange Rate Chart
Note: This chart displays Exchange Rate (USD per EUR, eop) for Euro Area from 2014 to 2024.
Source: Macrobond.
Euro Area Exchange Rate Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Exchange Rate (USD per EUR, eop) | 1.22 | 1.14 | 1.07 | 1.10 | 1.04 |
| Exchange Rate (USD per EUR, aop) | 1.14 | 1.18 | 1.05 | 1.08 | 1.08 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects European exchange rate projections for the next ten years from a panel of 47 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable exchange rate forecast available for European exchange rate.
Download one of our sample reports to visualize what a Consensus Forecast is and see our European exchange rate projections.
Want to get access to the full dataset of European exchange rate forecasts? Send an email to info@focus-economics.com.