Exchange Rate in Greece

Greece Exchange Rate | Economic News & Forecasts

Greece - Exchange Rate

Economic activity likely remained subdued in the second quarter, following a weaker-than-expected expansion in Q1. Although industrial production rebounded in June, the upturn was minimal and its average growth in the quarter remained below that of Q1. Moreover, despite falling unemployment, retail sales shrank in both April and May, while consumer confidence remained deep in negative territory in Q2, boding ill for private consumption. The third quarter, however, seems to have got off to a more positive start. In July, economic sentiment hit its highest level since March 2008, amid the electoral victory of the conservative New Democracy party, and the manufacturing PMI reached a three-month high. Meanwhile, late in the same month, Parliament approved a major tax relief package for companies and households. Although officials have stated that reaching the ambitious primary surplus target of 3.5% of GDP this year is still feasible, risks have increased amid the previous and current government’s stimulus measures.

Greece - Exchange Rate Data

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Greece Exchange Rate Chart

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

Greece Facts

Bond Yield1.990.76 %Sep 04
Exchange Rate1.100.65 %Sep 04
Stock Market854-1.46 %Sep 04

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