Exchange Rate in Spain

Spain Exchange Rate | Economic News & Forecasts

Spain - Exchange Rate

The 28 April general election yielded a more fragmented parliament amid the breakthrough of the far-right Vox party. Moreover, in line with what opinion polls had anticipated, the Socialist Party (PSOE) won the largest number of seats in Congress, setting the stage for Prime Minister Pedro Sánchez to build a governing coalition. The results suggest that this will take the form of a left-of-center alliance comprised of PSOE, left-wing Unidas Podemos and a number of smaller, regional parties. Coalition talks are set to be long and difficult, however, especially if Catalan separatist parties are to play any role in the partnership. That said, heightened political uncertainty stemming from any protracted period of negotiations is unlikely to meaningfully impact the near-term economic outlook, as fundamentals remain sound. Despite Q4 2018 growth having been revised down, the election falls against the backdrop of still-solid economic activity; retail sales quickened in February which, combined with healthy job creation and improved consumer sentiment through March, point to upbeat household spending in Q1.

Spain - Exchange Rate Data

2013  2014  2015  2016  2017  
Exchange Rate (vs USD)1.38  1.21  1.09  1.05  1.20  

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Spain Exchange Rate Chart

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

Spain Facts

Bond Yield0.975.62 %May 10
Exchange Rate1.120.65 %May 13
Stock Market9,047-0.74 %May 13

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