After moving closer together in late May and early June of 2010, the Dollar to Euro exchange rate has widened recently. This is good news for the Euro, which started 2010 much stronger, but fell precipitously before making a gradual improvement over the past month.
Dollar to Euro Exchange Rate
Currently, the Dollar to Euro exchange rate sits puts the Euro ahead of the dollar, with the gap between the two currencies widening. However, this gap is not as wide as earlier this year, when the dollar fell below .70 Euros (looked at from the other side, this meant that one euro equaled more than $1.40 at this point).
As of July 16th, 2010, the Euro to Dollar exchange rate was $1.30 per Euro. This represents a major improvement for the Euro over this past month. In early June, the Euro had fallen all the way below $1.20 per Euro.
Historically, the month of June, 2010, marked the lowest valuation for the Euro relative to the dollar since March of 2006. In June of 2010, the average value of the Euro fell to just $1.22 per Euro. Meanwhile, in March of 2006, the value of the Euro was $1.20 per Euro. While this may be a sign of things to come for the Euro, many investors are confident that the Dollar to Euro exchange rate will continue to widen in the coming months.
