Euro Exchange Rate | EUR/USD | Luxembourg

The Euro Exchange Rate | EUR/USD | Luxembourg remained unchanged at 1.38 in April from 1.38 in March of 2014. Euro Exchange Rate | EUR/USD | Luxembourg averaged 1.36 from 1957 until 2014, reaching an all time high of 1.87 in July of 1973 and a record low of 0.70 in February of 1985. The euro is the official currency of Luxembourg, which is a member of the European Union. The Euro Area refers to a currency union among the European Union member states that have adopted the euro as their sole official currency. In Luxembourg, interest rate decisions are taken by the Governing Council of the European Central Bank. This page provides - Euro Exchange Rate | EUR/USD | Luxembourg - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-24

Actual Previous Highest Lowest Forecast Dates Unit Frequency
1.38 1.38 1.87 0.70 1.38 | 2014/05 1957 - 2014 Daily

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Euro Exchange Rate | EUR/USD | Luxembourg
LIST BY COUNTRY

Markets Last Previous Highest Lowest Forecast Unit
Currency 1.38 2014-04-22 1.38 1.87 0.70 1.38 2014-05-31 [+]
Stock Market 1525.65 2014-04-22 1524.02 2578.24 639.86 1488.45 2014-05-31 Index points [+]
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Currency | Notes
An exchange rate is the current market price for which one currency can be exchanged for another. For instance, if the Euro exchange rate for the United States Dollar stands at 1.3, this means that 1 euro can be exchanged for 1.3 U.S. dollars. Because exchange rates play such an important role in a country's competiveness level, currency exchange rates are among the most analysed and forecasted indicators in the world. The exchange rate is determined by the level of supply and demand on the international markets. However, changes in foreign exchange market rates are often difficult to understand and to predict because the market is very large and volatile. In fact, the currency markets are the most liquid in the world with a daily turnover of close to $2 trillion, which compares to $500 billion for the US government bond market and $70 billion on the New York Stock Exchange.


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