Free Trial
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
EUROZONE
The EER-42 Euro nominal effective exchange rate has had a bad run - down 8% from its most recent peak (Dec 2020), it has fallen to its lowest level since July 2017.
- However, the drop has been fairly unremarkable by historical standards.
- There have been 8 falls in the basket of 5% or more since the EUR was launched in 1999.
- If it concluded today, the current sell-off would be just the 7th worst of those 8 (with the only milder one being the 5.5% fall between 2018 and 2020). The others in reverse chronological order:
- Mid-2018 to Mar 2020 -5.5%
- Mar2014 to Apr 2015 -14.9%
- Apr 2011 to Oct 2012 -10.4%
- Oct 2009 to Jun 2010 -13.4%
- Mar 2008 to Oct 2008 -8.7%
- Dec 2004 to Feb 2006 -8.9%
- Oct 1998 to Oct 2000 -20.7% (starting from EUR inception on Jan 1 1999, it's -19.2%).
EER-42 Euro Exchange Rate And Falls From Local Peaks %Source: BBG, MNI
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok