Exchange Rates: Recent Developments

November 2011
Germany Country Monitor;Nov2011, p13
Country Report
The article reports on the developments in the euro exchange rates in 2011. It states that euro has weakened from 1.425 U.S. dollars in November 2010 to 1.30 U.S. dollars in late 2010 until early 2011 due to the Eurozone sovereign debt problems in Ireland. It mentions that euro has increased to 1.494 U.S. dollars in May 2011 due to the increased interest rates of the European Central Bank (ECB). It adds that euro has dropped to 1.3145 in October 2011 due to the halt in interest-rate hiking.


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