Now: 1.17 USD/EUR · 98th percentile of 65 observations · most extreme in the 65 observations on record
This series tracks how many US dollars it takes to buy one euro, a rate set by trading activity in global currency markets. It typically moves on differences in interest rates between the US Federal Reserve and European Central Bank, relative economic growth or inflation expectations, trade flows, and shifts in investor sentiment toward risk or safety.
At 1.17, the euro is at its strongest point against the dollar in this 65-observation record, which spans a range of 1.13 to 1.17. What specifically drove past readings to this upper end of the range is not stated in the available data, so any explanation would be speculation. Worth watching next is whether this level holds or reverses, and whether future observations extend the range further, which would reset what counts as historically extreme for this series.