Current exchange rate

Euro at its highest level since January at 1.0956

The euro gained further ground on Friday, rising to its highest level in almost two months. During the night, the European single currency cost up to 1.0956 US dollars, its highest level since mid-January. In the morning, the exchange rate was only slightly lower.

The European Central Bank (ECB) had set the reference rate significantly lower at 1.0895 (Wednesday: 1.0874) dollars on Thursday afternoon. In New York, the euro was quoted at 1.0949 dollars at around 9 p.m. on Thursday.

The euro recently benefited from a weaker US dollar. The euro also gained strength on Thursday: as there were no signs of rapid interest rate cuts in the European currency area, the euro exchange rate continued to rise.