Euro By The Numbers by Attain Capital

For the first time since 2003, the Euro currency exchange has dropped below 1.10, and just like that, Americans are rapidly booking trips to Europe to take advantage of the low price difference (maybe). We won’t get into the nitty gritty details of euro politics (Germany has all the money, while Greece has all the debt), the question on some minds is if the Euro will even be around 5 years from now?  Will Germany keep supporting the periphery countries in the name of the Euro?

Euro

(Disclaimer: Past performance is not necessarily indicative of future results)

Chart Courtesy: Finviz

We’ve spent a good amount of time talking about a “Trending U.S. Dollar,” and why it’s good for Managed Futures, but we haven’t spent much time talking other currencies, specifically, the Euro’s drop over the past 6 months. We talked a little bit about the Euro vs USD back in our “Complacency Everywhere,” where the currency experienced the tightest consecutive monthly ranges since the inception of the currency.

Euro

(Disclaimer: Past performance is not necessarily indicative of future results)

But despite all the “problems” in Europe – the Euro Currency is still at a premium to the US Dollar 107% approximately, even if it has dropped from a premium of 140% just a few months ago. Although that may change soon, with the Euro at fresh 10 year lows and threatening to break the psychological par level (1.00).  Who knows if that will happen, but while we’re waiting to see – why not take a look at the Euro Currency by the numbers:

333 Million – People in the Eurozone

125,000 – Numbers of Euros in one Euro Currency FX contract (CME)

220 – Numbers of months since Currency was officially adopted  (European Parliament)

-23.43% — Move since it’s last high in May 2014

19 – Number of Countries in the Euro Zone – (Countries that use the Euro)

-17.1% — Move over the past 6 months

11 – Years since Euro Fell below 1.10 to USD

8 – Consecutive Monthly Loss against the US Dollar (on track for 9)

-5.3% – Move over the past Month

3 – Consecutive Weekly Losses

2 –  Numbers of times another currency was pegged to the Euro (pegging and de-pegging)

$1.6038 – all time high vs the dollar (X-Rates)

$1.17 – price when launched (Wikipedia)

0.90 – Goldman Prediction of where the Euro will be by the end of the year – (Wall St. Journal)

$0.8252 – all time low vs the dollar (CNBC)