US Dollar Finally Equals Euro For The First Time In 20 YearsΒ
July 12, 2022
2:07 pm
The financial exchange market is in a bit of a quagmire as the exchange rate between the Euro and the United States dollar peaked at the same spot on Tuesday for the first time in 20 years.
As of Tuesday morning Greek time, one euro was measuring equal to exactly one dollar, which meant that the value of the euro has been dropped down by over 12 percent compared to its value at the beginning of the year. This means that the euro is at its weakest against the dollar since winter of 2002, twenty years ago.
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