Exchange Rate in Italy

Italy Exchange Rate | Economic News & Forecasts

Italy - Exchange Rate

On 17 October the European Commission (EC) rebuked Italy for breaching European deficit rules after the populist coalition submitted a spendthrift 2019 budget on 15 October. Despite vigorous criticism from the EC and a significant increase in bond yields in the aftermath, the budget has outlined raising the target for next year’s fiscal deficit to 2.4% of GDP and includes handouts to the unemployed and pensioners. The clash with European institutions is likely only the beginning of a fiery exchange and could result in the launching of a Significant Deficit Deviation Procedure. To complicate matters, these political tensions and financial volatility come at a time when, according to both hard and survey-based data, the economy looks to have shifted into a lower gear: Consumer spending is being weighed by weak wage dynamics due to stagnating productivity growth, while business investment is being held back by rising interest rates and a mediocre business environment. On the bright side, credit continued to expand—albeit modestly—in Q3, while external demand was solid in July–August.

Italy - Exchange Rate Data

2013  2014  2015  2016  2017  
Exchange Rate (vs USD)1.38  1.21  1.09  1.05  1.20  

Sample Report

5 years of economic forecasts for more than 30 economic indicators.

Download

Italy Exchange Rate Chart


Italy Exchange Rate
Note: U.S. dollar (USD) per euro.
Source: Thomson Reuters.

Italy Facts

ValueChangeDate
Bond Yield3.46-0.11 %Nov 13
Exchange Rate1.130.65 %Nov 13
Stock Market19,227-0.99 %Nov 13

Sample Report

Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.

Download

Start Your Free Trial

Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.

Sign Up

Economic News

Search form