This graph shows only the development of 1 year. Take a 10 years graph and you will see that 1 Euro valued over $1,60 in 2008/2009. This means the Euro have lost over 50% of its value within a couple of years. And I predict it will fall under parity soon.
I see that EUR has been dropped recently and it is near to have the same value as dollar, the crisis affects directly the economy of europe countries and i think a little bit the bitcoin price.
It hasn't reached the dollar yet. If it will it should be a clear sign that the union is dying.
The exchange rate has been dropped again but this is a sign that the currency of europe union is not good, maybe the Greece crisis affected directly the value of one euro.
It's been going downhill for a while:
The difference is not as large as it used to be:
1 EUR = 1.08732 USD
1 USD = 0.919691 EUR
I wonder if 1 EUR will be worth less than 1 USD in some years..
Great that you share with us this graph, we can see how much has been decreased the value of EUR, it will be worth less than 1USD soon in few years max.
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