Euro by the Numbers

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

Traveling the EuropePhoto Courtesy: New York Times

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.

Market Range(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 (July 2008) (X-Rates)

$1.17 – price when launched (Jan. 1999) (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 (Oct. 2000) (CNBC)

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Disclaimer
The performance data displayed herein is compiled from various sources, including BarclayHedge, and reports directly from the advisors. These performance figures should not be relied on independent of the individual advisor's disclosure document, which has important information regarding the method of calculation used, whether or not the performance includes proprietary results, and other important footnotes on the advisor's track record.

Benchmark index performance is for the constituents of that index only, and does not represent the entire universe of possible investments within that asset class. And further, that there can be limitations and biases to indices such as survivorship, self reporting, and instant history.

Managed futures accounts can subject to substantial charges for management and advisory fees. The numbers within this website include all such fees, but it may be necessary for those accounts that are subject to these charges to make substantial trading profits in the future to avoid depletion or exhaustion of their assets.

Investors interested in investing with a managed futures program (excepting those programs which are offered exclusively to qualified eligible persons as that term is defined by CFTC regulation 4.7) will be required to receive and sign off on a disclosure document in compliance with certain CFT rules The disclosure documents contains a complete description of the principal risk factors and each fee to be charged to your account by the CTA, as well as the composite performance of accounts under the CTA's management over at least the most recent five years. Investor interested in investing in any of the programs on this website are urged to carefully read these disclosure documents, including, but not limited to the performance information, before investing in any such programs.

Those investors who are qualified eligible persons as that term is defined by CFTC regulation 4.7 and interested in investing in a program exempt from having to provide a disclosure document and considered by the regulations to be sophisticated enough to understand the risks and be able to interpret the accuracy and completeness of any performance information on their own.

RCM receives a portion of the commodity brokerage commissions you pay in connection with your futures trading and/or a portion of the interest income (if any) earned on an account's assets. The listed manager may also pay RCM a portion of the fees they receive from accounts introduced to them by RCM.

See the full terms of use and risk disclaimer here.

Disclaimer
The performance data displayed herein is compiled from various sources, including BarclayHedge, and reports directly from the advisors. These performance figures should not be relied on independent of the individual advisor's disclosure document, which has important information regarding the method of calculation used, whether or not the performance includes proprietary results, and other important footnotes on the advisor's track record.

Benchmark index performance is for the constituents of that index only, and does not represent the entire universe of possible investments within that asset class. And further, that there can be limitations and biases to indices such as survivorship, self reporting, and instant history.

Managed futures accounts can subject to substantial charges for management and advisory fees. The numbers within this website include all such fees, but it may be necessary for those accounts that are subject to these charges to make substantial trading profits in the future to avoid depletion or exhaustion of their assets.

Investors interested in investing with a managed futures program (excepting those programs which are offered exclusively to qualified eligible persons as that term is defined by CFTC regulation 4.7) will be required to receive and sign off on a disclosure document in compliance with certain CFT rules The disclosure documents contains a complete description of the principal risk factors and each fee to be charged to your account by the CTA, as well as the composite performance of accounts under the CTA's management over at least the most recent five years. Investor interested in investing in any of the programs on this website are urged to carefully read these disclosure documents, including, but not limited to the performance information, before investing in any such programs.

Those investors who are qualified eligible persons as that term is defined by CFTC regulation 4.7 and interested in investing in a program exempt from having to provide a disclosure document and considered by the regulations to be sophisticated enough to understand the risks and be able to interpret the accuracy and completeness of any performance information on their own.

RCM receives a portion of the commodity brokerage commissions you pay in connection with your futures trading and/or a portion of the interest income (if any) earned on an account's assets. The listed manager may also pay RCM a portion of the fees they receive from accounts introduced to them by RCM.

See the full terms of use and risk disclaimer here.

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