The collapse of the euro

[Черномашенцев Владимир]

Сообщение от Guriev, Igor

euro initially was less than a dollar.
In 2002, their courses are equal. Summer.

Then the euro grew and grew.

It's your personal opinion which does not correspond to reality.

Check - in time of entering the euro into circulation rate was at the level of 1,22-1,21 dollars per euro. Then a couple of years, the euro became cheaper relative to the dollar and dodeshevel to about 0,83. After that grew and grew, matured by 2008 to 1,6. Then, in the crisis fell to 1,23-1,24, then again grew to 1,5. Now again declined.

In confirmation - see chart.

Since the euro fell or grew up?