Long-Term Chart synthetic EUR/USD

Long-Term Chart synthetic EUR/USD

The Euro was only introduced as a currency on the 1st January of 1999. However, synthetic historical prices going back much further can be modeled if we consider a weighted average of the previous currencies (source: tradingeconomics):

EUR/USD LT-Chart 1958-03/2016 (tradingeconomics)

Historically, the Euro Dollar Exchange Rate - EUR/USD reached an all time high of 1.87 in July of 1973 and a record low of 0.70 in February of 1985. In the following chart (source: tradingsignal) one can see the "magic-level" of ca. 1.0 EUR/USD, which the media is so keen on writing about the last quarters...