Montenegro GDP Growth Rate YoY
Following its independence from Serbia in 2006, Montenegro is currently undertaking an economic transition. It does not have its own currency, and the Euro is used as legal tender throughout the country. The economy of Montenegro is primarily reliant on foreign tourists, as well as on the sale of refined metals. On the financial side, household consumption accounts for the majority of GDP (80%), followed by government expenditure (19%) and gross fixed capital formation (19%). Exports of products and services account for 40% of GDP, while imports account for 60%, resulting in 20% of total GDP.
A higher than expected figure should be seen as positive (bullish) for the EUR while a lower than expected figure should be seen as negative (bearish) for the EUR.
Forex Sentiment (EUR)
Symbol | Community Trend (Shorts vs Longs) | Symbol Popularity | Avg. Short Price / Distance From Price | Avg. Long Price / Distance From Price | Current Price | |
---|---|---|---|---|---|---|
EURUSD |
|
|
1.1281 -403 pips |
1.1583 +101 pips |
1.16840 | |
EURAUD |
|
|
1.7163 -695 pips |
1.7958 -100 pips |
1.78577 | |
EURJPY |
|
|
164.6923 -705 pips |
170.6107 +113 pips |
171.739 | |
EURCAD |
|
|
1.5588 -463 pips |
1.6096 -45 pips |
1.60508 | |
EURCHF |
|
|
0.9351 +3 pips |
0.9478 -130 pips |
0.93478 | |
EURCZK |
|
|
24.5218 +960 pips |
0 +244258 pips |
24.42580 | |
EURGBP |
|
|
0.8570 -73 pips |
0.8658 -15 pips |
0.86434 | |
EURHUF |
|
|
395.9733 +66 pips |
405.0881 -977 pips |
395.32 | |
EURNOK |
|
|
10.6220 -11223 pips |
11.7581 -138 pips |
11.7443 | |
EURNZD |
|
|
1.9089 -708 pips |
1.9834 -37 pips |
1.97973 |