Historical Year Data · 2007

EUR/GBP in 2007

EUR/GBP opened 2007 at 0.67 and closed at 0.74, a +9.26% move for the year. The high of 0.74 was reached on December 28, and the low of 0.65 on January 22.

Open

0.67

2007-01

0.74

260 data points

High

0.74

Dec 28

Low

0.65

Jan 22

Full Year Change

+9.26%

2006 Change

-2.02%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Jan	0.67	0.66	0.67	0.65	-1.46%
Feb	0.66	0.67	0.67	0.66	+1.78%
Mar	0.67	0.68	0.69	0.67	+0.89%
Apr	0.68	0.68	0.68	0.67	+0.70%
May	0.68	0.68	0.69	0.68	-0.69%
Jun	0.68	0.67	0.68	0.67	-0.53%
Jul	0.68	0.67	0.68	0.67	-0.38%
Aug	0.67	0.68	0.68	0.67	+0.49%
Sep	0.67	0.7	0.7	0.67	+3.20%
Oct	0.69	0.7	0.7	0.69	+0.30%
Nov	0.69	0.71	0.72	0.69	+2.61%
Dec	0.71	0.74	0.74	0.71	+3.46%

Events During 2007

2008 Financial Crisis

Deflation

September 2007 – March 2009

The 2008 Financial Crisis remains the deepest and most instructive market event of the 21st century. Subprime losses cascaded through leveraged balance sheets, froze interbank lending, and forced unprecedented central bank intervention.

2006 US Housing Market Peak

Goldilocks

June 2006 – February 2007

US home prices peaked in summer 2006 after a 106% rally from 2000. Subprime mortgage underwriting collapsed in late 2006, setting up the 2008 crisis. The peak is the canonical example of a market top visible only in retrospect.