MACRO / EUR REGIME

The euro, measured.

One evidence-led view of domestic value, external strength, money growth, reserve role and how much Bitcoin a fixed €100 can buy. Nothing is collapsed into an opaque score.

€100 purchasing power · 1Y
€100€96.29
RESEARCH PERIOD
1YChange once to update every chart and reading.
Showing 1Y
Reading ruleRead each axis independently: domestic purchasing power can fall while the currency remains firm in FX markets and important in global reserves.
€100 at start€100.001Y
Domestic purchasing power now€96.29same starting basket
Cumulative inflation
+3.9%
Annualized inflation
+3.5%
Latest rolling inflation
+3.8%
Purchasing-power drawdown
-3.7%
DOMESTIC VALUE

Purchasing power

3.8% inflation over the latest twelve-month observation window.

REGIMEDeteriorating
€100 at selected start = 100Available
€100 purchasing power
Normalized only where explicitly labeled
20252026100.496.3
Purchasing power of €100Deteriorating
Source
Eurostat
Series
CP0000EZ19M086NEST
Classification
official
Frequency
monthly
Latest observation
Sep 1, 2026
Status
Available

Method: Purchasing power is the inverse of the all-items consumer price index, rebased to 100 at the selected start.

Limit: HICP coverage follows the changing euro-area composition. No pre-1999 euro history is fabricated.

EXTERNAL VALUE

External strength

Neutral on the broad effective rate; bilateral pairs remain separately inspectable.

REGIMENeutral
Broad effective exchange-rate indexAvailable
Effective FX index
Normalized only where explicitly labeled
20252026131.1128.7
Nominal broad euro EERNeutral
Series
EXR.M.E03.EUR.EN00.A
Classification
official
Frequency
monthly
Latest observation
Sep 1, 2026
Status
Available

Method: The primary signal is the broad trade-weighted nominal effective exchange-rate index.

Limit: Effective rates measure external value, not domestic purchasing power or reserve importance.

EUR vs USDNeutral
Series
Derived
Classification
official
Frequency
daily
Latest observation
Oct 9, 2026
Status
Available

Method: Bilateral EUR strength is expressed as units of USD purchasable with one EUR.

Limit: A bilateral rate can diverge from the trade-weighted effective exchange rate.

EUR vs CHFWeak
Series
Derived
Classification
official
Frequency
daily
Latest observation
Oct 9, 2026
Status
Available

Method: Bilateral EUR strength is expressed as units of CHF purchasable with one EUR.

Limit: A bilateral rate can diverge from the trade-weighted effective exchange rate.

EUR vs JPYStrong
Series
Derived
Classification
official
Frequency
daily
Latest observation
Oct 9, 2026
Status
Available

Method: Bilateral EUR strength is expressed as units of JPY purchasable with one EUR.

Limit: A bilateral rate can diverge from the trade-weighted effective exchange rate.

EUR vs GBPNeutral
Series
Derived
Classification
official
Frequency
daily
Latest observation
Oct 9, 2026
Status
Available

Method: Bilateral EUR strength is expressed as units of GBP purchasable with one EUR.

Limit: A bilateral rate can diverge from the trade-weighted effective exchange rate.

MONEY SUPPLY

Monetary expansion

Moderate M3 growth; no causal claim is attached.

REGIMEModerate
Selected start = 100Awaiting update
M3
Normalized only where explicitly labeled
20252026103.5100.0
M3 monetary aggregateModerate
Series
BSI.M.U2.Y.V.M30.X.I.U2.2300.Z01.E
Classification
official
Frequency
monthly
Latest observation
Aug 1, 2026
Status
Awaiting update

Method: M3 growth is measured independently using year-over-year change and multi-year CAGR.

Limit: Money-stock growth is not, by itself, evidence of FX weakness or a causal Bitcoin signal.

GLOBAL ROLE

Reserve status

Secondary Global Reserve; current share 20.6% versus a 24.2% observed-history peak. Quarter-to-quarter moves include valuation effects.

REGIMESecondary Global Reserve
Share of official FX reserves · %Awaiting update
EUR
Normalized only where explicitly labeled
2025202620.620.0
Share of global FX reservesSecondary Global Reserve
Series
COFER
Classification
official
Frequency
quarterly
Latest observation
Apr 1, 2026
Status
Awaiting update

Method: Share of world official foreign-currency reserves reported in IMF COFER.

Limit: COFER is quarterly, aggregate and subject to revision. Reported share changes combine allocation decisions with exchange-rate and asset-price valuation effects.

BITCOIN LENS

Bitcoin purchasable with €100

How much Bitcoin €100 can buy over the selected period, shown as context rather than a composite signal.

REGIMEStrong
Bitcoin purchasable with €100 · selected start = 100Available
BTC purchasable with 100 fiat units
Normalized only where explicitly labeled
20252026180.695.2
Bitcoin purchasable with €100Strong
Series
BTC-USD
Classification
institutional
Frequency
daily
Latest observation
Oct 18, 2026
Status
Available

Method: Units of Bitcoin purchasable with €100, normalized to 100 at the selected start.

Limit: Bitcoin begins only with reliable stored BTC-USD observations; no pre-existence history is backfilled.

Methodology, freshness and known limitations

Engine rules

  • No composite currency score is calculated. Each dimension remains visible and independently sourced.
  • Changes use the last observation on or before each horizon. Percentiles compare the latest observation with the full ingested history.
  • Selected-range charts include the nearest prior observation when available so the rebase has an auditable anchor.
  • Missing or delayed data never defaults to neutral; it is surfaced as Not ingested, Awaiting update, Stale or Unavailable.

Data audit

Purchasing power of €100AvailableSep 1, 2026 · official
Nominal broad euro EERAvailableSep 1, 2026 · official
EUR vs USDAvailableOct 9, 2026 · official
EUR vs CHFAvailableOct 9, 2026 · official
EUR vs JPYAvailableOct 9, 2026 · official
EUR vs GBPAvailableOct 9, 2026 · official
M3 monetary aggregateAwaiting updateAug 1, 2026 · official
Share of global FX reservesAwaiting updateApr 1, 2026 · official
Bitcoin purchasable with €100AvailableOct 18, 2026 · institutional