The parity in the two currencies comes after the euro plunged nearly 20% in value over the past 14 months compared to the U.S. dollar.
In the past two since, the euro has continually traded above the dollar, even reaching a value of $1.60 per euro during the financial crisis of 2008. And over the past decade, one euro has been worth, on average, $1.18, according to Federal Reserve data.
