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    Germany - euro - Currency Guide

     

    Foreign exchange guide to Germany and the euro (EUR)

         

    USD/EUR Trend (90-day)

    USD to EUR at 0.8618 has risen 1.0% above its 90-day average, range 0.8412-0.8672.
    |
    14-DAYHIGH
     

    The below interactive chart displays the USD/EUR trend and UP DOWN HIGH LOW alerts

     
    USD to EUR Currency Trend Chart

    General Currency Info - euro

    The euro (ISO: EUR) is involved in slightly more than 30% of all foreign exchange deals, and as such, is the world’s second most traded currency, behind the US dollar.

    The euro is the currency of the eurozone (officially called the ‘euro area’), which consists of 19 of the 28 member states of the European Union, and is used by almost 350 million Europeans. It was introduced in January 1999.

    Of all the thousands of exchange rates that exist in the world, the euro-to-US dollar exchange rate is the most actively traded, or most ‘liquid’.

    Since its introduction, the euro’s lowest value against the dollar came in October 2000 when EUR/USD hit lows of 0.8231. The currency was strongest in July 2008, shortly before the worst stage of the 2007-2009 financial crisis, when EUR/USD reached 1.6038.

    There are currently more than twenty nations and territories which peg their currencies to the euro, the largest of which is Denmark.

       

    EUR Forecasts and Trends

    Dollar strength and German political uncertainty sees the Eurozone single currency on the decline and at 1 YEAR LOWS versus the greenback touching the 1.15 level vs the greenback.

    There will be a close eye kept on Eurozone inflation data on October 29, any upside surprise could support the euro.

    EUR Outlook

    US dollar to euro - Historical Rates

    USD/EUR wasChangePeriod
    0.8623
    13 Oct 2021
    0.1% 2 Weeks
    0.8409
    29 Jul 2021
    2.5% 90 Days
    0.8487
    27 Oct 2020
    1.5% 1 Year
    0.9101
    28 Oct 2016
    5.3% 5 Years
    0.7065
    30 Oct 2011
    22% 10 Years
    1.1052
    01 Nov 2001
    22% 20 Years
    USD/EUR change over periods to 27-Oct-2021
     

    $10,000 USD
    =
    €8,614 EUR

    Converted at USD/EUR interbank rate, compare Send Money and Currency Exchange exchange rates.

    USD to EUR - Quick Amounts

    Sell USD   →   Buy EUR
    USD EUR
    $ 1 0.8614
    $ 5 4.3070
    $ 10 8.6140
    $ 20 17.23
    $ 50 43.07
    $ 100 86.14
    $ 250 215.35
    $ 500 430.70
    $ 1,000 861.40
    $ 2,000 1,723
    $ 5,000 4,307
    $ 10,000 8,614
    $ 20,000 17,228
    $ 50,000 43,070
    $ 100,000 86,140
    USD EUR
    $ 1.1609 € 1
    $ 5.8045 € 5
    $ 11.61 € 10
    $ 23.22 € 20
    $ 58.05 € 50
    $ 116.09 € 100
    $ 290.23 € 250
    $ 580.45 € 500
    $ 1,161 € 1,000
    $ 2,322 € 2,000
    $ 5,805 € 5,000
    $ 11,609 € 10,000
    $ 23,218 € 20,000
    $ 58,045 € 50,000
    $ 116,090 € 100,000

    More amounts

     

    Frequently Asked Questions

     

    What currency should I use in Germany?

    The domestic currency in Germany is the euro.

    What is the euro currency code and symbol?

    The three letter currency code for the euro is EUR — symbol is .

    Which countries use the euro?

    It is the domestic currency in    Eurozone,   Aaland Islands,   Andorra,   Austria,   Belgium,   Cyprus,   Estonia,   Finland,   France,   French Guinea,   French Southern Territories,   Germany,   Greece,   Guadeloupe,   Vatican City,   Ireland,   Italy,   Luxembourg,   Malta,   Martinique,   Mayotte,   Monaco,   Montenegro,   Netherlands,   Portugal,   Reunion,   Saint Barthélemy,   Saint Martin,   Saint Pierre and Miquelon,   San Marino,   Slovakia,   Slovenia and Spain.

    Is the euro a closed currency?

    No, the euro is freely available and convertible. See guide: What is a closed currency?

     

    Travel, Currency and Money saving tips for Germany

    Accommodation and food are quite cheap in Germany compared the neighbouring countries. Interestingly, of the Eurozone countries, Germans top the list for keeping the most cash in their wallets. It is not uncommon in Germany for restaurants to only accept cash, so make sure you have some euros before visiting.

    High speed transport by train (Deutsche Bahn) is expensive however, but is very fast and efficient. But if on a budget one can try using the much cheaper, and much slower trains. Which may be fine if you enjoy the journey as much as the destination when travelling. ATMs and banks are easily available everywhere, and all major credits cards are accepted.

    The bus and local train network are both extensive and not too expensive, though to get to smaller towns you may have to bus to a nearby big city then take another bus to your destination. Also another popular way to get around Germany is by car, which is flexible and easy and you get to experience the famous Autobahn on which there is no speed limit.

    Alternatively cheapest flights are now available to get around Germany and are a good way to save time on your travels if you don't mind missing seeing the landscape while you travel.

     

    Travel money for Germany

    Save money and time by Ordering your euro online from Travelex, you get better rates and can pick up the EUR cash locally or even on travel day at the airport.

    Another popular option is to use a Pre-paid Travel Card. Your Debit/Credit Card provider will charge you 2% from market mid-rate, but your bank may also charge an extra 3% as an “Overseas Transaction Charge” plus “Overseas ATM” fees for withdrawing cash.

    For card purchases if offered a choice of currencies always select to Pay in euro otherwise you may get much worst exchange rates.

     

    Send Money to Germany - Best Rates

    To get a good (and fair) exchange rate when sending money to Germany you need to find and compare exchange rates for International Money Transfers (IMTs).

    The available FX rates for sending money abroad can be very different to the mid-market (wholesale) rate which you see reported online and in the News.

    You should especially compare your own bank's exchange rates to those available from Money Transfer specialists to see how much you can save - we make that calculation easy in the below table.


    Get a better deal for foreign transfers to Germany

    When sending money to Germany it’s important to compare your bank’s rates & fees with those we have negotiated with our partner money transfer providers. To get a better deal you should follow these 4 simple steps :

    1. Open an account with a BER reviewed FX provider (id docs may be required)
    2. You specify the local or euro amount you want to transfer
    3. Make a local currency domestic transfer for the requested amount to the provider's bank account in your country
    4. Once your funds are received by the provider the converted EUR amount will be transfered to the recipient account you specify in Germany.

    Use the above Send to euro calculator to compare the exchange rates of FX specialist providers rates versus your bank's standard rates you can hopefully save around 5% and maybe more - end result is more euro deposited into the recipient bank account and less margins and fees kept by the banks!


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