Switch .com Best Exchange Rates .com Best Exchange Rates .com Best Exchange Rates
 

USD to EUR 2024 Forecasts

Analysis of recent Dollar → Euro forecasts for 2024. We collate forecasts from respected FX analysts together with the latest US dollar to Euro performance and trends.

 

Forecasts for USD to EUR

 

The recent forecasts for the USD to EUR exchange rate indicate a mixed outlook for both currencies. The US dollar (USD) has been strengthening on the back of diminishing expectations for significant interest rate cuts by the Federal Reserve, driven by a robust US economy and better-than-expected job reports. This has led to upward pressure on the USD, supported by market risk aversion. FX analysts suggest that the momentum for the USD may continue in the near term, barring any unforeseen shifts in economic conditions.

On the other hand, the Euro (EUR) has faced pressure amidst speculations of potential rate cuts by the European Central Bank (ECB) and concerns about economic weakness in the Eurozone, particularly in Germany. Despite some positive indicators like an improvement in German business sentiment, the EUR remains vulnerable to ECB policy decisions and economic data. The forecast for the EUR against the USD remains cautiously optimistic for 2024, with the potential for a bullish trend, although uncertainties surrounding ECB rate cuts and Eurozone economic performance could influence the trajectory of the currency pair.

The USD to EUR exchange rate currently sits just above its 3-month average at 0.9231, reflecting a relatively stable trading range. Additionally, Oil to USD prices at 85.95, 5.6% above its 3-month average, could impact the EUR given its potential linkage to oil price movements. As the market anticipates upcoming US data releases and the Fed's interest rate decision, along with ECB actions, investors will closely monitor these factors to gauge the direction of the USD to EUR exchange rate in the coming months.

 
@bestfxrates : Mixed USD/EUR outlook as robust US jobs & economy bolster USD strength; Fed unlikely to cut rates. EUR under ECB rate cut speculation pressure despite positive German sentiment. Current USD/EUR rate at 0.9231, above 3M avg. Upcoming Fed & ECB decisions key. #USDEUR #CurrencyUpdate #Forex

Multi-Vendor Quote

We can help you get an even better deal when sending a Large International Money Transfer.

Click below for the Request Quotes form and enter your transfer details (BER account required).

Request Quotes

Save time and money - fewer websites to visit and you get a much better exchange rate & service.

Loading rates...

   
 
 

USD to EUR Market Data

US dollar (USD) to Euro (EUR) market data - latest interbank exchange rate, trend, chart & historic rates.

 
1 USD =
0.9257We compare provider deals to this wholesale mid-market rate. Read more
EUR
+0.1%
📈2W
USD to EUR at 0.9237 is just above its 3-month average, having traded in a very stable 3.7% range from 0.9004 to 0.9339
|
Sell USD   →   Buy EUR
My Rates

Manage My Rates   


Compare & Save - US dollar to Euro

Exchange rates can vary significantly between different currency exchange providers, so it's important to compare US dollar (USD) to Euro (EUR) rates from different sources before making a conversion.

Use our USD to EUR calculator to see how much you could save on your international money transfers. makes it easy to compare the Total Cost you are being charged on Dollar to Euro currency rates and the possible savings of using various providers.

 
DateUSD/EURChangePeriod
13 Mar 2024
0.9130
1.2% 2 Week
28 Dec 2023
0.9035
2.2% 3 Month
28 Mar 2023
0.9226
0.1% 1 Year
29 Mar 2019
0.8911
3.6% 5 Year
30 Mar 2014
0.7272
27% 10 Year
01 Apr 2004
0.8097
14.1% 20 Year
USD/EUR historic rates & change to 27-Mar-2024
 

Will the US dollar rise against the Euro?

It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.

To help with this you can add USD/EUR to your personalised Rate Tracker to track and benefit from currency movements.

 
Track Rate
 

Manage My Rates   

 

Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.

Keep track of currency Trends; Up📈 or Down📉 trends over periods from 1 week (1W) to 3 months (3M).

Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending


 

Read our Currency guide to the Eurozone - a practical currency and money guide to travel, living and doing business in the Eurozone with the Euro.

 
 

Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more