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    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 USD to EUR exchange rate has been trading at 7-day highs near 0.9215, just 0.5% below its 3-month average of 0.9261, remaining within a stable range of 2.6% from 0.9141 to 0.9375. Recent forecasts suggest a somewhat mixed outlook for the pair. The US dollar (USD) has been strengthening amid downbeat trade sentiments, with the potential for a retreat if the latest US services PMI data falls short of expectations, dampening USD exchange rates. On the other side, the euro (EUR) has been softening due to speculation of a rate cut from the European Central Bank (ECB) in September and its negative correlation with a strengthening USD. However, if the Eurozone's preliminary PMIs for July show increased services activity, it could offer some support to the common currency.

    Moreover, the euro can be impacted by oil price movements, with OIL to USD currently at 81.56, 2.7% below its 3-month average of 83.86, after trading in a volatile range of 15.4% from 77.54 to 89.50. The market view suggests that factors such as European inflation, potential ECB rate cuts, US interest rate trends, and recent economic performance in both regions will likely continue to influence the USD to EUR exchange rate in the near term. Traders and businesses engaged in USD to EUR transactions should pay close attention to upcoming economic data releases and central bank announcements to navigate potential fluctuations in the currency pair.

     
    @bestfxrates : USD/EUR at 7-day highs near 0.9215, yet to break past recent 2.6% stable range. Market eyes US services PMI & ECB rate decision, with potential impacts from Eurozone July PMIs & oil price shifts. Analysts say keep a close watch on economic data for currency fluctuation cues. #ForexUpdate #USDEUR

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    USD to EUR Market Data

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

     
    1 USD =
    0.9218We compare provider deals to this wholesale mid-market rate. Read more
    EUR
    +0.1%
    1W
    USD to EUR is at 7-day highs near 0.9225, just below its 3-month average, having traded in a very stable 2.6% range from 0.9141 to 0.9375
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    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
    10 Jul 2024
    0.9231
    0.1% 2 Week
    25 Apr 2024
    0.9322
    1.1% 3 Month
    25 Jul 2023
    0.9050
    1.9% 1 Year
    26 Jul 2019
    0.8980
    2.7% 5 Year
    27 Jul 2014
    0.7445
    23.9% 10 Year
    29 Jul 2004
    0.8302
    11.1% 20 Year
    USD/EUR historic rates & change to 24-Jul-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.

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    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