1. Exchange Rates
  2. Euro (EUR)
  3. U.S. dollar (USD)

Convert EUR to USD at Best Exchange Rates

1 Euro equals
U.S. dollar 1EUR=USD

There are three simple steps you need to take in order to get a good EUR-USD exchange rate:

  1. Know the latest EUR to USD market mid-rate - this is your starting point!
  2. Compare your Bank and licensed FX provider transaction costs, including the exchange rate margins as well as the various types of fees. These margins and fee costs vary for Foreign Transfers and Travel Money transactions.
  3. Review up-to-date Currency News and Forecasts for both the Euro and U.S. dollar currencies, if available.

1. Market EUR/USD mid-rate

Right now the EUR/USD market rate is and represents how many U.S. dollar you can get for one Euro.

Calculate equivalent currency amounts with this EUR to USD currency converter then select the transaction type to compare the best exchange rates available.

Currency Converter EUR to USD

1 EUR equals

See how much you can save on exchange rates for :

Foreign Transfers    Travel Money

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EUR-USD 3 Month chart
EUR-USD 3 Month chart

Euro to U.S. dollar (EUR-USD) - 10 Year History

DateExchange RatePeriodChange
22 May 20181.1782Latest
15 May 20181.18201 Week-0.32%
22 Apr 20181.22741 Month-4.01%
23 Nov 20171.18516 Months-0.58%
22 May 20171.12381 Year+4.84%
22 May 20161.12192 Years+5.02%
23 May 20131.29235 Years-8.83%
24 May 20081.572010 Years-25.05%

The EUR/USD mid-rate is the rate you will see Quoted on Google or the News, nobody except the largest banks and businesses can get exchange rates close to this mid-rate. It is actually just the theoretical half-way point (hence mid-rate) between the last rate at which the EUR / USD was traded (bought or sold) in the international markets.

The closer your final exchange rate is to the market / midrate the better deal you are getting.

2. Transaction Costs - Margins and Fees for EUR/USD Foreign Exchange

The transaction margin from the mid-rate you will be charged by your bank or foreign exchange provider plus any fixed or percentage fees. These margins and fees will vary significantly for International Money Transfers and Travel Money transactions.

EUR to USD Foreign Transfer - Costs Compared

You can see a sample of the margins from mid-rate in the table below which shows an example of the costs charged by FX specialist and the average bank rate when sending money transfers from EUR to USD.

Sending a LARGER international money transfer? Request a Free Multi-Vendor Quote

Compare Foreign Transfers

Sending EUR 5,000 to USD

OFX logo OFX
$5840.50 USD (0.9%)
Book & track your foreign transfers online (24/7) with industry best rates for all your deals - not just the first one! Lock in exchange rates with Spot & Forward Deals. BestExchangeRates users get the transfer fees waived.
Price Details
Receive: $5840.50 USD
Exchange Rate: 1.1681
(Inverse 1USD=EUR 0.8561)
Fees: EUR 0
Total Cost : 0.9% (from mid-rate: 1.1787)
This is the amount of money that could be received by your transfer at rate EUR/USD=1.1681 and inclusive of the fee of EUR 0.
Rate timestamp : Tue May 22 2018 23:15:30 GMT+0000 (UTC)
CurrencyFair logo CurrencyFair
$5849.21 USD (0.75%)
Save on your international transfers. Our peer-to-peer marketplace allows our users to get the best rates, pricing is open and transparent. BestExchangeRates users get your first transfer fee free.
Price Details
Receive: $5849.21 USD
Exchange Rate: 1.1716
(Inverse 1USD=EUR 0.8535)
Fees: EUR 7.5 (0.15%)
Total Cost : 0.75% (from mid-rate: 1.1787)
This is the amount of money that could be received by your transfer at rate EUR/USD=1.1716 and inclusive of the fee of EUR 7.5 (0.15%).
Bank Rates - Average
$5616.49 USD (4.7%)
This is the average EUR to USD International Transfer exchange rate and fees from multiple banks for FX rates available over the counter and also via Internet Banking.

Price Details
Receive: $5616.49 USD
Exchange Rate: 1.1260
(Inverse 1USD=EUR 0.8881)
Fees: EUR 12
Total Cost : 4.7% (from mid-rate: 1.1787)
Receive USD $224 less than with  OFX logo OFX
This is the amount of money that could be received by your transfer at rate EUR/USD=1.126 and inclusive of the fee of EUR 12.

Travel Money EUR to USD - Costs Compared

The below table shows an example of the margins and possible savings when you order travel money online with a currency specialist versus the average bank, kiosk or post office rate to buy foreign cash.

Travel Money Exchange Rates Compared

Buying USD Cash with EUR 2,000

Bank Rates - Average
$2123.35 USD (9.93%)
This is the average EUR to USD Buy Foreign Cash exchange rate from multiple banks, exchange kiosks and post-offices, available over the counter and via the internet.

Price Details
Receive: $2123.35 USD
Exchange Rate: 1.0724
(Inverse 1USD=EUR 0.9325)
Fees: EUR 20 (1%)
Total Cost : 9.93% (from mid-rate: 1.1787)
Amount of money that could be received by your currency exchange at rate EUR/USD=1.0724 and inclusive of the fee of EUR 20 (1%).

Getting a good market rate is mainly about timing however the transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.

Our real-time comparison calculators make shopping around easy and help you calculate how much you can save.

Why can't I just get the same EUR/USD market rate I see on Google or in the Media?

When you look up the current Euro to U.S. dollar exchange rate on the web the figure you find quoted on sites like google or mentioned on TV is commonly referred to as the mid-market rate.

EUR to USD mid-rate on google

EUR to USD mid-rate on google search

Getting a great EUR to USD mid-market rate is all about timing, so unless you are able to wait, watch and time the market this is largely beyond your control. This rate will go up and down with varying amounts of volatility depending on the currency pair.

This mid-market rate is really only a reference and is just the starting point for calculating the actual rate you will get for your transaction, luckily we can also use this same rate to determine how good a deal a rate that a provider offers you actually is.

You can use our EUR to USD currency converter to calculate equivalent amounts in each currency using the latest mid-market exchange rates. Then choose your transaction type for specific Euro cross rates and reviews of leading foreign exchange providers versus the Banks.

3. Currency News, Research and Forecasts for Euro and U.S. dollar

Whenever you are interested in an exchange rate you are actually interested in two currencies due to the fact that the value of a currency is always determined quoted in comparison to another currency.

So it follows that if you are determining the best time to transact, in this case the EUR vs USD, you should pay attention to both Euro and U.S. dollar news and forecasts.

Euro (EUR) - Market news and forecasts

Against the US dollar, after reaching a three-year high of 1.256 in mid-February, the euro fell back into the mid-1.18s by mid-May. The euro lost value against the greenback due to the latter currency’s recoupling with interest rate expectations. Higher US yields had pushed the dollar higher across the board.

Against sterling, the euro is little changed since September of last year (it’s marginally lower). EUR/GBP continues to trade above and below 0.88.

Anticipating an end-of-year reduction in the level of ECB quantitative easing, Stephen Gallo of BMO Capital has predicted a summer rally in the euro – a rally that will eventually drive EUR/USD to 1.30 in the first half of 2019.

Danske Bank are predicting euro weakness against the British pound in the near-term, with a mid-August forecast of 0.865.

U.S. dollar (USD) - Market news and forecasts

Approaching the end of April, the dollar was trading at a three-month high against a basket of currencies.

In April, the dollar’s trajectory seemingly re-coupled with that of US interest rate expectations. The world’s reserve currency followed Treasury yields higher as they climbed to multi-year highs. When yields rise, traders expect higher interest rates from the Federal Reserve.

Yields have risen largely because of an increase in Treasuries supply (necessary to fund Trump’s tax cuts and proposed spending), but also from signs of improved wage inflation. A reduction in trade tensions following Xi Jinping’s address to the Boao Forum in April – Xi spoke of the need to ease tariffs and to further open up China’s economy – also helped to cement expectations for four more Fed hikes in 2018.

HSBC said in late April that it had changed its view on the dollar; it was now predicting a bull run and it foresaw EUR/USD falling to 1.15 by year-end, from levels at the time in the mid-1.21s.