United States Dollar to Euro (USD-EUR) - 10 Year History
The below table shows the historic variation in the USD/EUR exchange rate over the last 10 years. The percentage change is the difference from the date shown to present. This lets you decide if the current rate is in your favour.
20 Aug 2018
13 Aug 2018
21 Jul 2018
21 Feb 2018
20 Aug 2017
20 Aug 2016
21 Aug 2013
22 Aug 2008
The three things you need in order to get a good USD to EUR exchange rate
Know the latest USD/EUR market mid-rate.
The closer your final exchange rate is to this real market rate the better deal you are getting.
You should also judge how the current rate compares to the historic rate over the past 10 years.
Compare your Bank's transaction costs
licensed FX providers, remember to compare the exchange rate margins as well as the various types of fees.
We make that easy to do with our calculators for
Transaction Costs - Margins and Fees for USD/EUR Transfers and Currency 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.
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 USD to EUR.
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.
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.
Free Home Delivery when you Buy Online Travel Money & Cards with $0 commission and great exchange rates only available from Travelex Online. Zero cost for Home Delivery or pickup your foreign cash at your local Travelex store or at the airport on departure day. * Home deliveries can only be made to the registered billing address of your chosen payment method.
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.
Currency News, Research and Forecasts for United States Dollar and Euro
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 must always be quoted in comparison to a second currency.
So it follows that if you are determining the best time to transact, in this case the USD vs EUR, you should pay attention to both United States Dollar and Euro news and forecasts.
United States Dollar (USD) - Market news and forecasts
The US dollar is thriving in 2018. The world’s reserve currency had a dismal 2017, during which it shed 10 percent of its value. The Dollar Index’s move to a 1-year high of 96.30 in mid-August reclaimed around 40 percent of last year’s losses.
The dollar is the second-best performing major this year, bettered only by the Japanese yen. As safe havens, both currencies have been sought by investors – they are deemed the least risky among major international currencies. Investors have become more risk averse in recent months following chaos in emerging markets, led by Turkey and Argentina, and Washington’s massive tariffs on imported goods, which threaten global trade. More cause for dollar optimism came in August when data showed US core inflation at a 10-year high.
Dollar strength has pushed EUR/USD below 1.15 for the first time in a year, GBP/USD into the 1.27s, USD/CHF towards parity, and NZD/USD hurtles towards 0.65.
In August, SEB was forecasting end-of-September rates of: EUR/USD, 1.1; GBP/USD, 1.22; AUD/USD, 0.72.
Euro (EUR) - Market news and forecasts
The euro slumped to a 1-year low of 1.1411 USD on August 10th on the back of broad US dollar strength, uncertainty over Brexit (a “no-deal” divorce with the UK is now seen as most likely) and a Turkish lira currency crisis (traders fear contagion due to European banks’ heavy exposures to Turkish borrowers).
Versus the yen, the euro fell to 126.4, above 2018’s low of 124.6 but well down on February’s high of 137.5.
Versus the pound, the euro has spent much of the last 11 months trading between 0.87 and 0.9; it fetched 0.893 pounds at the time of this report.
An important development for the euro came in June, when the ECB signalled it would leave interest rates unchanged at 0.0 percent until the latter stages of 2019. Goldman Sachs described the announcement as a “material negative for the euro.”
Citibank is forecasting little change in the euro over a 6-12-month time horizon; it’s going with 1.19 versus the dollar and 0.89 versus the pound. SEB are more confident in the euro’s prospects; they offer end-of-September forecasts of 1.1 and 0.9 versus the dollar and pound respectively.
Why can't I just get the same USD/EUR market rate I see on Google or in the Media?
The USD/EUR 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 USD / EUR was traded (bought or sold) in the international markets.
When you look up the current United States Dollar to Euro 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.
Getting a great USD to EUR 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 USD to EUR currency converter to calculate equivalent amounts in each currency using the latest mid-market exchange rates.
Then choose your transaction type for specific United States Dollar cross rates and reviews of leading foreign exchange providers versus the Banks.
Best Exchange Rates is an information only service. By browsing on the website, using our comparison tools or FX provider referral service, you are asking Best Exchange Rates to
provide you with information about currency exchange products & services from multiple financial institutions.
We will try to show you a
range of products & services in response to your request for information. The search results do not include all providers and may
not compare all features relevant to you. In giving you product information we are not making any suggestion or recommendation to
you about a particular product.
If you decide to conduct foreign exchange you will deal directly with a financial institution, and not with Best Exchange Rates.
Best Exchange Rates may receive fees or other benefits in relation to activity on the Best Exchange Rates website.
Best Exchange Rates may receive remuneration for vendor referral links. Please note that the opinions of our authors are their own
and do not reflect the opinion of Best Exchange Rates and should not be taken as a reference to buy or sell any financial product.
Any redistribution or reproduction of part or all of the contents in any form is prohibited other than the following. You may print or download contents to a local hard disk for your personal and non-commercial use only. You may copy some extracts only to individual third parties for their personal use, but only if you acknowledge the website as the source of the material.
You may not, except with our express written permission, distribute or commercially exploit the content. You may not transmit it or store it on any other website or other form of electronic retrieval system.
For more details or request distribution rights please contacxt us here.