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

Convert USD to EUR at Best Exchange Rates

1 U.S. dollar equals

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

  1. Know the latest USD to EUR 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 U.S. dollar and Euro currencies, if available.

1. Market USD/EUR mid-rate

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

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

Currency Converter USD to EUR

1 USD equals

See how much you can save on exchange rates for :

Foreign Transfers    Travel Money

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

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

DateExchange RatePeriodChange
26 May 20180.8579Latest
19 May 20180.84811 Week+1.16%
26 Apr 20180.82591 Month+3.87%
27 Nov 20170.84006 Months+2.13%
26 May 20170.89431 Year-4.07%
26 May 20160.89342 Years-3.97%
27 May 20130.77335 Years+10.94%
28 May 20080.639610 Years+34.13%

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.

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

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

USD to EUR 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 USD to EUR.

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Compare Foreign Transfers

Sending USD 10,000 to EUR

OFX logo OFX (prev. USForex)
€8484.00 EUR (1.11%)
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: €8484.00 EUR
Exchange Rate: 0.8484
(Inverse 1EUR=USD 1.1787)
Fees: USD 0
Total Cost : 1.11% (from mid-rate: 0.8579)
This is the amount of money that could be received by your transfer at rate USD/EUR=0.8484 and inclusive of the fee of USD 0.
Rate timestamp : Sun May 27 2018 07:03:09 GMT+0000 (UTC)
Bank Rates - Average
€8218.65 EUR (4.2%)
This is the average USD to EUR International Transfer exchange rate and fees from multiple banks for FX rates available over the counter and also via Internet Banking.

Price Details
Receive: €8218.65 EUR
Exchange Rate: 0.8231
(Inverse 1EUR=USD 1.2149)
Fees: USD 15
Total Cost : 4.2% (from mid-rate: 0.8579)
Receive EUR €265 less than with  OFX logo OFX
This is the amount of money that could be received by your transfer at rate USD/EUR=0.8231 and inclusive of the fee of USD 15.

Travel Money USD to EUR - 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 EUR Cash with USD 1,000

Travelex Online logo Travelex Online
€792.40 EUR (7.63%)
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.
Price Details
Receive: €792.40 EUR
Exchange Rate: 0.7924
(Inverse 1EUR=USD 1.2620)
Fees: USD 0
Total Cost : 7.63% (from mid-rate: 0.8579)
Amount of money that could be received by your currency exchange at rate USD/EUR=0.7924 and inclusive of the fee of USD 0.
Rate timestamp : Sun May 27 2018 07:00:04 GMT+0000 (UTC)
Bank Rates - Average
€743.19 EUR (13.37%)
This is the average USD to EUR Buy Foreign Cash exchange rate from multiple banks, exchange kiosks and post-offices, available over the counter and via the internet.

Price Details
Receive: €743.19 EUR
Exchange Rate: 0.7507
(Inverse 1EUR=USD 1.3321)
Fees: USD 10 (1%)
Total Cost : 13.37% (from mid-rate: 0.8579)
Receive EUR €49 less than with  Travelex Online logo Travelex Online
Amount of money that could be received by your currency exchange at rate USD/EUR=0.7507 and inclusive of the fee of USD 10 (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 USD/EUR market rate I see on Google or in the Media?

When you look up the current U.S. 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.

USD to EUR mid-rate on google

USD to EUR mid-rate on google search

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 U.S. dollar cross rates and reviews of leading foreign exchange providers versus the Banks.

3. Currency News, Research and Forecasts for U.S. 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 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 USD vs EUR, you should pay attention to both U.S. dollar and Euro news and forecasts.

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.

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.