What's in this USD to EUR exchange rate review?
US Dollar to Euro - Quick Conversions
|U$ 1||€ 0.8444|
|U$ 5||€ 4.2220|
|U$ 10||€ 8.4440|
|U$ 20||€ 16.89|
|U$ 50||€ 42.22|
|U$ 100||€ 84.44|
|U$ 250||€ 211.10|
|U$ 500||€ 422.20|
|U$ 1,000||€ 844.40|
|U$ 2,000||€ 1,689|
|U$ 5,000||€ 4,222|
|U$ 10,000||€ 8,444|
|U$ 50,000||€ 42,220|
|U$ 100,000||€ 84,440|
To calculate other USD/EUR amounts try our home-page Convert USD to EUR quick converter.
Comparing Retail Exchange Rates
The total cost for 'Retail' exchange rates you receive from your bank or foreign exchange provider consists of the margin from the 'Wholesale' rate (interbank mid-rate) plus any fixed or percentage fees.
These margins and fees can vary significantly for International Money Transfers, Travel Money and prepaid multi-currency Travel Card transactions. Also the exchange rate margin will also vary depending on the currency pair and total amount.
Country Guides - Euro
US Dollar - Euro Forecasting
Credit Agricole see the Euro hitting US1.20 by the end of 2020 due to a growing diversification away from the greenback and more positive news out of Europe.
The euro is currently a more appealing investment than the US dollar as fiscal support and COVID-19 containment open the door to a faster paced recovery than what is likely in the US. With current USD weakness and strong long-term prospects for the European Union, there is speculation that the euro could be a contender as the world’s new reserve currency. In the short term the euro could be susceptible to swings, however in the longterm the euro has very good prospects. The currency is poised to move above 1.1850 and extend toward 1.20 in coming weeks. August Currency Update
Read more about FX Broker and Bank analysts' predictions for USD to EUR future trends in our blog article USD to EUR Broker & Bank Forecasts.
How to get Best USD to EUR Exchange Rates
All foreign exchange providers charge a fee for providing their service and this fee is usually contained within the exchange rate margin (or difference to the mid-rate).
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.
What is a good USD to EUR exchange rate?
This is always a difficult question as exchange rates are influenced by many factors, so a good method to consider the US Dollar vs Euro current value is to look the USD/EUR historic rate and change over a range of periods.
The following table looks at the change in the USD to EUR exchange rate over periods from the previous week back to the last 10 years.
|07 Aug 2020 : 0.8483||0.5% ▼||1 Week|
|15 Jul 2020 : 0.8759||3.6% ▼||30 Days|
|16 May 2020 : 0.9241||8.6% ▼||90 Days|
|15 Aug 2019 : 0.9000||6.2% ▼||1 Year|
|16 Aug 2015 : 0.9003||6.2% ▼||5 Years|
|17 Aug 2010 : 0.7764||8.8% ▲||10 Years|
USD/EUR 10 year historic rates & change to 14-Aug-2020 : 0.8444
When is the best time to exchange USD to EUR?
Getting a good market rate is all about timing to help with this you can use BER Smart Alerts to make the most of currency movements.
Rather than requiring you to set a target rate, our rate alerts work differently. We check for daily high/lows and changes (up/down) over a range of periods up to 90 days rather than requiring you to set target rates.