The live mid-rate EUR to USD exchange rate is 1.0507. Compare currency conversion rates - Reduce FX costs.
The best EUR to USD exchange rate is our partner deal rate of 1.0454 from OFX . This is -0.5% compared to the mid-market rate 1.0507.
The standard OFX EUR-USD rate is 1.0356, -1.4% from the mid-rate. Visit OFX here to secure the better rate.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare Euro (EUR) to US dollar (USD) rates from different sources before making a conversion.
Looking at our comparison table the best EUR to USD exchange rate is 1.0454 from OFX, -0.5% from the mid-market rate 1.0507. The next best rate is 1.0444 from XE, -0.6% from the mid-rate. Wise with 1.0433 is -0.7% from the mid-rate.
The Western Union rate is 1.0349 which is -1.5% from the mid-rate.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks and foreign exchange providers often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate. For more competitive rates, you might consider using a specialized currency exchange service or platforms that offer rates closer to the mid-market rate.
The Euro to Dollar comparison table above makes it easy to compare the Total Fees (both variable and fixed) you are being charged by banks and other foreign exchange providers against the latest EUR-USD mid-rate (see Market Data below ) and the possible savings of using various providers.
Euro (EUR) to US dollar (USD) market data - latest interbank exchange rate, trend, chart & historic rates.
Date | EUR/USD | Change | Period |
---|---|---|---|
28 Nov 2024 | 1.0560 | 0.5% ▼ | 2 Week |
13 Sep 2024 | 1.1088 | 5.2% ▼ | 3 Month |
13 Dec 2023 | 1.0883 | 3.5% ▼ | 1 Year |
14 Dec 2019 | 1.1121 | 5.5% ▼ | 5 Year |
15 Dec 2014 | 1.2441 | 15.5% ▼ | 10 Year |
17 Dec 2004 | 1.3286 | 20.9% ▼ | 20 Year |
Here are some popular conversion amounts for EUR to USD (Euro to US dollar)*.
*Converted at the current EURUSD interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
Recent forecasts concerning the EUR to USD exchange rate indicate a concerning trend for the euro as the end of the year approaches. Analysts note that the euro (EUR) has faced headwinds from a risk-positive market environment, which has propelled the US dollar (USD) to stronger positions against many currencies, including the euro. Currently trading at 1.0506, the EUR is significantly below its three-month average of 1.0808, highlighting a downward trajectory fueled by various economic uncertainties, including tariff fears and the broader implications of the Russia-Ukraine conflict. Predictions from multiple financial institutions, such as TD Securities and Pictet, suggest a potential drop to parity at $1.00 USD next year, illustrating a consensus among strategists that the euro may depreciate further as US policies could bolster the dollar.
Read our full review of recent EUR to USD forecasts.
There are several ways to save on exchange rates when converting Euro to US dollar:
Generally speaking, if you are buying US dollar with Euro, then it's better for the EUR/USD exchange rate to be higher.
However working against you are the fees all foreign exchange providers charge for providing their service. These fees 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.
Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.
Read our Currency guide to the United States - a practical currency and money guide to travel, living and doing business in the United States with the US dollar.
It's worth noting that while these tips can help you save on exchange rates, it's important to be aware that no single method is guaranteed to provide the best exchange rate in every situation, and it may require some research and comparison-shopping to find the best option for your specific needs.
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.
To help with this you can add EUR/USD to your personalised Rate Tracker to track and benefit from currency movements.
Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.
Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending
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Living or doing business in the United States offers immense opportunities but requires careful financial planning and management. Here are key strategies to manage your money effectively:
Effective money management in the United States requires planning, discipline, and leveraging available resources. By following these strategies, you can ensure financial stability and success, whether you're living, working, or conducting business in the U.S.
Read more at our United States (USD) country guide
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
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