The best USD to EUR exchange rate is 0.9231. We compare OFX conversion costs to this mid-market rate and other FX providers, find better deals.
In this OFX Dollar to Euro (USD/EUR) rate guide:
USD to EUR 
Exchange rates can vary significantly between different currency exchange providers, so it's important to compare US dollar (USD) to Euro (EUR) rates from different sources before making a conversion.
The below OFX Rate Comparison Table makes it easy to compare the Total Cost you are being charged on OFX Dollar to Euro currency rates and the possible savings of using various providers.
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OFX has a 20-year history and is one of the largest foreign exchange specialists in the world. It offers a complete foreign exchange solution, including discounted money transfers, currency hedging tools, recurring transfers, a multi-currency account for online sellers and much more.
OFX grew from the idea that there had to be a better, fairer way to move money around the world. That was over 20 years ago, and since then over 1 million customers have trusted OFX with transfers in 50+ currencies to over 170 countries.
OFX don’t just offer great rates, they believe real help from real people counts. That’s why their clients get the best of both worlds – a seamless digital platform, combined with 24/7 phone access to currency experts.
When it comes to moving money, peace of mind is important. OFX is monitored by over 50 regulators globally and work within a network of carefully selected banking partners. So whether you are sending money to friends and family abroad, or doing business across borders, OFX can get your money where it needs to go. Fast, simple, secure.
*Minimum transfer amount apply. Please note that the receiving bank or intermediary bank may charge fees on transactions.
US dollar (USD) to Euro (EUR) market data - latest interbank mid-rate, trend, chart & historic rates.
| Date | USD/EUR | Change | Period |
|---|---|---|---|
20 Nov 2023 | 0.9137 | 1% ▲ | 2 Week |
05 Sep 2023 | 0.9324 | 1% ▼ | 3 Month |
04 Dec 2022 | 0.9484 | 2.7% ▼ | 1 Year |
05 Dec 2018 | 0.8811 | 4.7% ▲ | 5 Year |
06 Dec 2013 | 0.7297 | 26.5% ▲ | 10 Year |
09 Dec 2003 | 0.8172 | 12.9% ▲ | 20 Year |
In the currency market, the USD has shown robust performance, buoyed by a resilient U.S. economy and relatively high Treasury yields. Reuters Poll of Forex Strategists suggests that while the dollar's strength has been a formidable force, it may experience a modest weakening against major currencies, including the EUR, into the next year as expectations grow for the Federal Reserve to initiate an interest rate cut. Economists are closely monitoring the potential for a reversal in this dollar strength as the Federal Reserve winds down its interest rate hike cycle through 2024. The recent USD to EUR exchange rate reached 14-day highs near 0.9212, which is a slight dip from its 3-month average. The currency pair has remained relatively stable, with a tight trading range observed over recent months.
Read our full USD to EUR forecasts analysis
There are several ways to save on exchange rates when converting US dollar to Euro:
Generally speaking, if you are buying Euro with US dollar, then it's better for the USD/EUR 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.
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 USD/EUR to your personalised BER Smart Rate Tracker to track and benefit from currency movements.
Rather than requiring you to set a target rate, our FX Alerts work differently. Once you add a currency pair for tracking in your watchlist we can select to be notified daily for any UP▲ DOWN▼ HIGH▲ LOW▼ alerts over a range of periods over the recent 90 days.
Read our Currency guide to the Eurozone - a practical currency and money guide to travel, living and doing business in the Eurozone with the Euro.
The cost of living varies greatly within the Eurozone, and it depends on various factors such as housing, transportation, healthcare, and taxes. However, some of the countries in the Eurozone with relatively lower cost of living include:
Greece: Greece has a relatively low cost of living compared to other Eurozone countries.
Portugal: Portugal has a lower cost of housing than in other Eurozone countries.
Spain: Spain also has a relatively low cost of living, particularly in the southern regions such as Andalusia and Murcia.
Ireland: Ireland has a relatively low cost of living, particularly in the regions outside the main cities like Dublin.
Read more at our Eurozone (EUR) 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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