EUR to USD Exchange Rate
LIVEEuro to US Dollar
Currency Converter
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Exchange rate: 1 EUR = 1.05 USD (approximate)
About EUR/USD
The EUR/USD currency pair represents the exchange rate between the Euro and the US Dollar. This is the most traded currency pair in the world, accounting for nearly 25% of daily forex volume. Often called "the Fiber," this pair is influenced by European Central Bank and Federal Reserve monetary policies, Eurozone and US economic data, interest rate differentials, geopolitical events, and global trade flows. It serves as a key barometer for global economic sentiment.
Quick Facts
Currency Pair:
EUR/USD
Base Currency:
Euro (EUR)
Quote Currency:
US Dollar (USD)
Central Bank:
European Central Bank
Trading Hours:
24/5 (Forex Market)
Frequently Asked Questions
What does EUR/USD mean?
EUR/USD is the price of one Euro expressed in US Dollars. The Euro (the shared currency of the Eurozone, set by the European Central Bank) is the base currency and the US Dollar (set by the Federal Reserve) is the quote currency. It is the most heavily traded currency pair in the world.
What moves the EUR/USD exchange rate?
The pair is driven mainly by the policy gap between the ECB and the Federal Reserve, along with relative inflation, growth and employment data from the Eurozone and the United States. Because both are major reserve currencies, broad shifts in global risk sentiment and capital flows also move the rate.
When is the best time to trade EUR/USD?
Volume and price movement are usually greatest when the London and New York sessions overlap, since both European and US markets are active and most key data is released. Both currencies float, so the rate changes continuously throughout the trading week.