EUR/USD Exchange Rate Chart (Live Euro vs Dollar)
LIVEEUR/USD is the exchange rate between the euro and the US dollar, showing how many dollars one euro buys. It is the world's most traded currency pair. The live chart below tracks the spot rate 24 hours a day on weekdays; a rising line means the euro is strengthening against the dollar.
Euro (base) vs US dollar (quote) · spot forex
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Use the euro to dollar converter to see how many dollars a given number of euros buys (and back), with a table of common amounts and tips on bank fees.
What the EUR/USD chart shows
The chart plots FX:EURUSD, the spot interbank rate for the euro against the US dollar. Each point is the number of US dollars needed to buy one euro. Spot forex trades around the clock from Sunday evening to Friday evening New York time, so the line moves continuously during the week and is flat over the weekend. Use the range buttons under the chart (1 day, 1 month, 3 months, 12 months, 60 months, all) to change the time window.
How to read a EUR/USD quote
- Base and quote: EUR is the base currency, USD the quote. A rising chart means the euro is strengthening against the dollar (or the dollar is weakening).
- Pips: EUR/USD is priced to four decimals (brokers often add a fifth "pipette"). One pip is 0.0001.
- Pip value: on a standard lot of €100,000, one pip is $10; on a mini lot (€10,000) it is $1; on a micro lot (€1,000) it is $0.10.
- Bid/ask spread: brokers quote a slightly lower bid and higher ask. EUR/USD usually has one of the tightest spreads of any pair because of its liquidity.
- Inverse: USD/EUR is simply 1 ÷ EUR/USD. A rate of 1.25 implies $1 = €0.80.
Worked example
A trader buys one mini lot (€10,000) at a hypothetical 1.1000 and sells at 1.1050. The move is 50 pips; at $1 per pip that is a $50 gain before costs. Had the rate fallen to 1.0950 instead, the same position would have lost $50.
What moves EUR/USD
| Driver | Typical effect |
|---|---|
| ECB vs Fed interest rates | Expectations of higher euro-area rates relative to US rates tend to lift EUR/USD; a relatively more hawkish Fed tends to push it down. |
| Inflation and jobs data | US CPI and payrolls and euro-area HICP and PMI releases shift those rate expectations, often causing sharp intraday moves. |
| Growth gap | Stronger US growth relative to Europe usually supports the dollar. |
| Energy prices | The euro area is a large energy importer, so energy price spikes can weigh on the euro. |
| Risk sentiment | In global sell-offs the dollar often attracts safe-haven demand. |
Trading sessions
Liquidity builds through the Asian session, increases sharply at the London open and peaks when London and New York overlap, roughly 8:00 to 12:00 New York time. Scheduled releases such as ECB rate decisions, Fed (FOMC) decisions and the US employment report often produce the largest candles on the chart.
EUR/USD history milestones
| Date | Event |
|---|---|
| 1 Jan 1999 | The euro launched as an accounting currency; EUR/USD started trading around 1.17. |
| Oct 2000 | The euro hit its all-time low near 0.82 dollars. |
| 1 Jan 2002 | Euro banknotes and coins entered circulation. |
| Jul 2008 | EUR/USD reached its all-time high near 1.60, just before the global financial crisis deepened. |
| Jul 2022 | The pair fell to parity (1.00) for the first time in about 20 years. |
For multi-decade comparisons, percentage changes matter more than absolute pip counts. The "all" range on the chart shows the full available history.
Common mistakes
Reading a falling EUR/USD as a weaker dollar (it means the opposite); confusing pips with percent; and trading through major data releases without allowing for spreads that widen at those moments.
Related pairs: GBP/USD, EUR/GBP, EUR/JPY and USD/CHF, or see all forex rates.
Frequently Asked Questions
What does EUR/USD mean?
EUR/USD is the price of one euro expressed in US dollars. The euro is the base currency and the US dollar is the quote currency, so a reading of 1.10 means one euro buys 1.10 dollars. It is the most heavily traded currency pair in the world.
What is a pip in EUR/USD?
A pip is the fourth decimal place, 0.0001. A move from 1.1000 to 1.1025 is 25 pips. On a standard lot of 100,000 euros one pip is worth 10 US dollars, on a mini lot of 10,000 euros it is worth 1 dollar.
What moves the EUR/USD exchange rate?
The pair is driven mainly by the policy gap between the European Central Bank and the Federal Reserve, along with relative inflation, growth and employment data from the euro area and the United States. Energy prices and global risk sentiment also move the rate.
When is the best time to trade EUR/USD?
Volume and volatility are usually highest when the London and New York sessions overlap, roughly 8:00 to 12:00 New York time, because both European and US markets are active and much of the key economic data is released then.
What is the difference between this page and the euro to dollar converter?
This page covers EUR/USD as a forex pair: how to read the chart, pips, sessions and what drives the rate. The euro to dollar converter page is for everyday conversions, with a calculator, a table of common amounts and tips on bank and card fees.