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 Euro to USD mean?
Euro to USD is simply the EUR/USD pair: how many US Dollars one Euro is worth. The Euro, the common currency across the Eurozone and overseen by the European Central Bank, is the base, while the US Dollar, overseen by the Federal Reserve, is the quote currency.
What moves the Euro to USD rate?
Differences in interest-rate policy between the ECB and the Federal Reserve are the biggest factor, together with relative inflation, economic growth and labour-market figures on each side of the Atlantic. Shifts in global investor confidence also feed into the rate.
Is the Euro to USD rate fixed or floating?
It floats. Neither the Euro nor the US Dollar is pegged, so the rate is set by open-market supply and demand and updates continuously whenever forex markets are trading on weekdays. Any number you see is a moment-in-time snapshot.