All investment services are provided by the respective Wise Assets entity in your location.
This constant change is why the exchange rate you see today might be different tomorrow. The EUR to USD historical chart offers a decade-long perspective on how global forces affect currency valuation. While short-term traders focus on intraday moves, long-term historical analysis provides context, reveals patterns, and helps forecast potential ranges based on past behaviors. The Live chart visually represents the exchange rate between Euro and US Dollar over the specified period.
US Dollar to Euro (1Y)
Reference tables showing common amount conversions between EUR and USD based on the current exchange rate. To interpret trends, observe the overall direction of the line. A consistent upward slope indicates an appreciation of US Dollar relative to Euro. Sideways movement implies a relatively stable exchange rate.
Convert Euros to Dollars
MidForex empowers traders and investors with real-time Forex rates, live stock prices, and up-to-date cryptocurrency data, all backed by AI-driven forecasts. Using decades of historical data, advanced algorithms, and continuous market updates, we Euro vs.Dollar history deliver clear, actionable insights. Whether you’re an experienced investor or just starting out, MidForex is your reliable partner for navigating Forex, stocks, and crypto markets with confidence and data-driven precision.
Secure international money transfers with competitive exchange rates and low fees. The chart visually represents the exchange rate fluctuations between US Dollar and Euro over a selected period. The horizontal axis tracks time, while the vertical axis indicates the exchange rate. An upward trend signifies that US Dollar is strengthening against Euro, meaning you get more Euro for each US Dollar.
The Depreciation of the Dollar
Projected yearly exchange rates for EUR to USD over the upcoming decade. If you need to exchange euros and dollars, CurrencyTransfer makes transferring money effortless. Sign up for free, and you’ll get an allocated account manager to assist you with your personal and business payments. This chart shows EUR/USD exchange rate history data for 2024.
What was the highest US Dollar to Euro exchange rate in the last 6 months?
These longer-term projections provide a reference for strategic financial planning, keeping in mind that forecast accuracy typically decreases over extended periods. Long-term forecasts inherently involve greater uncertainty and are intended as reference points for strategic planning, such as investments or international finance decisions. The EUR/USD has remained relatively stable since and solidified itself as the strongest trading pair in the forex world. The Russia-Ukraine war and subsequent energy crisis caused the euro to slip below the dollar to $0.96 in 2022, but it has since recovered.
Euro to US Dollar Historical Exchange Rate
In regards to forex, the relationship between these two currencies is incredibly important. The EUR/USD currency pair is the most frequently traded pair in the forex world. It is the most liquid currency pair too and has tight spreads, which makes it an attractive option for risk-averse traders. Our article covers the exchange rate, how it came about, and potential changes that might come to this forex pair.
- Currently, we do not offer a public API for direct access to our chart data.
- Check out the EUR to USD history rates below.This is the Euro (EUR) to US Dollar (USD) exchange rate history summary page for 2024.
- It started digitally in 1999, and the actual notes and coins arrived in 2002.
- Morgan Stanley economists expect U.S. inflation to reach a peak in the third quarter, with the negative impact of tariffs on growth and employment likely to follow.
Currently, we do not offer a public API for direct access to our chart data. Our data is intended for use directly on TheCurrencyCalculator.com website. We focus on providing a user-friendly interface for individuals to track and analyze currency exchange rates without needing technical integration. The mid-market rate is the real exchange rate between two currencies. Transfer rates include a small margin that allows us to provide our service. We’re transparent about our fees and always show you the total cost upfront.
- Our EUR/USD forecasts use algorithms and historical data to provide indicative outlooks.
- Due to the widespread use of the dollar, and the existence of so-called eurodollars, the dollar has significant control over the world economy, which is known as dollar dominance.
- Our article covers the exchange rate, how it came about, and potential changes that might come to this forex pair.
- The chart visually represents the exchange rate fluctuations between US Dollar and Euro over a selected period.
Wise works with a local bank partner to offer the service in India with the approval of the Reserve Bank of India. From 2002 to 2005, the euro saw a strong recovery from this initial slump, and overtook the dollar in light of the dot-com bubble burst, soaring up to reach $1.35 at the end of 2004. The euro was created to solidify the union between these newly tied European countries and to create a bloc that would be strong enough to compete on the world stage. Not all countries within the European Union have adopted the euro, and some countries such as Poland and Sweden have no set date for when they will adopt the euro. A common currency for Europe had been proposed for an equal amount of time.
Current Rate
The US dollar is still the world’s reserve currency, but the euro gives Europe greater control over its own economy as one bloc, which is known as the eurozone. The euro is one of the newest large currencies in the world and has only been in circulation since the year 1999. The dollar makes up around 58% of all global reserves, and the euro around 20%, meaning that over three-quarters of the world’s reserves are held in these two currencies. That view changed in April after announcements about tariffs and the subsequent policy and economic uncertainties. Increasing worries about growth, inflation and public debt added negative pressure on the greenback. The U.S. dollar index lost almost 7% from the beginning of April to the end of June.
This means the Euro has increased in value compared to the US Dollar. Save money when you send, spend and get paid in over 40+ currencies. This short-term forecast can be a useful reference for immediate transaction planning. Upon its establishment, the euro suffered a slip as it encountered some teething problems and a general lapse of confidence. Starting at a reasonable $1.15, the euro slipped to around $0.82 in 2000 after Denmark voted to reject the euro and keep the krone. Live tracking and notifications + flexible delivery and payment options.
The European Central Bank (ECB) is the main authority for the Euro, which is divided into 100 cents. After the US Dollar, the Euro is the most traded currency globally and used a lot for international business. The Eurozone combined has one of the world’s largest economies. The Euro is generally stable, its value reflecting ECB policies and the overall health of the European economy. The 30-day average rate is US$ 1.1703, with a +1.31% difference compared to today.
The Canadian Dollar was never worth more than the Euro in the past 180 days. This means the Euro has increased in value compared to the Canadian Dollar. The fact that most foreign investors have chosen not to hedge their exposure, particularly on the equity side, reflects a view that the dollar will appreciate. Morgan Stanley economists expect U.S. inflation to reach a peak in the third quarter, with the negative impact of tariffs on growth and employment likely to follow. This combination could prevent the Fed from reducing rates this year and then accelerate cuts in 2026. The dollar rebounded in July in response to better-than-expected U.S. economic data, such as job creation.
The following data on the EUR/USD exchange rate has been pulled from Macro Trends. The euro was officially launched on January 1st 1999 and rolled out first as an ‘invisible currency’ which meant that it was only used between banks for accounting purposes. The first coins and notes were issued on January 1st 2002 to 12 countries which also retired their old currencies. Here’s a simple explanation of each factor affecting the Euro to Dollar exchange rate. All these factors work together to push the Euro Dollar exchange rate up or down.
