Coins and dollars in Euro

Best Dollar to Euro Exchange Rates Today (USD > EUR)

Information verified correct on February 20th, 2017

Since its introduction as the currency for the majority of Europe, the euro has been fighting with the US dollar for top spot in currency exchange.

The exchange rate history of the US dollar and euro

Despite having only been introduced in 2002, the euro has quickly become one of the world’s leading currencies (falling only behind the United States dollar (USD) as the most often traded). This multi-nation currency is used throughout most of Europe, and is often found to be neck in neck in value when traded against the USD. It has surpassed the USD in value a few times, but typically it falls second and is the second most traded currency in the Foreign Exchange Market (Forex).

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    Today’s mid-market rate

    We’ve gathered today’s best rates to inform your decisions when sending money from the US to Eurozone.

    The official currency of the United States, the USD has been in circulation for well over 200 years and is now the world’s leading reserve currency. It took prominence in the market following World War II, when the United States used its exports and money to assist the war-stricken nations of Europe to recover from the damages. Since then it has become the most widely held currency in reserve around the world. Despite its faltering throughout the early millennium, the USD has been steadily gaining against the euro mostly due to its economic recovery and a continued weakness in the Eurozone.

    Refreshing in: 60s | Mon, 20 Feb 02:27pm GMT
    AUD CAD EUR CNY GBP INR MXN PHP USD
    1 AUD = 1 1.00636
    -
    Inverse: 0.993722
    0.722782
    -
    Inverse: 1.383543
    5.276119
    -
    Inverse: 0.189526
    0.615607
    -
    Inverse: 1.624413
    51.342168
    -
    Inverse: 0.019476
    15.696197
    -
    Inverse: 0.063717
    38.694648
    -
    Inverse: 0.025842
    0.767446
    -
    Inverse: 1.303023
    1 EUR = 1.383543
    -
    Inverse: 0.722782
    1.392342
    -
    Inverse: 0.718272
    1 7.299737
    -
    Inverse: 0.136991
    0.851718
    -
    Inverse: 1.174097
    71.034093
    -
    Inverse: 0.014078
    21.716363
    -
    Inverse: 0.046055
    53.535706
    -
    Inverse: 0.018679
    1.061795
    -
    Inverse: 0.941801
    1 GBP = 1.624413
    -
    Inverse: 0.615607
    1.634745
    -
    Inverse: 0.611766
    1.174097
    -
    Inverse: 0.851718
    8.570598
    -
    Inverse: 0.116678
    1 83.400905
    -
    Inverse: 0.01199
    25.497113
    -
    Inverse: 0.039226
    62.856103
    -
    Inverse: 0.015909
    1.24665
    -
    Inverse: 0.80215
    1 USD = 1.303023
    -
    Inverse: 0.767446
    1.31131
    -
    Inverse: 0.762658
    0.941801
    -
    Inverse: 1.061795
    6.874902
    -
    Inverse: 0.145457
    0.80215
    -
    Inverse: 1.24665
    66.900002
    -
    Inverse: 0.014948
    20.452499
    -
    Inverse: 0.048901
    50.419998
    -
    Inverse: 0.019833
    1
    Back to top

    US dollar historically strong against the euro

    The euro (EUR) did have a strong start when it was first introduced. In 1999 it was first adopted and used in electronic transfers only, but was finally launched in 2002 as a true currency. Surprisingly, the EUR gave the USD a run for its money and transactions between the two currencies ran at a very tight range. At some points they were almost equal in value. That changed as the subprime mortgage crisis began to take hold of the US economy, causing the USD to lose 37% of its value against the EUR. Foreign exchange traders lost confidence in the USD, and many began trading on the EUR instead. The value of the USD against the EUR reached an all time low at the start of 2008, when it was valued at 0.526 euro. It was at this time that the economic crisis began to spread around the world and the value of the euro started to sink.

    Further increasing the strength of the USD was the United States’ aggressive policies towards fighting its weakened economy. The ECB also increased their prime rate to 1.5%, causing a further rise in its value as the EUR continued to drop. This trend in growth continued throughout 2010 and 2011 as the US market grew stronger, only interrupted by periodic falls against the EUR when the ECB made attempts to stabilize the Eurozone.
    Laws and legal documents when transferring large sums of money into Europe

    US dollar to euro exchange rate history

    Below you can find the average exchange rate for the past ten years.

    2016201520142013201220112010200920082007
    USD = EUR0.89130.93700.78400.78300.80900.74800.78500.74800.71100.7600

    Data courtesy of the IRS.

    The table below takes you through the value of the euro against some major currencies since its introduction in 1999.

    19992000200520102015
    US dollar1.15941.01251.31411.42811.1666
    Pound sterling0.70190.61810.69830.88370.7682
    Canadian dollar1.76171.46591.60571.49021.4034
    Chinese Renminbi yuan9.59838.383010.86279.73987.1516
    Indian rupee49.263544.066857.309265.695572.5327
    Back to top

    The US dollar fluctuates slightly against a weaker euro

    Starting in 2012 the Eurozone was in a full on economic downturn, with a number of its participating nations coping with a rising public debt. Growth was at a standstill and combined with a likelihood of deflation, the euro further weakened against the USD. Despite some stability towards the end of the year, the USD still remained higher than it had been at the same time in 2011, finishing at a high of 0.681 EUR.

    The recent Greek debt crisis coupled with political instability in the Ukraine has allowed to USD to retain its place over the euro since 2013. In 2014 the United State unemployment rate began to drop and there was a surge in consumer confidence which further strengthened the dollar, putting it at an 11 year high against the EUR in 2015. This confirmed the predictions that the fall of the USD would be short lived.

    Rates last updated February 20th, 2017

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