The US dollar is the most traded currency in the world. The world’s unofficial reserve currency, it can be found in most major currency pairs. In forex, it’s an important benchmark and target rate for countries that fix or peg their currencies against its value. It is also used as the standard currency for oil, precious metals and other commodities.
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$1, $5, $10, $20, $50, $100
1c, 5c, 10c, 25c, 50c
The euro is the second most traded currency in the world behind the US dollar. It was introduced in 1999 as the official currency for most eurozone nations. The world’s second-largest reserve currency, it adds liquidity to any currency pair it trades with.
Sub unit symbol:
€5, €10, €20, €50, €100, €200, €500
1c, 2c, 5c, 10c, 20c, 50c, €1, €2
US Dollar to the Euro for the last 10 years
1 USD =
How does the US dollar trade against the euro historically?
The euro had a strong start when it was introduced. In 1999 it was first adopted and used in electronic transfers only, but was finally launched in 2002 as a true currency. The EUR gave the USD a run for its money, and transactions between the two currencies stayed in a very tight range.
At some points the two 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’s 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 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.
US Dollar to the Euro for the last 10 months
1 USD =
US Dollar to the Euro for the last 10 days
1 USD =
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Market rate for common transfer amounts USD to EUR
Charlie Barton is a publisher at Finder. He specialises in banking and investments products, including banking apps, current accounts, share-dealing platforms and stocks and shares ISAs. Charlie has a first-class degree from the London School of Economics, and in his spare time enjoys long walks on the beach.
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