EUR/USD Today: Live Euro to Dollar Exchange Rate

What is EUR/USD?

EUR/USD is the exchange rate between the euro and the US dollar — the most traded currency pair in the world. The quote tells you how many dollars one euro buys: at 1.12, €1 = $1.12. When EUR/USD rises the euro is strengthening; when it falls the dollar is strengthening.

What moves the euro-dollar rate?

• Interest-rate differentials: decisions by the European Central Bank (ECB) and the Federal Reserve are the biggest driver.
• Inflation and growth data: CPI, jobs and GDP releases on both sides of the Atlantic.
• Risk sentiment: the dollar often gains in times of global stress as a safe-haven currency.
• Energy prices and trade balances: the euro area is a large energy importer.

Converting euros and dollars

To convert euros to dollars, multiply by the EUR/USD rate; to convert dollars to euros, divide by it. For example, at 1.12, €500 = $560 and $500 ≈ €446. Banks, airports and card networks add a spread to this mid-market rate, so the rate you actually get will be slightly worse.

Tips for travelers and businesses:

1. Pay in the local currency when a card terminal offers to convert for you.
2. Use a card with no foreign transaction fee.
3. Compare transfer services with your bank for large amounts.

Convert any amount with our currency converter, see all pairs on exchange rates, and learn more in what determines exchange rates.