Euro to US Dollar Exchange Rate Market Daily Analysis: ECB Euro Exchange Rates (2024)

FAQs

What is the daily conversion rate for EUR to USD? ›

The exchange rate for Euro to US dollars is currently 1,109 today, reflecting a 0.000% change since yesterday.

EUR/USD Technical Overview

Further north, the EUR/USD is expected to challenge the 2024 top of 1.1201 (August 26), followed by the 2023 peak of 1.1275 (July 18) and the round level of 1.1300.

To understand whether the current EUR/USD exchange rate is good or bad, it's best to compare it to recent historical data. At the moment, the Euro to Dollar rate is trending near the lower end of its 5-year trading range. Relative to recent history, it's a bad time to buy Dollars with Euros.

US Dollar to Euro Exchange Rate is at a current level of 0.9007, down from 0.9011 the previous market day and down from 0.9337 one year ago.

In 2023 and 2024, the dollar has generally been in a trading range between $1.05 and $1.10 to the euro. Source: FactSet and U.S. Bank Asset Management Group as of August 2, 2024.

Is it better to exchange U.S. dollars to euros while still in the U.S. or when I actually go to Europe? I always recommend to my clients that they exchange dollars into euros while in Europe. Use the ATM machines, found nearly everywhere. The exchange rate will be less than going to a bank or exchange service.

The key support area for EUR/USD is now between 1.1000 and 1.1045, an area that previously acted as resistance. The 21-day exponential moving average is also just above this zone. Traders are watching for a bullish price candle to form here this week, to potentially signal a continuation of the uptrend.

Why is euro to USD going up? ›

The EUR/USD rate can increase because the euro is getting stronger or the U.S. dollar is getting weaker. Either condition results in an upward movement in the rate (price) and a corresponding upward movement in a price chart. ECB. "Banknotes."

Best Euro / U.S. Dollar Exchange Rate Today: 1.1010.

Kuwaiti Dinar

The Kuwaiti Dinar is renowned as the strongest currency in the world. Introduced in 1961, it has maintained a commanding presence due to Kuwait's substantial oil reserves, which account for a significant portion of its economic output.

On average, the EUR/USD pair has a daily pip movement of approximately 70-100 pips. This pair typically exhibits an average monthly pip movement of around 600-900 pips.

Euro to Canadian Dollar Exchange Rate is at a current level of 1.506, up from 1.496 the previous market day and up from 1.450 one year ago. This is a change of 0.65% from the previous market day and 3.83% from one year ago.

The reference rates are usually updated at around 16:00 CET every working day, except on TARGET closing days. They are based on the daily concertation procedure between central banks across Europe, which normally takes place around 14:10 CET.

There's no denying: EUR/USD is the big hitter in the forex market. The pair consistently ranks as the world's most traded pair, often accounting for a quarter of global FX volume (more than $5 trillion in daily average turnover). The sheer size of the two regions involved in this pair accounts for much of this.