Euro US Dollar Exchange Rate - EUR/USD - Quote - Chart - Historical Data (2024)

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The Euro edged up to above $1.1 as traders digest the latest monetary policy decision from the ECB. The central bank lowered borrowing costs as anticipated, saying recent inflation data have come in broadly as expected. Policymakers see headline inflation rising again later this year and to fall to the target over the second half of next year. However, core inflation rate is seen slightly higher for both 2024 and 2025. The central bank reiterated it will keep policy rates sufficiently restrictive for as long as necessary and will continue to follow a data-dependent and meeting-by-meeting approach to determine further rate cuts. Traders have pared bets for another rate reduction in October, but see one or two more quarter-point cuts this year. The EURUSD increased 0.0008 or 0.07% to 1.1087 on Friday September 13 from 1.1079 in the previous trading session. Historically, the Euro US Dollar Exchange Rate - EUR/USD reached an all time high of 1.87 in July of 1973.The euro was only introduced as a currency on the first of January of 1999. However, synthetic historical prices going back much further can be modeled if we consider a weighted average of the previous currencies. Euro US Dollar Exchange Rate - EUR/USD - data, forecasts, historical chart - was last updated on September 13 of 2024. The EURUSD increased 0.0008 or 0.07% to 1.1087 on Friday September 13 from 1.1079 in the previous trading session. The Euro US Dollar Exchange Rate - EUR/USD is expected to trade at 1.10 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 1.09 in 12 months time. FAQs

The Euro edged up to above $1.1 as traders digest the latest monetary policy decision from the ECB. The central bank lowered borrowing costs as anticipated, saying recent inflation data have come in broadly as expected. Policymakers see headline inflation rising again later this year and to fall to the target over the second half of next year. However, core inflation rate is seen slightly higher for both 2024 and 2025. The central bank reiterated it will keep policy rates sufficiently restrictive for as long as necessary and will continue to follow a data-dependent and meeting-by-meeting approach to determine further rate cuts. Traders have pared bets for another rate reduction in October, but see one or two more quarter-point cuts this year.

The EURUSD increased 0.0008 or 0.07% to 1.1087 on Friday September 13 from 1.1079 in the previous trading session. Historically, the Euro US Dollar Exchange Rate - EUR/USD reached an all time high of 1.87 in July of 1973.The euro was only introduced as a currency on the first of January of 1999. However, synthetic historical prices going back much further can be modeled if we consider a weighted average of the previous currencies. Euro US Dollar Exchange Rate - EUR/USD - data, forecasts, historical chart - was last updated on September 13 of 2024.

The EURUSD increased 0.0008 or 0.07% to 1.1087 on Friday September 13 from 1.1079 in the previous trading session. The Euro US Dollar Exchange Rate - EUR/USD is expected to trade at 1.10 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 1.09 in 12 months time.

Euro US Dollar Exchange Rate - EUR/USD

The EURUSD spot exchange rate specifies how much one currency, the EUR, is currently worth in terms of the other, the USD. While the EURUSD spot exchange rate is quoted and exchanged in the same day, the EURUSD forward rate is quoted today but for delivery and payment on a specific future date.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	1.11	1.11	1.87	0.64	1957 - 2024		Daily

Euro US Dollar Exchange Rate - EUR/USD - Quote - Chart - Historical Data (2024)

FAQs

What is the prediction for euro vs USD? ›

EUR/USD Daily Outlook

While retreat from 1.1200 might extend lower, rally from 1.0665 is in favor to continue as long as 1.0947 resistance turned support holds. Above 1.1104 minor resistance will bring retest of 1.1200 first. Break there will target 1.1274 high next.

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Is the euro stronger than the dollar in 2024? ›

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.

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Will the euro fall in the coming days in 2024? ›

EURUSD Rate Forecast for 2024 – Experts Predictions

No sharp volatility spikes are expected. The trading environment is expected to remain stable, with the asset's value reaching the higher boundary of the 1.0940–1.1010 range between August and October, followed by a decline to 1.0890–1.0880 in November and December.

What was the highest euro to dollar rate ever? ›

The highest Euro to US dollars rate was on August 24, 2024 when 1 Euro was worth 1.1193 US dollar.

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Is the euro expected to go up or down? ›

The Euro US Dollar Exchange Rate - EUR/USD is expected to trade at 1.10 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 1.09 in 12 months time.

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What is the long term forecast for the EUR USD? ›

Long Forecast

As of the beginning of Q3, the service's EUR/USD forecast for 2024 expected the pair to close the year at 1.06 with a 1.08 high. Long Forecast's EUR/USD price prediction for 2025 had the pair potentially reaching a maximum price of 1.09.

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Should I buy or sell EUR USD today? ›

The technical rating for the pair is sell today, but don't forget that markets can be very unstable, so don't stop here. According to our 1 week rating the EURUSD shows the buy signal, and 1 month rating is buy. See more of EURUSD technicals for a more comprehensive analysis.

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What is the weakest currency in the world? ›

What Is the Weakest Currency in the World? The weakest currency in the world is the Iranian rial (IRR). The USD to IRR operational rate of exchange is 371,992, meaning that one U.S. dollar equals 371,922 Iranian rials.

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When's the best time to buy euros? ›

According to data from WeSwap and The Telegraph, you'll generally enjoy the best currency exchange rates on Fridays and Saturdays. Currency can fluctuate throughout the day too, with the morning or late afternoon cited as the best times to buy.

What is the euro rate forecast for 2024? ›

For 2024, WalletInvestor analysts predict a price range of 89 – 90 INR, with a gradual appreciation of the euro against the rupee. The average year-end forecast is 91-92 INR. In 2025, LongForecast expects the EUR/INR rate to reach 93–94 INR, with further euro strengthening anticipated.

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Who will hold Euro 2024? ›

Three-time winners Germany hosted the 17th UEFA European Championship in 2024. EURO 2024 was Germany's first major tournament as hosts since the 2006 FIFA World Cup and fixtures took place in ten host cities including the capital, Berlin.

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Is it a good time to convert Euros to dollars? ›

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.

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When was the best dollar to Euro exchange rate? ›

The highest US dollar to Euros rate was on April 17, 2024 when 1 US dollar was worth 0.9415 Euro.

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What was the worst exchange rate ever? ›

In December 1923 the exchange rate was 4,200,000,000,000ℳ (4.2×10¹² marks) to 1 US dollar. In 1923, the rate of inflation hit 3.25×10⁶ percent per month (prices double every two days).

Will the euro overtake the dollar? ›

Although Europe's money today accounts for no more than a quarter of global reserves, compared with a nearly two-thirds share for the dollar, the euro could nonetheless surpass the greenback within as few as 10 years, according to one well-publicized econometric forecast (Chinn and Frankel, 2008).

Is the dollar getting stronger compared to euro? ›

The USD to EUR exchange rate in 2022 roughly 30 percent higher than it was in 2012, revealing a very strong dollar against the euro. The value of 0.91 euros per dollar was noticeably higher than the 2016 peak of 0.95 euros per dollar, but still above the price before the Eurozone Crisis.

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What happens if the dollar price of the euro rises? ›

The rise in the dollar price of the Euro means a fall in the euro price of dollars because the appreciation of one currency will depreciate another currency and vice-versa.