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EUR to USD Exchange Rate (Euro to Dollar)

The EUR/USD is the short for the eur to usd currency pair. In the eur to usd (EUR/USD) currency pair, the EUR is known us the base currency or the first currency, and the USD is the quote currency or the second currency. The pair eur to usd exchange rate (EUR/USD) tells how many US dollars are needed to buy 1 euro. Buying euro to dollar or EUR/USD is known as buying Euro, because the Euro is the base currency, and we always buy the base currency in any currency pair. If the transaction price of the EUR/USD pair is 1.3175, it means that we have to pay 1.3175 U.S. dollars to buy 1 Euro.

The euro to dollar is a very popular forex pair in the world, and is heavily traded in forex trading. Because of its extremely low spread & high leverage, it represents the combination of the two largest economies in the the world. The daily trading volume of the eur to usd is 28%, which is very high in comprision of all other currency pairs. There are many various factors that determine the eur to usd exchange rate, such as the interest rate set by the US Federal Reserve (FED) and European Central Bank (ECB).

Euro

The Euro (EUR) highly traded second largest foreign exchange market currency after the United State dollar (USD). The Euro (EUR) is the official currency of the Eurozone 19 of the 27 member states of the European Union. European institutions also officially use the Euro currency. Outside Europe, the special territories of many European Union (EU) member states also use the euro as their currency. Due to the strong currency, the Euro (EUR) is the second largest reserve currency and the second highest trading currency in the world after the US dollar (USD).

 

eur to usd exchange rate

The name Euro was originated in 1992 in accordance with the Maastricht Treaty and it was officially adopted on 16 December 1995 in Madrid. The euro (EUR) was introduced to world financial markets as an accounting currency on 1 January 1999. The Euro is managed by the European Central Bank (ECB) in Frankfurt and the Eurosystem. As an independent central bank, the European Central Bank has the sole power to formulate monetary policy. The Eurosystem participates in the printing, casting and the issuance of banknotes and coins of all member countries, as well as the operation of the Eurozone payment system.

USD

The United States dollar (USD) (symbol: $) is also called the US dollar (USD), or American dollar. The US dollar was designated as the world currency for the first time in the Bretton Woods Agreement of 1944 and is the most powerful currency in the world. According to the 1792 Mint Act, the US dollar is the official currency of the United States and its territories. The dollar is divided into cents and one dollar is equal to 100 cents. In addition to the United States itself, the US dollar is also used as the only currency in the two British Overseas Territories of the Caribbean Sea: the British Virgin Islands and the Turks and Caicos Islands. A few countries still use Fed notes for paper money while still minting their own coins, or also accepting U.S. dollar coins.

 

eur to usd

The dollar was initially traded as silver or gold coins with its weight, and then exchanged as paper currency. The Coinage act of 1792 created decimal currency by creating dime, nickel, and penny coins, as well as US dollar coins, half dollar coins and quarter dollar coins, all of which will be minted in 2020. Several forms of paper money were introduced by Americam Congress over the years.

How to Read Euro to Dollar Chart

The currency pair euro to dollar prices listed on the graphical price chart represent the exchange rates of the two currencies. The chart of any currency pair shows how the exchange rate of the currency pair changes over time. In foreign exchange chat, the first currency in a currency pair represents the base currency, and the second currency on the chart represents the quote currency. Forex charts have time on the horizontal x-axis and prices on the vertical y-axis.

We can view the chart in three different options, such as candlestick chart, line chart and bar chart. The candlestick chart shows the opening price, high price, low price and closing price of each period they represent. The highest and lowest price of any candlestick shows the trading range of the period. The body of the candlestick shows the opening and closing prices of the currency pair. In the eur to usd exchange rate chart, if the transaction price of eur to usd is 1.3315, it means to buy 1 euro, we need to pay 1.3315 US dollars, which means the cost of 1 euro is 1.13315 US dollars.

 

euro to dollar

EUR to USD Exchange Rate History

The history of the eur to usd exchange rate began when the euro was first issued in January 1999. At taht time the opening eur to usd exchange rate was 1.1795, although the exchange rate subsequently fell sharply. When the new currency began to circulate in most parts of Europe in 2002. However, due to the increasing popularity of the combined Euro currency, the eur to usd exchange rate has gradually risen, returning to the psychological 1.000 parity in November 2002. The price rose to 1.3667 in December 2014 and fell to 1.1639 in November 2015. After December 2015, the currency pair euro to dollar continued to rise, and finally reached the highest level in history in July 2008, 1.6037, after the US subprime mortgage crisis caused a crash in July 2008. Lehman Brothers in September of that year.

Since reaching its peak, the euro has been hovering in a wide range of fluctuations, with a drop of 1.1875 low in June 2010, because the Greek sovereign debt crisis which was started in late 2009 and has increased concerns about the possible disintegration of the euro zone. Although the two have since reclaimed considerable territory, concerns about the debt burden of less affluent European countries are still putting pressure on interest rates.

EUR to USD (euro to dollar) Montly historical data

 

Date
Open
High
Low
Close
1998.03.011.07781.09621.07211.0769
1998.04.011.07551.11011.071.1025
1998.05.011.1011.12161.09911.1034
1998.06.011.1011.11881.0861.0983
1998.07.011.09591.11781.0791.11
1998.08.011.1081.13061.08761.1306
1998.09.011.1291.1841.11921.1801
1998.10.011.17771.24011.1771.1902
1998.11.011.19051.19431.14551.16
1998.12.011.15951.19671.15651.1724
1999.01.011.17951.1861.1341.1368
1999.02.011.1381.14021.09221.1029
1999.03.011.09921.10741.06781.0762
1999.04.011.07641.08871.05451.0575
1999.05.011.05891.08361.03951.042
1999.06.011.04241.05661.02561.0359
1999.07.011.03611.07461.01041.0708
1999.08.011.06971.08291.03951.0564
1999.09.011.05641.07331.02841.0678
1999.10.011.0681.09171.04291.0521
1999.11.011.05361.05981.00341.0088
1999.12.011.00861.030.99861.0086
2000.01.011.0081.04190.96650.9711
2000.02.010.97111.00940.93990.9626
2000.03.010.96280.97970.94760.9576
2000.04.010.95680.97150.90570.9112
2000.05.010.91130.94150.8840.9365
2000.06.010.93630.97040.92820.9527
2000.07.010.95240.96020.9190.9269
2000.08.010.92650.92930.88380.8888
2000.09.010.88850.90450.84370.8848
2000.10.010.88380.88650.82250.8491
2000.11.010.84810.87970.83660.8729
2000.12.010.87190.94330.86980.9426
2001.01.010.94240.95990.91130.9379
2001.02.010.93750.94510.90110.9239
2001.03.010.92290.93880.87470.876
2001.04.010.8740.90970.86950.8893
2001.05.010.88940.9010.84380.8444
2001.06.010.84540.86780.8410.8494
2001.07.010.85050.88280.83470.8763
2001.08.010.87640.92440.87380.9126
2001.09.010.90940.93380.88220.9114
2001.10.010.91160.92480.88670.9002
2001.11.010.90030.91260.87330.8966
2001.12.010.89570.90870.87390.8897
2002.01.010.89070.9070.8570.8593
2002.02.010.85940.88050.85620.8693
2002.03.010.86940.88720.86290.8723
2002.04.010.87150.90480.8710.9004
2002.05.010.90050.94170.89910.934
2002.06.010.93260.99940.93010.9912
2002.07.010.99121.02060.97130.9771
2002.08.010.97730.99220.96210.9822
2002.09.010.98230.99950.96070.9867
2002.10.010.98660.9930.96860.9906
2002.11.010.99051.01740.98750.9949
2002.12.010.99441.05070.98591.0488
2003.01.011.04981.0911.03341.077
2003.02.011.07911.0941.03341.0808
2003.03.011.07831.10871.03341.0915
2003.04.011.09191.11921.05581.1183
2003.05.011.11841.19381.11521.1774
2003.06.011.17191.19341.13971.1524
2003.07.011.15251.16121.11091.1233
2003.08.011.12331.14291.07861.0983
2003.09.011.09871.17391.07621.1653
2003.10.011.16541.18621.15311.1593
2003.11.011.15791.20181.13751.1996
2003.12.011.19891.2651.19361.2597
2004.01.011.25971.291.231.2477
2004.02.011.2481.2931.2371.2492
2004.03.011.24811.25441.20461.2316
2004.04.011.23171.23921.17591.198
2004.05.011.19921.22991.17711.2192
2004.06.011.21931.23551.19531.2199
2004.07.011.21991.24631.19911.202
2004.08.011.20691.23921.19681.2182
2004.09.011.21821.24461.20261.2437
2004.10.011.24371.28421.22241.2797
2004.11.011.28031.33371.26561.3283
2004.12.011.32811.36671.31371.3556
2005.01.011.35561.35841.29221.3038
2005.02.011.30371.32811.2731.3228
2005.03.011.32261.34831.28541.2963
2005.04.011.29631.31261.27641.2872
2005.05.011.28621.29891.22951.2305
2005.06.011.23041.23521.19831.2106
2005.07.011.21061.22581.18671.2123
2005.08.011.21241.24861.21181.2345
2005.09.011.23461.25881.19761.202
2005.10.011.20221.22021.18761.199
2005.11.011.19921.20831.16391.1787
2005.12.011.17891.2061.16611.1839
2006.01.011.18461.23221.181.2155
2006.02.011.21531.21631.18241.192
2006.03.011.19211.22081.18581.212
2006.04.011.21161.26331.20321.2613
2006.05.011.26271.29721.25551.2809
2006.06.011.28061.29781.24751.2789
2006.07.011.27831.28611.24571.2766
2006.08.011.27681.29381.26941.2813
2006.09.011.28121.28741.2631.268
2006.10.011.26821.27811.24821.276
2006.11.011.27621.32741.26811.3241
2006.12.011.3241.33631.30521.3201
2007.01.011.31971.32961.28671.3032
2007.02.011.30311.32581.29121.3228
2007.03.011.32291.3411.30711.3354
2007.04.011.3371.36811.33171.3646
2007.05.011.36451.36721.34061.3452
2007.06.011.34511.35531.32621.354
2007.07.011.35411.38521.35281.3683
2007.08.011.36821.38391.3361.3628
2007.09.011.36321.42771.3551.4266
2007.10.011.42721.45041.40151.4478
2007.11.011.44791.49661.44031.4638
2007.12.011.46371.4771.4311.4582
2008.01.011.45941.492211.436461.48588
2008.02.011.485911.52381.443911.5178
2008.03.011.519391.590411.514411.57874
2008.04.011.578681.601911.5511.56219
2008.05.011.562161.581741.528411.5554
2008.06.011.556551.584251.53021.57544
2008.07.011.57551.603731.552111.56027
2008.08.011.560261.56311.45711.4678
2008.09.011.47071.48671.38811.4114
2008.10.011.41131.41741.23291.2725
2008.11.011.27691.31151.23891.269
2008.12.011.26941.47191.25491.3917
2009.01.011.39641.39861.27631.2811
2009.02.011.27511.30931.25121.26676
2009.03.011.261691.373761.24561.32426
2009.04.011.323811.358061.288441.32236
2009.05.011.322371.416781.321191.41597
2009.06.011.413141.433781.374771.40352
2009.07.011.403551.430361.383231.42561
2009.08.011.426811.444651.40451.43327
2009.09.011.433291.484331.417691.46408
2009.10.011.464061.506211.448031.47161
2009.11.011.471611.514391.462611.5004
2009.12.011.500331.514071.42171.43291
2010.01.011.430051.457761.386071.3861
2010.02.011.386221.402571.344311.3627
2010.03.011.36231.381721.326671.35101
2010.04.011.350861.369111.311421.32927
2010.05.011.335591.335931.214311.23041
2010.06.011.230431.246661.187571.22353
2010.07.011.223521.310571.219281.30483
2010.08.011.306151.333331.258711.26788
2010.09.011.267911.368281.264321.36331
2010.10.011.363361.415751.361811.39452
2010.11.011.396521.428141.296831.29814
2010.12.011.29831.349751.297041.33608
2011.01.011.334521.375741.287211.36934
2011.02.011.369361.386071.342791.38057
2011.03.011.380551.424791.374291.4157
2011.04.011.41571.488091.406141.48062
2011.05.011.48081.493851.396911.43957
2011.06.011.439551.469551.407311.45013
2011.07.011.450121.457691.383711.4396
2011.08.011.438041.454821.405531.43687
2011.09.011.436861.438321.336241.33845
2011.10.011.334311.42461.314521.38593
2011.11.011.385921.387021.321231.34449
2011.12.011.344471.354561.285771.2957
2012.01.011.293571.32331.262411.30825
2012.02.011.308261.348561.297451.33238
2012.03.011.332361.338481.300321.33408
2012.04.011.335951.338011.299451.32382
2012.05.011.323831.328281.233621.23641
2012.06.011.236411.274681.228821.26655
2012.07.011.267711.267991.204181.23028
2012.08.011.23031.26361.213371.25783
2012.09.011.257041.317061.250121.28595
2012.10.011.297861.313841.282531.29561
2012.11.011.295611.302671.266121.29848
2012.12.011.299271.330761.287691.31842
2013.01.011.327151.359291.299751.35768
2013.02.011.357691.371061.301761.30556
2013.03.011.305581.313391.275051.28146
2013.04.011.280291.32011.27451.31666
2013.05.011.316621.324251.279581.29954
2013.06.011.299361.341611.295531.30073
2013.07.011.301061.334441.275511.33018
2013.08.011.330181.345161.317291.32189
2013.09.011.321051.35681.310431.3525
2013.10.011.352621.383181.347241.35877
2013.11.011.358771.362111.329511.35894
2013.12.011.358511.389291.352371.3778
2014.01.011.375061.375281.347861.34845
2014.02.011.348291.38241.347661.38012
2014.03.011.375931.396651.370431.37679
2014.04.011.376781.390511.367191.38661
2014.05.011.386621.399261.358541.36335
2014.06.011.363621.369711.350281.36915
2014.07.011.369161.369991.336621.33894
2014.08.011.338911.344411.313011.31305
2014.09.011.312521.315921.257031.26296
2014.10.011.2631.288651.248611.25214
2014.11.011.250561.259951.23581.24508
2014.12.011.246091.256961.209711.21007
2015.01.011.205341.206961.10981.12849
2015.02.011.130791.153361.11761.11969
2015.03.011.118071.124051.046231.07315
2015.04.011.073161.126611.052031.12232
2015.05.011.122351.146681.08191.0983
2015.06.011.097651.143621.088721.11427
2015.07.011.114441.12161.080851.09829
2015.08.011.097131.17141.084791.12098
2015.09.011.120991.1461.108651.11763
2015.10.011.117571.149511.089681.10032
2015.11.011.102681.105291.055781.05637
2015.12.011.056361.105891.052221.08582
2016.01.011.08711.098461.071051.08299
2016.02.011.083171.137611.081391.08727
2016.03.011.087231.141171.082211.13782
2016.04.011.137821.146471.121491.14502
2016.05.011.145921.161611.109791.11315
2016.06.011.113131.14281.091151.11063
2016.07.011.11061.119741.093161.11725
2016.08.011.117251.136631.104551.11573
2016.09.011.115721.132681.11231.12377
2016.10.011.122981.124411.085091.09765
2016.11.011.097651.129941.051781.0588
2016.12.011.058781.087321.03521.05174
2017.01.011.051411.081211.0341.07973
2017.02.011.079711.082871.049351.05762
2017.03.011.057561.090581.049491.0658
2017.04.011.066181.095071.056971.0899
2017.05.011.089541.126781.083891.1243
2017.06.011.124291.144531.111871.14193
2017.07.011.14171.184531.131231.1841
2017.08.011.184131.206991.166211.19092
2017.09.011.190891.20921.171671.18162
2017.10.011.179551.187941.15741.16455
2017.11.011.164551.19611.155291.19037
2017.12.011.190351.202531.171731.19973
2018.01.011.202871.253761.191541.24131
2018.02.011.241271.255551.218781.21933
2018.03.011.219351.247651.215471.23279
2018.04.011.232151.241361.205531.20775
2018.05.011.207751.20841.150991.16917
2018.06.011.169161.185181.150821.16826
2018.07.011.168541.179041.157471.16906
2018.08.011.169071.173341.130081.16076
2018.09.011.159631.181481.152581.16029
2018.10.011.161681.162451.130191.13132
2018.11.011.131361.149941.121541.13149
2018.12.011.134541.148561.126961.14451
2019.01.011.144531.156961.12891.14461
2019.02.011.144591.148821.123391.13696
2019.03.011.136971.144771.117581.12175
2019.04.011.122641.132371.110981.1214
2019.05.011.121391.126451.110681.11679
2019.06.011.116481.141181.1161.13692
2019.07.011.136061.137081.105991.10744
2019.08.011.107471.124931.09631.09935
2019.09.011.098971.110931.088451.08991
2019.10.011.089911.117921.087891.11513
2019.11.011.115111.117521.098091.10208
2019.12.011.102341.123921.100281.12232
2020.01.011.121321.121431.099221.10943
2020.02.011.109181.109241.077751.10293
2020.03.011.104241.149551.063551.10311
2020.04.011.102981.10391.072691.09539
2020.05.011.095391.11451.076641.11076
2020.06.011.111651.138371.110031.12639

Summary

In the above data table, the eur to usd exchange rate is the weekly exchange rate. The table shows the weekly opening price, the highest price, the lowest price and the closing price of the euro against the US dollar. You will find the Eur to USD exchange rate between 1998 and 2000.