Find the cheapest provider for your next USD-EUR transfer
USD Profile
Name: United States dollar
Symbol: $
Minor Unit: 1/100 Cent
Central Bank: Federal Reserve Bank
Country(ies): United States, American Samoa
Rank in the most traded currencies: #1
EUR Profile
Name: Euro
Symbol: €
Minor Unit: 1/100 Cent
Central Bank: European Central Bank
Rank in the most traded currencies: #2
USD Profile
Name: US Dollar
Symbol: $
Minor Unit: 1/100 = cent
Central Bank: Federal Reserve Bank
Official country United States
EUR Profile
Name: Euro
Symbol: €
Minor Unit: 1/100 = cent
Central Bank: European Central Bank
Official country Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, and Spain.
Key facts about USD - EUR
The most traded currency in the world is the US dollar. In second place, the Euro is the next most traded currency. According to the Bank of International Settlements, on average over 6 trillion USD and EUR are traded daily.
The USD is the official currency of the United States of America, but it is also used in Puerto Rico, Ecuador, El Salvador, Zimbabwe, Guam, US Virgin Islands, Timor, Samoa, Mariana Islands, Micronesia, Palau and Marshall Islands. The quasi-use of US dollars happens in other countries too.
The official currency of the eurozone is the EUR. This area includes Estonia, Latvia, Cyprus, Austria, Greece, France, Portugal, Spain, Ireland, Germany, Luxembourg, Lithuania, Italy, Malta, Slovenia, Finland, Slovakia, Belgium, and the Netherlands.
The US dollar is issued by the Federal Reserve, which is the central bank of the United States of America, while the Euro is issued by the European Central Bank, or ECB for short.
Frequently used denominations of the USD are $1, $5, $10, $20, $50, $100, while the $2 denomination is rarely used. Frequently used denominations of the EUR are €5, €10, €20, €50, €100, while the €200 and €500 denominations are rarely used.
Both currencies enjoy a low inflation rate of 0.10%.
Today's USD-EUR commentary
Observing the lows and highs in the past weeks of the USD-EUR rate, we see very significatives variations. Even though the fluctuations were very important over the last fourteen days, the current USD-EUR mid-market rate is at the moment in the vicinity of its average value of the past two weeks. Transferring USD 1,500 at the actual interbank exchange rate gives you EUR 1,287, while it would have converted into as much as EUR 1,303 and EUR 1,267.