Today's USD-EUR commentary

The current USD-EUR exchange rate of €0.9164 for $1 is lower than the average rate of $1 = €0.9164 we registred during the past two weeks. The difference between the lowest and highest value of the USD-EUR mid-market rate over the last two weeks is relatively small, a sign of low volatility.


USD Profile

Name: US 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%.