EUR TO USD TODAY AND FORECAST TOMORROW, MONTH

2023/12/01. EUR TO USD TODAY

Current EUR to USD exchange rate equals 1.0884 US Dollars per 1 Euro. Today's range: 1.0835-1.0916. Yesterday's rate 1.0893. The change for today -0.0009 US Dollars, -0.08%. Inverse rate: USD to EUR.

EUR to USD forecast for tomorrow, this week and month.

Euro to US Dollar forecast on Monday, December, 4: exchange rate 1.081 US Dollars, maximum 1.097, minimum 1.065. EUR to USD forecast on Tuesday, December, 5: exchange rate 1.079 US Dollars, maximum 1.095, minimum 1.063. Euro to US Dollar forecast on Wednesday, December, 6: exchange rate 1.083 US Dollars, maximum 1.099, minimum 1.067. EUR to USD forecast on Thursday, December, 7: exchange rate 1.084 US Dollars, maximum 1.100, minimum 1.068.

In 1 week Euro to US Dollar forecast on Friday, December, 8: exchange rate 1.087 US Dollars, maximum 1.103, minimum 1.071. EUR to USD forecast on Monday, December, 11: exchange rate 1.089 US Dollars, maximum 1.105, minimum 1.073. Euro to US Dollar forecast on Tuesday, December, 12: exchange rate 1.086 US Dollars, maximum 1.102, minimum 1.070. EUR to USD forecast on Wednesday, December, 13: exchange rate 1.083 US Dollars, maximum 1.099, minimum 1.067. Euro to US Dollar forecast on Thursday, December, 14: exchange rate 1.086 US Dollars, maximum 1.102, minimum 1.070.

EUR To AUD Forecast Tomorrow & Month.

GBP TO EUR FORECAST TOMORROW, MONTH.

In 2 weeks EUR to USD forecast on Friday, December, 15: exchange rate 1.092 US Dollars, maximum 1.108, minimum 1.076. Euro to US Dollar forecast on Monday, December, 18: exchange rate 1.092 US Dollars, maximum 1.108, minimum 1.076. EUR to USD forecast on Tuesday, December, 19: exchange rate 1.089 US Dollars, maximum 1.105, minimum 1.073. Euro to US Dollar forecast on Wednesday, December, 20: exchange rate 1.108 US Dollars, maximum 1.125, minimum 1.091. EUR to USD forecast on Thursday, December, 21: exchange rate 1.110 US Dollars, maximum 1.127, minimum 1.093.

In 3 weeks Euro to US Dollar forecast on Friday, December, 22: exchange rate 1.112 US Dollars, maximum 1.129, minimum 1.095. EUR to USD forecast on Monday, December, 25: exchange rate 1.108 US Dollars, maximum 1.125, minimum 1.091. Euro to US Dollar forecast on Tuesday, December, 26: exchange rate 1.109 US Dollars, maximum 1.126, minimum 1.092. EUR to USD forecast on Wednesday, December, 27: exchange rate 1.107 US Dollars, maximum 1.124, minimum 1.090. Euro to US Dollar forecast on Thursday, December, 28: exchange rate 1.106 US Dollars, maximum 1.123, minimum 1.089.

In 4 weeks EUR to USD forecast on Friday, December, 29: exchange rate 1.117 US Dollars, maximum 1.134, minimum 1.100. Euro to US Dollar forecast on Monday, January, 1: exchange rate 1.122 US Dollars, maximum 1.139, minimum 1.105. EUR to USD forecast on Tuesday, January, 2: exchange rate 1.121 US Dollars, maximum 1.138, minimum 1.104.

Live Currency Rates And Prices.

Some amounts at current EUR to USD exchange rate:

1 EUR = 1.09 USD
2 EUR = 2.18 USD. 3 EUR = 3.27 USD. 4 EUR = 4.35 USD. 5 EUR = 5.44 USD. 6 EUR = 6.53 USD. 7 EUR = 7.62 USD. 8 EUR = 8.71 USD. 9 EUR = 9.80 USD.

10 EUR = 10.88 USD
11 EUR = 11.97 USD. 12 EUR = 13.06 USD. 13 EUR = 14.15 USD. 14 EUR = 15.24 USD. 15 EUR = 16.33 USD. 16 EUR = 17.41 USD. 17 EUR = 18.50 USD. 18 EUR = 19.59 USD. 19 EUR = 20.68 USD.

Click here to see more amounts up to 15,000.

USD TO EUR TODAY

USD to EUR exchange rate equals 0.9188 Euros per 1 US Dollar. Today's range: 0.9161-0.9229. Yesterday's rate 0.9180. The change +0.0008, +0.09%.

0.9188

+0.09%

USD to EUR Forecast for Tomorrow, This Week and Month.

US Dollar to Euro forecast on Monday, December, 4: exchange rate 0.925 Euros, maximum 0.939, minimum 0.912. USD to EUR forecast on Tuesday, December, 5: exchange rate 0.927 Euros, maximum 0.941, minimum 0.913. US Dollar to Euro forecast on Wednesday, December, 6: exchange rate 0.923 Euros, maximum 0.937, minimum 0.910. USD to EUR forecast on Thursday, December, 7: exchange rate 0.923 Euros, maximum 0.936, minimum 0.909.

Live Currency Rates And Prices.

In 1 week US Dollar to Euro forecast on Friday, December, 8: exchange rate 0.920 Euros, maximum 0.934, minimum 0.907. USD to EUR forecast on Monday, December, 11: exchange rate 0.918 Euros, maximum 0.932, minimum 0.905. US Dollar to Euro forecast on Tuesday, December, 12: exchange rate 0.921 Euros, maximum 0.935, minimum 0.907. USD to EUR forecast on Wednesday, December, 13: exchange rate 0.923 Euros, maximum 0.937, minimum 0.910. US Dollar to Euro forecast on Thursday, December, 14: exchange rate 0.921 Euros, maximum 0.935, minimum 0.907.

In 2 weeks USD to EUR forecast on Friday, December, 15: exchange rate 0.916 Euros, maximum 0.929, minimum 0.903. US Dollar to Euro forecast on Monday, December, 18: exchange rate 0.916 Euros, maximum 0.929, minimum 0.903. USD to EUR forecast on Tuesday, December, 19: exchange rate 0.918 Euros, maximum 0.932, minimum 0.905. US Dollar to Euro forecast on Wednesday, December, 20: exchange rate 0.903 Euros, maximum 0.917, minimum 0.889. USD to EUR forecast on Thursday, December, 21: exchange rate 0.901 Euros, maximum 0.915, minimum 0.887.

In 3 weeks US Dollar to Euro forecast on Friday, December, 22: exchange rate 0.899 Euros, maximum 0.913, minimum 0.886. USD to EUR forecast on Monday, December, 25: exchange rate 0.903 Euros, maximum 0.917, minimum 0.889. US Dollar to Euro forecast on Tuesday, December, 26: exchange rate 0.902 Euros, maximum 0.916, minimum 0.888. USD to EUR forecast on Wednesday, December, 27: exchange rate 0.903 Euros, maximum 0.917, minimum 0.890. US Dollar to Euro forecast on Thursday, December, 28: exchange rate 0.904 Euros, maximum 0.918, minimum 0.890.

In 4 weeks USD to EUR forecast on Friday, December, 29: exchange rate 0.895 Euros, maximum 0.909, minimum 0.882. US Dollar to Euro forecast on Monday, January, 1: exchange rate 0.891 Euros, maximum 0.905, minimum 0.878. USD to EUR forecast on Tuesday, January, 2: exchange rate 0.892 Euros, maximum 0.906, minimum 0.879.

The forecast is updated on daily basis. The exchange rate is updated every 15 minutes.

How Euro exchange rate was changing.

Common European currency was introduced in 1999. Euro currency in cash entered into circulation 3 years later – in 2002. Before that, the non-cash Euro and German marks, French francs, and other European currencies in cash were in circulation simultaneously.

When introducing Euro in January, 1999, the European Central Bank fixed its exchange rate against the US Dollar as 1.1743 dollars for 1 Euro. Such relation to Dollar was formed by the Euro predecessor – European currency ECU. The name Euro seemed more harmonious to Europeans than ECU.

The exchange rate of Euro against Dollar mainly depends on the rate of return (interest rates) in these currencies.

1999-2001. Interest rates in Europe are lower – Euro exchange rate declines

Over the period 1999-2001, Euro exchange rate declined significantly against the US Dollar – by 30%, from 1.17 Dollar per 1 Euro in 1999 to just 0.82 Dollar per 1 Euro in 2001. That became the historical minimum of Euro rate to Dollar. The key reason for Euro to Dollar exchange rate decline was the difference in return on investments in assets denominated in Dollars and Euro. The interest rate of the US Federal Reserve (US Central Bank) amounted to 4.5-6.5% per annum during that period, and the European Central Bank rate fluctuated in the range of 2.6-4.5%. Thus, the rate of return was higher in Dollars by an average of 2%, which was materially important for Western investors. The demand for Dollars was higher than the demand for Euro, and consequently, the exchange rate of Euro was declining during that period against Dollar.

2002-2004 – Rates are higher in Europe – Euro exchange rate rises

In 2001, the USA started to lower their interest rate rapidly. Europe followed the US, but it was lowering the interest rate slower. By early 2002, the interest rate in the USA was reduced to 1.75% and in Europe to 2.79%. Return on investments in Euro became more profitable, and Euro exchange rate started to strengthen. By late 2004, Euro exchange rate increased by 60% from 0.84 to 1.36 Dollars per 1 Euro in just 3 years.

2005 – Rates are lower in Europe – Euro exchange rate declines.

Starting from mid 2004, the USA started to raise the interest rate, and, by early 2005, it exceeded the rate in Europe – 2.75-4.25% in USA against 2.4-2.6% in Europe. During 2006, Euro exchange rate declined by 12%, from 1.32 to 1.18.

2006-2008 – US Mortgage Crisis.

The signs of impending financial crisis in the USA began to be manifested in the segment of residential real estate as early as 2006. Financially disadvantaged citizens, who had contracted mortgage loans at low interest rate to purchase housing, were unable to repay their debts at higher rate. The rate of the US Federal Reserve, to which the most affordable mortgage loans with floating interest rate were attached, rocketed from 1-2% in 2002-2004 to over 5% in 2006. Thereby, the amount of loan repayments form many citizens increased by several times, which resulted in their massive default and, eventually, led to the crisis of the entire US financial sphere.

In 2007, the US banks, which invested their funds in mortgage market instruments most actively, found themselves on the verge of bankruptcy. Some banks, for instance, the largest Lehman Brothers, failed to cope with the situation and dropped out of the game. Some banks required financial assistance from the Government, including the largest funds crediting the purchase of housing.

The attractiveness of American assets in the eyes of investors sharply declined due to concerns over further instability. Euro Zone market seemed more stable and more attractive than the US market. Euro interest rate was growing and exceeded the American in mid 2007. The US Federal Reserve, in contrast, started to reduce the rate in 2008, and, by the end of that year, the rate was at its minimum of 0.25%. From 2006 to mid 2008, the exchange rate of Euro to Dollar increased from 1.18 to the record level of 1.57 Dollars per 1 Euro. The increase amounted to 32%.

2009-2014 – Quantitative Easing.

In November, 2008, the US Federal Reserve launched its first program of the so-called “Quantitative easing” (QE1) to provide additional liquidity (tens of billions of Dollars) to American banks aimed at boosting the economy, which appeared in recession. However, in a large measure, the funds were spent on the stock market. US stock market began its rapid growth and started to attract new investments from around the world. American banks began to return their capitals to the country, which resulted in the urgent disposal of investments in the markets of developing countries.

On the other hand, until mid 2014, the rates in Euro remained higher than those in Dollars. The US Federal Reserve launched its Quantitative easing programs two more times - in 2010 and 2012.

Euro to Dollar exchange rate entered the period of high volatility (variability). Euro exchange rate was fluctuating in the range of 1.22-1.50. In early 2009, Euro exchange rate was at the level of 1.27, and at the end of that year – 1.50 Dollars per Euro. The debt problems of Greece and Cyprus contributed to the exchange rate instability. By mid 2010, Euro exchange rate fell to 1.22. In April 2011, Euro exchange rate again rocketed to 1.48. And again, by mid 2012, Euro exchange rate appeared at the level of 1.23 Dollars per 1 Euro. By mid 2014, Euro exchange rate was equal to 1.37.

Over all these years the European Central Bank has been consistently reducing its interest rate, and finally, in mid 2014, the Euro rate was lower than the Dollar rate. The rate amounted to 0.05% against the Dollar rate of 0.25%. Euro exchange rate started to decline rapidly, and in six months, by late 2014, it was reduced by 12%. The exchange rate was 1.21 Dollars per Euro.

2015-2022

In March, 2015, the European Central Bank launched its own program aimed at pumping money into the financial system of Europe (similar to American Quantitative easing). The expectations of pre-announced program were already putting pressure on Euro exchange rate since autumn 2014. Following its launch, investors shifted their attention to the potential start of the US interest rate growth. However, the Federal Reserve has so far postponed it until late 2015. The European Central Bank rate was still lower than the US interest rate. By late March, the euro had fallen to the level of 1.04 dollars per euro, whereupon it was adjusted to the range of 1.09-1.16.

It remained within that range until the United Kingdom voted to leave the European Union on June 24. The euro fell to 1.04 in December 2016. In 2017, Europe’s economy began looking stronger e after investigations into the connections between President Donald Trump's administration and worried Russian investors, and it regained its strength, ending the year at 1.20.

In 2018-2019, the euro slipped slowly from 1.20 to 1.10. The European Central Bank has not ended its quantitative easing program, and interest rates have remained negative. In March 2020, when the coronavirus pandemic hit Europe, the euro fell to 1.06. In the summer, the US dollar pulled ahead, pushing the euro to around 1.18. After this rise, the euro remained above 1.18 until September 2021 and then began to decline due to high inflation in the eurozone and the expectation that the Federal Reserve would raise its interest rates.

In mid-2022, the euro reached "parity" with the US dollar, with the exchange rate falling to 1.00 per euro. The main reasons for this were the ongoing conflict in Ukraine and the growing inflation in the EU, especially due to the lack of energy resources. The euro then bounced back to 1.05 by the end of 2022 as EU governments began raising interest rates to fight inflation.