EUR/USD: what to know
The EUR/USD rate shows how much USD you get for 1 EUR. Right now, 1 EUR buys 1.1604 USD at the mid-market rate. In the other direction, 1 USD is worth 0.8618 EUR.
In the short term EUR is driven mainly by ECB policy and eurozone growth, while USD responds to Fed policy, US growth and global risk appetite.
The Euro (EUR) is issued by European Central Bank (ECB). The euro is the world’s second most-traded currency, after the US dollar. The US Dollar (USD) is issued by Federal Reserve (Fed). Most of the world’s central-bank reserves are held in US dollars.
Over the past 12 months the EUR/USD rate has ranged between 1.1354 and 1.1974 — a change of -1.32% versus a year ago.
Use this mid-market figure as your benchmark: compare it with the rate your bank or broker quotes, and the difference is the margin you would pay.