USD/ETH: what to know
The USD/ETH rate shows how much ETH you get for 1 USD. Right now, 1 USD buys 0.000399 ETH at the mid-market rate. In the other direction, 1 ETH is worth 2,507.19 USD.
In the short term USD is driven mainly by Fed policy, US growth and global risk appetite, while ETH responds to network activity and crypto-market sentiment.
The US Dollar (USD) is issued by Federal Reserve (Fed). Most of the world’s central-bank reserves are held in US dollars. Ethereum popularised programmable “smart contracts”.
Over the past 12 months the USD/ETH rate has ranged between 0.000212 and 0.000639 — a change of +71.42% versus a year ago.
Because this pair involves a cryptocurrency, expect much higher volatility than typical fiat pairs. 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.