USD/EUR: what to know
The USD/EUR rate shows how much EUR you get for 1 USD. Right now, 1 USD buys 0.8937 EUR at the mid-market rate. In the other direction, 1 EUR is worth 1.1189 USD.
In the short term USD is driven mainly by Fed policy, US growth and global risk appetite, while EUR responds to ECB policy and eurozone growth.
The US Dollar (USD) is issued by Federal Reserve (Fed). Most of the world’s central-bank reserves are held in US dollars. The Euro (EUR) is issued by European Central Bank (ECB). The euro is the world’s second most-traded currency, after the US dollar.
Over the past 12 months the USD/EUR rate has ranged between 0.8351 and 0.8915 — a change of +3.32% 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.