USD/EUR Exchange Rates

Explore current trends in the USD/EUR exchange rate on this page. We bring you the newest data and insights, breaking down the financial implications of shifts in these two important currencies.

Exchange Rates

£
1.00 British Pound =1.15 Euros
1.00 BGR =1.15300946 EUR1.00 EUR =0.85300946 BGR
Our currence converter displays mid-market exchange rates. You won’t receive these rates when making transfers.
Last updated: Jan 1, 2024

About the US Dollar

  • The US Dollar was introduced in 1792.
  • The US Dollar is used in the United States and its territories. Additionally, it is used internationally as the world’s primary reserve currency.
  • The US Dollar is considered a major currency and is the most widely used currency in international transactions.
  • The US Dollar symbol is $ (US$).
  • It is regulated by the Federal Reserve System (The Fed).

USD/EUR History

2023

In 2023, the USD/EUR average exchange rate was approximately 0.9247.
The highest rate point of the year was on October 4, 2023, when the rate was 0.9549.
The lowest rate point of the year was on July 18, 2023, when the rate was 0.88987.

2010-2023

Between 2010 and 2023, the USD/EUR average exchange rate was approximately 0.8422.
The highest rate in this period was on September 28, 2022, when the rate was 1.04208.
The lowest rate in this period was on April 29, 2011, when the rate was 0.67367.

USD/EUR Predictions and Expectations

The USD/EUR exchange rate outlook for 2024, 2025, and beyond is shaped by a mix of cautious optimism and concern, reflecting a complex interplay of economic, geopolitical, and policy factors. Let’s delve into the expectations and predictions from various financial institutions and analysts to provide a comprehensive forecast.

For 2024, Morgan Stanley predicts a challenging environment for the Euro, forecasting a return to parity with the USD in the first quarter and maintaining around that level for most of the year, influenced by expectations of technical recessions in the eurozone.

On the other hand, Credit Agricole takes a slightly more optimistic stance, expecting very gradual Euro gains, with the EUR/USD likely rising to 1.13 by the end of 2024 and possibly reaching 1.15 by late 2025​. This perspective underscores the belief that while the Federal Reserve’s anticipated rate cuts matter, they won’t drastically shift the balance, suggesting a slow and steady climb for the Euro against the Dollar.

Diving deeper into specific predictions, Commerzbank analysts expect the Euro to strengthen to 1.12 by June 2024 before fading to 1.08 by March 2025, amid expectations of a US recession and corresponding Federal Reserve rate cuts​ Goldman Sachs, however, maintains a bearish outlook for the Euro, forecasting EUR/USD to be held at 1.06 on a six-month view, influenced by resilient US economic performance and the Euro-Zone’s sensitivity to higher interest rates​.

Looking at broader consensus and other notable predictions, HSBC forecasts the EUR/USD at 1.02 at the end of 2024, highlighting cautious sentiment towards the Euro’s potential against a still-strong Dollar​. Meanwhile, ANZ projects an ascent of the EUR/USD to 1.15 by the end of 2024, pointing towards cyclical factors and stabilization of growth indicators as supportive elements for the Euro​.

USD EUR exchange rate predictions for 2024

Beyond 2024, the trajectory for the USD/EUR pair remains contingent on a myriad of factors including geopolitical developments, monetary policy shifts, and the global economic climate. Analysts suggest that while short-term movements may see fluctuation, the long-term outlook remains cautiously optimistic for the Euro, with growth indicators and policy adjustments likely to influence the rate progressively.

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