Disclaimer: Invest.net would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All derived (stocks, indexes, futures), cryptocurrencies, and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Invest.net doesn't bear any responsibility for any trading losses you might incur as a result of using this data.

Invest.net or anyone involved with Invest.net will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.


EUR-USD / EURO to US Dollar


EUR-USD / EURO to US Dollar is the exchange rate which is used to convert the value of EURO into USD. It gives you a clear picture of the current price difference between EURO and US Dollar, so that while buying products from around the world, you are not charged with exorbitant rates.

More About EUR-USD / EURO to US Dollar

Continue reading to learn more about:

What exactly is currency?
How can you manually convert euros to dollars?
What happens if the euro's dollar value rises?
Who gains from a depreciation of the currency?
What are the factors that influence the dollar's and euro's exchange rates?


1 Step 1
keyboard_arrow_leftPrevious
Nextkeyboard_arrow_right

What exactly is currency?


Currency is any generally accepted medium of exchange. Currencies are often named as such based on the country in which they circulate. The exchange rate refers to the value of one currency in terms of another. This site provides conversion and historical data for EUR-USD and EURO to US Dollar.


 
 

How can you manually convert euros to dollars?


To manually convert euros to dollars, you need to know what the exchange rate is between the USD and EUR. The foreign exchange markets are open 24 hours a day, 365 days a year, so convert rates can change at any time. The easiest and most up-to-date way of doing this is getting information from an online currency converter.

 

What happens if the euro's dollar value rises?

•When the value of a currency increases over time, when it goes up in value in relation to other currencies, it is known as appreciation. The US dollar is called a "reserve currency," which means that many countries around the world hold dollars in reserve, and because of that practice, the US dollar is used to measure the value of other currencies.
•When the value of the euro rises against the dollar, that means that goods and services denominated in euros are getting more expensive for people using dollars. For products like cars or computers or decorations made overseas, this is a disadvantage. But if a business displays its prices in euros and records its sales in dollars (most countries use their own currency to record sales), then when its revenues are converted into dollars, they will go up.
 
  • Who gains from a depreciation of the currency?

    A depreciation of the currency is generally seen as a positive sign for export-oriented industries, which should benefit from their competitive edge. Therefore, on average, the export-oriented industries will gain from a currency depreciation.
  • What are the factors that influence the dollar's and euro's exchange rates?

    Economists have identified more than a hundred factors that could potentially affect the exchange rate between the U.S. dollar and other currencies. In economic lingo, any factor that may influence the demand for U.S. dollars, or the supply of U.S. dollars, is called a "currency crosser," and factors like these are typically grouped into three categories: fundamental, technical, and market-psychological factors.