1 EUR to USD: Exchange Rate and Converter
Introduction
The Euro (EUR) and the United States Dollar (USD) are two of the most widely traded currencies in the world. In this article, we will explore the exchange rate between 1 EUR and USD, as well as provide a converter tool to help you calculate the exchange rate.
Current Exchange Rate
As of the current date, the exchange rate between 1 EUR and USD is:
1 EUR = 1.12 USD
Please note that exchange rates can fluctuate constantly and may change rapidly, so this rate may not be valid at the time of reading.
EUR to USD Converter
Use our converter tool to calculate the exchange rate between EUR and USD:
| Amount (EUR) | Amount (USD) |
|---|---|
| 1 EUR | 1.12 USD |
| 5 EUR | 5.60 USD |
| 10 EUR | 11.20 USD |
| 50 EUR | 56.00 USD |
| 100 EUR | 112.00 USD |
History of EUR to USD Exchange Rate
The exchange rate between EUR and USD has experienced significant fluctuations over the years. Here is a brief overview of the exchange rate history:
- 2002: The EUR was introduced as a single currency in the European Union, replacing the European Currency Unit (ECU).
- 2008: The global financial crisis led to a significant depreciation of the EUR against the USD.
- 2015: The European Central Bank (ECB) introduced quantitative easing, causing the EUR to weaken against the USD.
- 2020: The COVID-19 pandemic led to a slight appreciation of the EUR against the USD.
Factors Affecting the EUR to USD Exchange Rate
Several factors can influence the exchange rate between EUR and USD, including:
- Interest rates: Changes in interest rates set by the European Central Bank (ECB) and the Federal Reserve (Fed) can impact the exchange rate.
- Inflation: Differences in inflation rates between the EU and the US can affect the exchange rate.
- Trade balance: The balance of trade between the EU and the US can influence the exchange rate.
- Geopolitical events: Political and economic developments in the EU and the US can impact the exchange rate.
We hope this article has provided you with valuable information about the exchange rate between 1 EUR and USD. Please note that exchange rates can change rapidly, so always check the current rate before making any transactions.
