The Euro to Dollar exchange rate (EUR/USD or €/$ for short) is the amount in U.S. dollars that equals 1 Euro. It is the convention for quoting the exchange rate between the two currencies. This guide will provide an overview of the factors that impact the FX rate, currency risk, and what investors and speculators need to know.
The chart below shows the Euro to Dollar exchange rate during the past ten years, spanning from 2008 until 2018. You will notice that the FX rate has ranged between 1.039 and 1.598 during that time period. That range is basically from near parity – almost a 1:1 exchange rate – to approximately $1.60.
From 2008 to 2014 the Euro was rarely worth less than 1.3 US dollars, however, between 2014 and 2015 it dropped all the way down to about 1.04. For three years, the FX rate remained relatively range bound between 1.04 and 1.15 until breaking out above 1.22 in early 2018.
Thank you for reading this guide to understanding the Euro to Dollar exchange rate, factors that influence it, and the history over the past 10 years. To continue learning and advancing your career, these additional resources will be helpful: