Are you looking for an exchange rate euros to dollars? You are in the right place. In this article you will find the answer to this question but that’s not all. You will learn not only about an exchange rate euros to dollars but also something about euro, dollar, places where you can exchange them and conversion of these two currencies. Keep reading.
We want to start with some basic information about these two currencies before we move on to an exchange rate euros to dollars. Have a look.
The euro is an official currency in most of European Union countries. This currency is used as an official currency in 19 of 27 European Union members. The euro is an official currency in such countries as Germany, Spain or France.
The rest six European Union countries use their own currency. For instance, in Sweden is used Swedish Krona, in Denmark is used Danish Krone.
There are European countries which are not a European Union members and use euro. The euro is adopted by Vatican City, San Marino, Monaco and Andorra.
On the other hand, there are also non-European countries which are not European Union members and use euro. The unilateral adopters of a euro are Kosovo and Montenegro. Kosovo is a potential candidate for accession to the European Union. In turn, Montenegro is a candidate for accession to the European Union.
The euro has been used at world financial market since 1999. The euro replaced the European Currency Unit (in abbreviated form ECU).
The euro is the second most traded currency by value. The percent of daily trades in April 2019 was equal 32.3.
One euro can be divided into 100 cents. The symbol of the euro is €. The euro can be also written as EUR.
When it comes to a dollar a situation is not as clear as in the case of euro. Why? More than 20 currencies worldwide are named dollar! Different kinds of dollar are used, for instance, in Hong Kong, Jamaica or Taiwan.
In this article we want to focus only on the United States dollar. It is an official currency of the United States and its territories.
The United States dollar has been used since 1792. In this year was signed the Coinage Act (also known as Mint Act).
The US dollar is the first most traded currency by value. The percent of daily trades in April, 2019 was equal 88.3.
One US dollar can be divided into 100 cents. The symbol of the American dollar is US$. The American dollar can be written also as USD.
Euro to dollars exchange rate
Now we can move on to a euro to dollars exchange rate. Before we give you a current euro to dollars exchange rate we want to ask you – do you know what is an exchange rate really? The definition you can find down below.
An exchange rate is a value of one currency compared to a value of other currency. It can be also defined as amount of one currency which you can exchange to another. So what is a euro to dollars exchange rate? Have a look:
- 1 EUR = 1.09 USD,
- 1 USD = 0.92 EUR.
You have to remember that we gave you a euro to dollars exchange rate current at the moment of writing this article. An exchange rate may vary when you are reading it. If you want to know an exact euro to dollars exchange rate you have to check it, for instance, before making calculations.
It is needed to emphasize this matter because if you use an exchange rate which is out of date, your result will always be incorrect. Even if you calculate everything correctly.
An exchange rate changes not only monthly or yearly. It may vary even daily or hourly too! That’s why you should be so careful using a euro to dollars exchange rate.
Have a look at this example. On Wednesday, 8 April 2020, a euro to dollar exchange rate was equal 1 EUR = 1.0859 USD. In turn, on Thursday, 9 April 2020, a euro to dollar exchange rate was equal 1 EUR = 1.0930 USD.
As you can see, it is only one day difference but a euro to dollar exchange rate changed significantly.
Are you wondering how the difference can look during one day? On Friday, 24 April 2020, at 7:15 UTC, euro to dollar exchange rate was equal 1 EUR = 1.07310 USD. After less than eight hours, at 15:00 UTC, euro to dollar exchange rate was equal 1 EUR = 1.08129 USD.
Less than eight hours and such a big difference! Now you see why you should be so careful using euro to dollar exchange rate.
Are you interested in the difference of euro to dollar exchange rate between two years? On 10 March 2020 euro to dollar exchange rate was equal 1 EUR = 1.13993 USD. In turn, one year before, on 10 March 2019, euro to dollar exchange rate was equal 1 EUR = 1.12349 USD.
As you can see, regardless of period of time, the difference can be really significant. That’s why we underline the importance of using current exchange rate.
If you are looking for always current exchange rate euros to dollars, check our converter. An exchange rate is still updating so you are guaranteed that the result will be correct.
You can use an exchange rate euros to dollars from our website to make your own calculations. If you do not like calculating on your own, you can just use our calculator. It will make everything for you.
More about conversion of these two currencies and using our calculator you will read in the next parts of our article so keep reading.
EUR to USD Exchange Rate
Now you know a little about euro, dollar and EUR to USD exchange rate. But do you know when EUR to USD exchange rate will come in useful?
The United States is a common travel destination. We must say that in the United States are so many places which are breathtaking.
For instance, California is one of the most beautiful places in America. California is one of the most common choices for nature lovers – Sequoia and Kings Canyon National Park and Big Sur are heaven on Earth!
For those of travelers who prefer big cities New York or Los Angeles will be perfect. Empire State Building, Times Square or Statue of Liberty are one of most popular places in New York. In turn, in Los Angeles you can see Hollywood Walk of Fame, Hollywood Sign or Disneyland.
Regardless of what you want to see in the United States, you will need US dollars instead of euros. That’s why it is so important to know EUR to USD exchange rate, know how to convert euros to dollars and where you can exchange money.
The United States is also a country where are main offices of the biggest companies in the world. For instance, Apple has a main office in California and Amazon has a main office in Washington. These two companies have also branches in most of European Union countries.
Many workers from EU branches of these two companies travel to the United States. In the main offices are organized trainings or conferences.
Are you preparing for your business trip? In this case you will also need US dollars instead of euros.
Of course, online shopping from the United States is also very common. In some shops it is available to pay in euros instead of US dollars but not in all. Sometimes euro to US dollars exchange may be needed.
Exchange rate eur to usd
If you know when an exchange rate eur to usd comes in useful, we can move on to places when you can exchange money.
One of the most common method to exchange euros to US dollars is going to the exchange office. It is the best option if you need money in cash, not on the credit card. It is also the best solution for people who are not into technologies, for instance, older people.
Of course, in most shops you can pay by credit card without any problems but there are still places where you can’t pay by credit card. In some local shops, for instance, with handmade souvenirs cash may be needed. Cash may be required also at markets with fresh fruits or vegetables.
If you do not need money in cash, you can also exchange your money using online exchanging services. There are usually more favorable exchange rates than in exchange offices.
You can also exchange your money wherever you are – you just need a device with Internet connection – and whenever you want – online exchange services are open 24/7.
Moreover, you can also check and compare exchange rates, for instance, exchange rate eur to usd, from many online services in a minute. It is impossible if you decide to exchange money in exchange office. Thanks to this you can choose the best online exchange service to exchange euro to us dollars.
Then you just need to make a few “clicks” and money in other currency will be in your bank account.
The last method to exchange euro to us dollars which we want to mention about is a revolut. If you are into new technologies you have probably heard about it. With revolut you can exchange money in a flash. It is also possible to make a money transfer using revolut.
The revolut is something like a bank but in a new version. It offers the most favorable exchange rates, for instance, exchange rate eur to usd. There are also no hidden fees, for example, account fees. With a revolut account you also get a debit card for free.
Revolut is the best option for you if you want to have all in one – it means bank account, online exchange service, debit card and many more. It is recommend for all people who like new technologies and these people who need a solution for quick and easy making business transaction.
These were three different ways to check exchange rate eur to usd and exchange money. We hope that this short comparison will help you with choosing the best option for you.
Euro to US Dollar Exchange Rate
Now we want to show you euro to us dollar exchange rate in practice. What does it mean? We are going to show you how you can calculate euro to us dollar.
Firstly, we want to show you how you can convert euro to dollar on your own. A quick reminder of euro to US dollar exchange rate:
- 1 EUR = 1.09 USD.
An exchange rate is needed to our formula. The formula for euro to dollar conversion is down below. Have a look:
Amount of euros * 1.09 = the result in US dollars
We want to emphasize that this formula is written for an exchange rate current at the moment of writing this article. Please check euro to us dollar exchange rate before using this formula. If an exchange rate changed, please replace 1.09 with current euro to us dollar exchange rate. If you do not do this, your result will be wrong.
Now we can move on to the examples. Let’s see:
Start with the easiest example. Try to convert how many US dollars is 1 euro. Multiply 1 by 1.09. It gives 1.09. So 1 euro is equal 1.09 US dollars.
Another example. Now calculate 10 euro into US dollars. Multiply 10 by 1.09. It gives 10.9. So 10 euros is equal 10.9 US dollars.
How many US dollars in 35 euros? Multiply 35 by 1.09. It gives 38.15. So 35 euros is equal 38.15 US dollars.
The last step by step example. How many US dollars in 50 euros? And again, multiply 50 by 1.09. It gives 54.5. So 50 euros is equal 54.5 US dollars.
Now you can see more examples in a short form. They are down below:
- How many US dollars in 60 euros? 60 * 1.09 = 65.4 USD,
- How many US dollars in 65 euros? 65 * 1.09 = 70.85 USD,
- How many US dollars in 70 euros? 70 * 1.09 = 76.3 USD,
- How many US dollars in 75 euros? 75 * 1.09 = 81.75 USD,
- How many US dollars in 80 euros? 80 * 1.09 = 87.2 USD,
- How many US dollars in 85 euros? 85 * 1.09 = 92.65 USD,
- How many US dollars in 90 euros? 90 * 1.09 = 98.1 USD,
- How many US dollars in 95 euros? 95 * 1.09 = 103.55 USD.
We have a few more examples for you. We gathered in a chart, because this way to show you results is the most clear. Have a look:
|Euro (EUR)||US dollar (USD)|
As you can see, in all of these examples we used euro to dollar exchange rate rounded off to two decimal places. If you want to get a very accurate result you can use a full form of euro to dollar exchange rate.
At the moment of writing this article full euro to dollar exchange rate is equal 1 EUR = 1.08868 USD.
So how does the formula for this exchange rate look like? You can find it down below:
Amount of euros * 1.08868 = the result in US dollars
Let’s make a few calculations using this formula.
Start with the easiest one. Convert 1 euro to US dollars. Multiply 1 by 1.08868. It gives 1.08868. After rounding off to two decimal places it is 1.09 US dollars.
Try another example. How many US dollars in 5 euros? Multiply 5 by 1.08868. It gives 5.4434. After rounding off to two decimal places, the final result is equal 5.44 US dollars.
Let’s compare the result calculated using this formula with the result calculated using the previous one (shorter). How many US dollars in 10 euros? Multiply 10 by 1.08868. It gives 10.8868. After rounding off, the final result is equal 10.88 US dollars.
When we used shorter formula the result was 10.9 US dollars. As you can see, the difference is not big but in some cases it can be important, especially when you want to calculate bigger amount of euro to US dollars.
A few more examples calculated with more precise formula you can find in a chart down below. Have a look:
|Euro (EUR)||US dollars (USD) – rounded off to two decimal places|
We used the same amounts of euro in this table which we used in the first table (there were results calculated using short formula). Thanks to this you can compare results and pick the formula which will be better for you.
The other way to calculate euro to US dollar is using our euro to dollar converter. What is it really? Simply put, euro to dollar converter is an application. It works on a basis of a formula given above. Thanks to this application you can convert euro to dollar in a second, without making your own calculation.
How to use euro to dollar converter? You have to enter amount of euro which you want to convert into US dollars and click “calculate” button. That’s it. You do not have to do anything more. Just wait for the result. It will be shown in a flash.
What are advantages of our euro to dollar converter?
- An exchange rate is always current. You do not have to worry about your result. You are guarantee that with our converter you will always get an accurate result, because exchange rates are still updating. You do not have to check anything before using it.
- It takes only a second to get the result. Our app can calculate any amount of euros in a quick way.
- It is totally free. We do not charge any fees for using our converter.
- Register is not required. You do not have to register or login to use our app.
- It is simply to use. Our main goal was to make a user-friendly app which all of you can use without any problems.
- You can use it wherever you are. You only need a device with Internet connection, that’s all.
Now we want to show you a few examples calculated using our euro to dollar converter. We gathered them in a table. Have a look:
|Euro (EUR)||US dollar (USD)|
Now you know a little about euro, dollar and euro to US dollar exchange rate. We showed you also places where you can exchange money and methods to conversion euro to dollar on your own or using our euro to dollar converter.
These were basic information. If you want to know more about euro, dollar or their conversion – check our other articles.