Currency
EUR/USD exchange-rate chart
EUR/USD quotes the euro, issued by the European Central Bank (ECB) on behalf of the 20 eurozone member states, against the US dollar, issued by the Federal Reserve. The euro is the base currency and the dollar is the quote currency, so the number shown is how many US dollars one euro buys.
This is an interbank spot FX quote: the mid-market rate dealt between large banks, not the rate a bank or payment provider will offer a business or consumer, which is normally adjusted by a margin either side of this mid-market level.
EUR / USD chart
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At a glance
| Full name | Euro / United States Dollar |
|---|---|
| Pair code | EUR/USD |
| TradingView symbol | FX:EURUSD |
| Instrument type | Spot FX interbank quote (mid-market) |
| Base currency | Euro (EUR) |
| Quote currency | US dollar (USD) |
| What one unit represents | How many US dollars one euro buys |
| Market schedule | Roughly 24 hours a day, Sunday evening to Friday evening UTC; closed at weekends |
| Central banks involved | European Central Bank (ECB); US Federal Reserve |
| Liquidity/session notes | The single most heavily traded currency pair globally; deepest liquidity during the London–New York overlap |
| Data delay note | Chart data may be delayed; this page is not a dealing or payment rate |
What is EUR / USD?
The euro is the shared currency of the eurozone, managed by the European Central Bank, which sets monetary policy for the currency bloc as a whole rather than for any single member state. The US dollar is issued by the Federal Reserve and remains the world's principal reserve and trade-invoicing currency.
EUR/USD is the most actively traded currency pair in the world, reflecting the size of both economies and their deep, liquid capital markets. It is widely used as a benchmark for the general direction of the dollar against major currencies, and features heavily in trade invoicing, corporate treasury hedging, and central bank reserve holdings on both sides of the Atlantic.
How to read this chart
A rising EUR/USD line means the euro is strengthening and the dollar is weakening: one euro buys more dollars than before. A falling line means the opposite — the euro is weakening and the dollar is strengthening.
For a eurozone exporter invoicing in dollars, a falling EUR/USD (weaker euro) means dollar revenue converts into more euros; a rising EUR/USD makes those same dollar sales worth fewer euros once converted. Any rate shown on a chart is a mid-market reference, not the rate a bank or payment provider will actually apply to a transfer or invoice settlement.
What moves it?
- Interest-rate differentials
- The gap between ECB and Federal Reserve policy rates is a primary driver: a widening rate advantage for the dollar tends to support the dollar, and vice versa.
- Inflation data
- Eurozone HICP and US CPI releases shape expectations for each central bank's next move, and can shift the pair sharply around release dates.
- Growth divergence
- Relative GDP and PMI data for the eurozone versus the United States affect expectations of which economy will need looser or tighter policy.
- Risk sentiment
- The dollar often benefits from broad 'risk-off' flows as a global reserve and safe-haven currency, which can push EUR/USD down even without eurozone-specific news.
- Political and fiscal developments
- Eurozone political stability, EU fiscal coordination, and US fiscal policy debates can all move the pair over shorter horizons.
Why businesses and investors monitor it
Businesses that invoice or are invoiced in euros or dollars use EUR/USD to judge the cost of forward hedging, to time or structure cross-border contracts, and to understand translation exposure when consolidating foreign subsidiaries' accounts into a different reporting currency.
Because EUR/USD sets the tone for other major pairs, treasury teams also track it as a general barometer of dollar strength across their broader currency exposure.
EUR/USD vs the US Dollar Index
The euro carries by far the largest single weight in the US Dollar Index (DXY), so EUR/USD and the dollar index usually move in close, inverse-correlated step: a stronger euro typically coincides with a lower dollar index reading.
Comparing the two helps distinguish euro-specific moves from broad dollar strength or weakness affecting all major currencies simultaneously.
Frequently asked questions
Why is my bank's EUR/USD rate different from the chart?
The chart shows an interbank mid-market rate. Banks and payment providers add a margin either side of this rate, so the price a business is quoted for an actual transfer will differ from the chart.
What does a stronger euro mean for a eurozone exporter?
A stronger euro (rising EUR/USD) means dollar-denominated export revenue converts into fewer euros, all else equal, which can compress margins for eurozone exporters selling into dollar markets.
Is EUR/USD open at weekends?
No. The interbank FX market for EUR/USD is closed from Friday evening until Sunday evening UTC, in line with the rest of the global FX market.
Why does EUR/USD move around US and eurozone data releases?
Inflation, employment and growth data feed directly into expectations for ECB and Federal Reserve interest-rate decisions, which are a core driver of the pair.
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Sources
- ECB euro foreign exchange reference rates
- Federal Reserve H.10 foreign exchange rates
- BIS triennial FX survey
Written and maintained by the StandardsDesk editorial team. Last reviewed 2026-08-06. The explanatory text on this page is evergreen: it is not updated with market movements, and no current price or level is quoted anywhere outside the chart.
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