Currency
EUR/USD exchange-rate chart
EUR/USD is the euro, issued by the European Central Bank (ECB) for the 20 eurozone member states, quoted against the US dollar, issued by the Federal Reserve. The euro is the base currency and the dollar the quote currency, so the number shown is how many dollars one euro buys.
This is an interbank spot rate: the mid-market price dealt between large banks, not the rate a bank or payment provider will offer a business or consumer. Retail and payment rates are 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 ECB sets one interest rate for the whole eurozone, not for any single member state. The Federal Reserve does the same job for the US and issues the dollar, still the world's main reserve and trade-invoicing currency.
EUR/USD is the most actively traded currency pair in the world. That makes it the default benchmark for dollar direction, and it shows up constantly in trade invoicing, corporate hedging books and central bank reserves on both sides of the Atlantic.
How to read this chart
A rising line means the euro is strengthening and the dollar weakening: one euro buys more dollars than before. A falling line means the reverse.
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 the same dollar sales worth fewer euros. Any rate shown on a chart is a mid-market reference, not the rate a bank or payment provider applies to an actual transfer or invoice settlement.
What moves it?
- Interest-rate differentials
- The gap between ECB and Federal Reserve policy rates is the primary driver. A widening rate advantage for the dollar tends to support it, and vice versa.
- Inflation data
- Eurozone HICP and US CPI releases reset expectations for each central bank's next move and can shift the pair sharply on the day.
- Growth divergence
- Relative GDP and PMI readings for the eurozone versus the US shape views on which economy needs looser or tighter policy.
- Risk sentiment
- The dollar tends to gain in broad 'risk-off' episodes as the reserve and safe-haven currency, which can push EUR/USD down without any eurozone-specific news.
- Political and fiscal developments
- Eurozone political stability, EU fiscal coordination, and US fiscal debates can all move the pair over shorter horizons.
Why people watch it
Businesses invoicing in euros or dollars use EUR/USD to price forward hedges, time cross-border contracts, and gauge translation exposure when consolidating foreign subsidiaries into a different reporting currency.
EUR/USD sets the tone for other major pairs, so treasury teams also use it as a general read on dollar strength across their wider currency exposure.
EUR/USD vs the US Dollar Index
The euro carries by far the largest weight in the US Dollar Index (DXY), so the two usually move in close, inverse step: a stronger euro typically coincides with a lower dollar index reading.
Comparing the two separates euro-specific moves from broad dollar strength or weakness hitting all major currencies at once.
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 it, so the price quoted for an actual transfer will differ.
What does a stronger euro mean for a eurozone exporter?
A stronger euro (rising EUR/USD) converts dollar export revenue into fewer euros, which can compress margins for exporters selling into dollar markets, all else equal.
Is EUR/USD open at weekends?
No. The interbank EUR/USD market closes from Friday evening to Sunday evening UTC, in line with the rest of global FX.
Why does EUR/USD move around US and eurozone data releases?
Inflation, employment and growth data feed directly into ECB and Federal Reserve rate expectations, 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 text here is deliberately evergreen: it is not rewritten every time the market moves, and no price or level is quoted anywhere outside the chart itself.
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