How Many Euros to a Dollar? Current Exchange Rate and Wise Transfer Tip
Understanding the current euro to dollar exchange rate is crucial for travelers, investors, and businesses alike. This article provides the latest exchange rate information and explains how to get the most out of your international money transfers.
The current exchange rate for 1 US dollar is approximately 0.9184 euros (as of March 14, 2025, according to the European Central Bank). Conversely, 1 euro is equivalent to about 1.0889 US dollars. These rates fluctuate daily, influenced by various economic factors.
Understanding Cross Currency Rates
Cross currency rates represent the calculated value between two currencies, neither of which is the domestic currency of the country providing the quote. For instance, in the United States, a cross rate would be any exchange rate that doesn’t involve the US dollar. This allows for comparisons and conversions between various global currencies.
A Table of Cross Currency Rates
The table below showcases cross rates for several major currencies: Euro (EUR), US Dollar (USD), British Pound (GBP), Swiss Franc (CHF), Canadian Dollar (CAD), Australian Dollar (AUD), and Japanese Yen (JPY).
Save Money on International Transfers with Wise
Traditional banks often incorporate hidden fees within their exchange rates, leading to higher costs for international money transfers. Wise (formerly TransferWise) provides a transparent and often more affordable alternative. For example, transferring 1000 EUR to USD could cost as little as 4 EUR with Wise, compared to a potential 28 EUR fee with a bank. This significant difference highlights the potential savings when using Wise. Consider using Wise for your next international transfer to avoid unnecessary expenses.
This currency converter’s rates are updated once daily, based on central bank data, usually between 2:15 PM and 3:00 PM CET. For real-time updates and integration with your own systems, consider utilizing a currency converter API that offers live exchange rate data for various currencies.