Currency Pair: EUR USD Euro U S. Dollar Definition and History

Create a chart for any currency pair in the world to see their currency history. These currency charts use live mid-market rates, are easy to use, and are very reliable. These are the average exchange rates of these two currencies for the last 30 and 90 days. RISK DISCLOSURETrading forex on margin carries a high level of risk and may not be suitable for all investors. Losses can exceed deposits.Past performance is not indicative of future results. The performance quoted may be before charges, which will reduce illustrated performance.Please ensure that you fully understand the risks involved.

1. Our currency rankings show that the most popular Euro exchange rate is the EUR to USD rate.
2. The currency pair indicates how many U.S. dollars (the quote currency) are needed to purchase one euro (the base currency).
3. Moreover, EUR/USD is a good barometer of general market sentiment.
4. In my years as an experienced trader, I’ve witnessed the thrilling ups and downs of the EURUSD exchange rate.
5. It also makes the euro one of the most heavily traded currencies in the forex market, second only to the U.S. dollar.

Thus, the source of the strengthening and/or weakening is not reflected in the rate. The EUR/USD rate can increase because the euro is getting stronger or the U.S. dollar is getting weaker. Either condition results in an upward movement in the rate (price) and a corresponding upward movement in a price chart. In this section, we explored how macroeconomic indicators, central bank policies, political events, geopolitical factors, and market sentiment influence the EURUSD exchange rate. Fast forward to today, and EURUSD dominates the forex scene as one of the most widely traded currency pairs. The USD/JPY (or US Dollar Japanese Yen) currency pair is one of the ‘Majors’, the most important pairs in the world.

EUR/JPY remains calm amid mixed Eurozone Retail Sales, trades around 164.10

Banks and traditional providers often have extra costs, which they pass to you by marking up the exchange rate. Our smart tech means we’re more efficient – which means you get a great rate. They add hidden markups to their exchange rates – charging you more without your knowledge.

Unlike a price chart for a stock in which the indicated price directly represents a price for the stock, the price listed on a price chart for a currency pair represents the exchange rate of the two currencies. Therefore, the directional indication of a chart corresponds to the base currency. Using the earlier example, when a trader takes a long position in the EUR/USD currency at 1.50, as the rate increases to 1.70, the euro increases in strength (as indicated in the price chart) and the U.S. dollar weakens. Now it takes $1.70 (more dollars) to purchase the same euro, making the dollar weaker and/or the euro stronger. The euro currency originated on 1992 as a result of the Maastricht Treaty.

Exploring the World of Currency Pairs

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Key data points

These percentages show how much the exchange rate has fluctuated over the last 30 and 90-day periods. These are the lowest points the exchange rate has been at in the last 30 and 90-day avatrade review periods. These are the highest points the exchange rate has been at in the last 30 and 90-day periods. Overall, understanding the nuances of EURUSD is crucial for forex traders.

Trading the EUR/USD currency pair is also known as trading the “euro.” The value of the EUR/USD pair is quoted as 1 euro per x U.S. dollars. For example, avatrade review if the pair is trading at 1.50, it means it takes 1.5 U.S. dollars to buy 1 euro. The EUR/USD pair has become the most widely-traded pair in the world.