The current exchange rate between the euro (EUR) and the US dollar (USD) fluctuates daily. However, as of March 28, 2025, 1 USD is equivalent to 0.9262 EUR, according to the European Central Bank (ECB). Conversely, 1 EUR is worth 1.0797 USD. This means it takes slightly more than one US dollar to buy one euro.
Understanding Exchange Rates: Euros and Dollars
The EUR/USD exchange rate is one of the most actively traded currency pairs in the world. Various factors influence this rate, including economic growth, interest rates, political stability, and market sentiment in both the Eurozone and the United States. These fluctuations can impact international trade, tourism, and investments.
For instance, a stronger dollar relative to the euro makes European goods and services cheaper for American consumers. Conversely, a weaker dollar makes American goods and services more expensive for European consumers. This dynamic can significantly impact import and export businesses.
Saving Money on International Transfers
When sending money internationally, banks often charge hidden fees within the exchange rate, resulting in higher costs for consumers. For example, a 1000 EUR transfer to USD could cost 28 EUR with a bank.
Using specialized international money transfer services, such as Wise (formerly TransferWise), can help you avoid these hidden fees and save money. Wise often offers significantly lower transfer fees, potentially costing as little as 4 EUR for the same 1000 EUR to USD transfer.
Cross Currency Rates and Calculations
Cross currency rates represent the exchange rate between two currencies, neither of which is the domestic currency of the country providing the quote. For example, in the United States, a cross rate would be any exchange rate not involving the USD.
The table below displays cross rates for various currencies as of March 28, 2025:
| EUR | USD | GBP | CHF | CAD | AUD | JPY |
|---|---|---|---|---|---|---|
| EUR | 1 | 1.0797 | 0.8336 | 0.9525 | 1.5444 | 1.7120 |
| USD | 0.9262 | 1 | 0.7720 | 0.8822 | 1.4304 | 1.5856 |
| GBP | 1.1996 | 1.2953 | 1 | 1.1427 | 1.8527 | 2.0538 |
| CHF | 1.0499 | 1.1335 | 0.8751 | 1 | 1.6214 | 1.7974 |
| CAD | 0.6475 | 0.6991 | 0.5397 | 0.6167 | 1 | 1.1085 |
| AUD | 0.5841 | 0.6307 | 0.4869 | 0.5564 | 0.9021 | 1 |
| JPY | 0.0061 | 0.0066 | 0.0051 | 0.0059 | 0.0095 | 0.0105 |
These rates are updated daily. For real-time data and integration into your own systems, consider using a currency converter API.
Keep in mind that these exchange rates are based on central bank data, updated daily between 2:15 PM and 3:00 PM CET. For the most up-to-date information, consult a live currency converter.
