Exchange Rate Euro To Us Dollar By Date
Exchange rates are always fluctuating, and it’s essential to keep track of them, especially if you are dealing with international transactions. One of the most commonly used exchange rates is Euro to US Dollar. The exchange rate between these two currencies is affected by various factors such as economic and political events, market sentiment, and more.
What is Euro to US Dollar Exchange Rate?
The Euro to US Dollar exchange rate is the value of one Euro in US Dollars. For example, if the exchange rate is 1.20, it means that one Euro is equal to 1.20 US Dollars. This exchange rate changes daily, and it’s essential to keep track of it if you want to get the best value for your money.
Factors Affecting Euro to US Dollar Exchange Rate
The Euro to US Dollar exchange rate is affected by various factors such as economic and political events, market sentiment, and more. Here are some of the factors that can affect this exchange rate:
Economic Events
The economic events of a country or region can affect its currency value. For example, if the Eurozone experiences economic growth, the value of Euro may increase, and the Euro to US Dollar exchange rate may go up. Similarly, if the US experiences economic growth, the value of US Dollar may increase, and the exchange rate may go down.
Political Events
Political events such as elections, referendums, and government policies can also affect the exchange rate. For example, if a country experiences political instability or uncertainty, its currency value may decrease, and the exchange rate may go down.
Market Sentiment
Market sentiment refers to the overall feeling or mood of investors and traders towards a particular currency. If investors and traders have a positive sentiment towards the Euro, its value may increase, and the exchange rate may go up. Similarly, if they have a negative sentiment towards the Euro, its value may decrease, and the exchange rate may go down.
Euro to US Dollar Exchange Rate by Date
Here are the Euro to US Dollar exchange rates for the past few years:
2017
January 1, 2017 – 1 EUR = 1.05 USD
December 31, 2017 – 1 EUR = 1.20 USD
2018
January 1, 2018 – 1 EUR = 1.20 USD
December 31, 2018 – 1 EUR = 1.14 USD
2019
January 1, 2019 – 1 EUR = 1.14 USD
December 31, 2019 – 1 EUR = 1.12 USD
2020
January 1, 2020 – 1 EUR = 1.12 USD
December 31, 2020 – 1 EUR = 1.23 USD
2021
January 1, 2021 – 1 EUR = 1.22 USD
June 30, 2021 – 1 EUR = 1.19 USD
Conclusion
The Euro to US Dollar exchange rate is a crucial factor in international transactions. It changes daily and is affected by various factors such as economic and political events, market sentiment, and more. By keeping track of the exchange rate, you can get the best value for your money.