The real EUR/USD rate
The interbank (mid-market) rate as the basis; the ibani margin, from 0.40% to 0.15% depending on the amount, is shown separately.
EUR → USD · Real-time rateConvert euros
into US dollars (EUR → USD)
1 EUR = 1.1080 USD as of 29 October 2026 (indicative rate for an amount below the equivalent of CHF 10,000, ibani margin included; the rate applied is the one in effect when you place your order).
Change your euros (EUR) into US dollars (USD) at the real interbank rate, in real time. Ideal for your international payments, your purchases in dollars and your transfers, with a margin from 0.40% to 0.15% and no hidden fees.
EUR → USDCurrency pair
Real timeMarket rate
0.15%Margin from
Simulate your transfer
No hidden fees1 EUR = 1.1080 USD Rate as of 29 October 2026
1'108.01
Estimated annual saving
—
vs. a traditional bank
35'000+ clientsIndividuals & businesses
CHF 1 Billion+Exchanged since 2018
Up to 10× cheaperThan a traditional bank
4.7/5 · ExcellentOn 2'000+ client reviews
EUR/USD conversion in a nutshell
Convert euros into US dollars, at the right rate
The essentials to change your EUR into USD with no nasty surprises on the rate or the fees.
A margin from 0.15%
Transparent and sliding, up to 10× cheaper than a bank. No hidden fees.
Personal Swiss IBAN
Manage your euros and your dollars from an account in your name, with conversions at the real rate (+ margin from 0.15%).
A reliable Swiss partner
ibani SA, founded in Geneva in 2018, a financial intermediary affiliated with SO-FIT, a self-regulatory organisation recognised by FINMA.
What you really pay
EUR → USD: ibani, bank or exchange office?
On an exchange of 5'000 EUR, the margin applied to the rate makes all the difference to the amount received in dollars.
| Criterion | ibani | Bank | Exchange office |
|---|---|---|---|
| Starting rate | Real interbank | "House" rate | "House" rate |
| Exchange margin | 0.40% | ~1.5 to 2% | Often > 2% |
| Transfer fees | 0 EUR | Variable | — |
| Estimated cost on 5'000 EUR* | ~20 EUR | ~85 EUR | > 100 EUR |
| 100% digital tracking | Yes | Partial | No |
*Indicative orders of magnitude for an exchange of 5'000 EUR into USD. See the details on our Rates page.
Rate movement
Live EUR / USD exchange rate
Follow the trend of the pair to choose the right moment for your exchange.
| Indicator | 30 days | 90 days |
|---|---|---|
| High | 1.1355 | 1.1699 |
| Low | 1.1133 | 1.1133 |
| Average | 1.1220 | 1.1443 |
| Change | −1.96% | −3.06% |
European Central Bank reference rates, from 31 July to 28 October (90 days) and from 29 September to 28 October (30 days), 2026. Excluding exchange margin: these figures are not directly comparable with the rate shown at the top of the page, which includes the ibani margin.
Conversion tables
How much is 1 EUR in USD (and the other way round)?
Indicative amounts, ibani margin included, continuously updated.
Indicative rate as of 29 October 2026, ibani margin included; the rate applied is the one in effect when you place your order.
How to convert
Your EUR changed into USD, in 3 steps
Create your ibani account for free
100% digital sign-up in 5 minutes, with no opening or account maintenance fees.
Enter the beneficiary account in USD
Provide the details of the destination account where you want to receive your converted dollars.
Receive your dollars at the real rate
ibani converts your EUR into USD at the market rate, plus a margin of 0.40% to 0.15% depending on the amount, and transfers the dollars to the chosen account.
CHF
GBP
CAD
SGDMarkets · updated 19 October 2026
EUR/USD: what has moved in recent months
Both central banks raised rates in September, the ECB on the 10th and the Fed on the 16th, and it was the dollar that benefited. EUR/USD hit its 2026 low on 7 October, at 1.1177, far from the 28 January high of 1.1974, and stood at 1.1225 on 19 October, 3.6% below its 28 August level.
EURThe ECB raised rates in September
On 10 September 2026 the European Central Bank raised its three key interest rates by 25 basis points: the deposit facility rate rose to 2.50% and the main refinancing operations rate to 2.65%, effective 16 September. Euro area inflation accelerated to 3.8% in September, after 3.2% in August, according to Eurostat. Yet the euro fell against the dollar: EUR/USD hit its low for the year on 7 October, at 1.1177, and stood at 1.1225 on 19 October. The next decision is on 29 October 2026, then on 17 December.
USDThe Fed raises rates unanimously
On 16 September 2026 the Federal Reserve raised the target range for the federal funds rate by 25 basis points, to 3.75%–4.00%, by twelve votes to none. US inflation came in at 3.7% year on year in September, and at 2.6% excluding food and energy. The dollar firmed: against the franc, it hit its 2026 high on 1 October, at 0.8353, and stood at 0.8250 at the 19 October reference rate, up 2.6% since 28 August. The next meeting is on 27 and 28 October 2026, then on 8 and 9 December.
EUR → USD
What it means for you
The next two meetings fall in the same week: the Fed on 27 and 28 October, the ECB on the 29th. Both face high inflation, 3.8% in the euro area and 3.7% in the United States in September; it is the difference in tone between their statements that could move the pair, in either direction.
ECB reference rate on 19 October 2026: 1 EUR ≈ 1.1225 USD (excluding margin). The rate shown at the top of the page includes the ibani margin; the converter shows the live rate.
Sources: ECB, monetary policy decision of 10 September 2026 · Eurostat, euro area September inflation published 16 October 2026 · ECB, euro foreign exchange reference rates · Federal Reserve, statement of 16 September 2026 · Bureau of Labor Statistics, September consumer price index published 14 October 2026.
General market information, compiled from the sources cited; it constitutes neither investment advice nor a forecast.
The economics of the pair
EUR/USD: the ECB versus the Fed
The rate between the euro (EUR) and the US dollar (USD) is the most traded currency pair in the world. Its dynamics are dictated by the relationship between two central banks: the European Central Bank (ECB) and the US Federal Reserve (Fed).
The main driver of the rate is the interest rate gap between the two zones. When the Fed raises its rates faster than the ECB, capital flows towards US assets, the dollar appreciates and the euro falls back. Conversely, tightening by the ECB or a robust European economy tends to support the euro. Added to this are inflation on both sides of the Atlantic, US employment figures and the status of the dollar as the world's leading reserve currency and global safe haven.
A historical benchmark: in 2022, the euro fell below parity with the dollar (1 EUR < 1 USD) for the first time in twenty years, against a backdrop of US monetary tightening and the energy crisis in Europe. The EUR/USD pair remains highly liquid and sensitive to central bank announcements, which makes it a rate to watch closely before triggering an exchange.
Read also: our guides on how to buy currency for your business and invoice cross-border B2B.
Written by Brice Delhome.
Frequently asked questions
Frequently asked questions about EUR/USD exchange
There is no universal ideal day. The EUR/USD rate, the most traded currency pair in the world, depends on the monetary policy gap between the ECB and the Fed, inflation data and the growth of each zone. Monitor the real rate continuously and trigger your exchange at the moment that suits you.
The EUR/USD rate reacts above all to the interest rate gap between the European Central Bank (ECB) and the US Federal Reserve (Fed). Added to this are inflation figures, US employment data, eurozone growth, as well as the role of the dollar as a reserve currency and global safe haven.
In 2022, the euro fell below parity with the dollar for the first time in twenty years. This move was explained by the Fed's rapid monetary tightening, the energy crisis in Europe and the flight to the dollar as a safe haven in a period of geopolitical uncertainty.
ibani applies a transparent margin from 0.40% to 0.15% on the real interbank rate, decreasing with amounts. There are no opening or account maintenance fees. It's up to 10× cheaper than a traditional bank. Transfers in dollars may be subject to correspondent bank fees. See the details on the Rates page.
Change your euros
into dollars at the right rate.
Open an ibani account, convert your EUR into USD at the real rate (+ margin from 0.15%) and transfer with no hidden fees. Free account opening, 100% digital, in 5 minutes.✓ Real interbank rate · ✓ Margin from 0.15% · ✓ Affiliated with SO-FIT (SRO)
* Transfers in currencies other than EUR and CHF may be subject to correspondent bank fees.
Swiss financial intermediary subject to the AMLA regulatory framework
Your money is handled with the utmost regulatory rigour.
ibani SA is a FinTech company established since 2018 in the heart of Geneva, Switzerland. We are a financial intermediary audited for our activity, with thousands of clients and exchange operations to our name.
ibani SA is affiliated with SO-FIT as a financial intermediary within the meaning of Article 2 para. 3 of the Anti-Money Laundering Act (AMLA). SO-FIT is a self-regulatory organisation recognised by the Swiss Financial Market Supervisory Authority (FINMA).