EUR → USD · Real-time rate

Convert euros
into US dollars (EUR → USD)

Q: When should you convert your euros into US dollars (EUR/USD)?

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.

Q: What moves the EUR/USD rate?

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.

Q: Why did the euro and the dollar come close to parity?

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.

Q: What are the fees to convert EUR to USD with ibani?

ibani applies a transparent margin from 0.40% on the real interbank rate, decreasing with amounts. There are no opening or account maintenance fees. It's up to 10 times cheaper than a traditional bank. Transfers in dollars may be subject to correspondent bank fees.

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% and no hidden fees.

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EUR → USDCurrency pair

Real timeMarket rate

0.40%Margin from

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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.

The real EUR/USD rate

The interbank rate (mid-market), with no inflated margin hidden in the displayed rate.

A margin from 0.40%

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.

A reliable Swiss partner

ibani SA, founded in Geneva in 2018, a financial intermediary affiliated with SO-FIT, 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	From 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.

Conversion tables

How much is 1 EUR in USD (and the other way round)?

Indicative amounts, ibani margin included, continuously updated.

Reference rate as of 21 September 2026; the rate applied is the one at the time of the order.

EUR	USD
EUR 1	1.14
EUR 5	5.71
EUR 10	11.42
EUR 50	57.09
EUR 100	114.17
EUR 500	570.85
EUR 1'000	1'141.71
EUR 5'000	5'708.54
EUR 10'000	11'417.09
EUR 50'000	57'114.08

USD	EUR
USD 1	0.87
USD 5	4.34
USD 10	8.67
USD 50	43.36
USD 100	86.72
USD 500	433.58
USD 1'000	867.15
USD 5'000	4'335.76
USD 10'000	8'671.52
USD 50'000	43'379.37

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 and transfers the dollars to the chosen account.

Other pairs

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From the euro (EUR)

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Markets · updated 28 August 2026

EUR/USD: what has moved in recent months

The euro regained the upper hand over the dollar this summer, on two distinct engines: the ECB's 11 June hike, then from 19 August the Treasury's deliberate compression of long US yields. The pair traded at 1.1645 on 27 August 2026, up around 2.3% over thirty days.

EUR

The ECB tightened in June, then waited

On 11 June 2026 the European Central Bank raised its deposit rate by 25 basis points to 2.25% — its first hike since 2023 — in response to an imported energy shock, taking the main refinancing rate to 2.40%. On 23 July it left all three rates unchanged without committing to a path. Euro area inflation came in at 2.9% in July after 2.8% in June, and August PMIs moved clearly back into expansion (composite at 52.1). Rate markets price a further hike on 10 September at roughly 80%.

USD

The US Treasury cut the dollar's engine

The Federal Reserve held its policy rate in the 3.50%–3.75% range on 29 July 2026, on a tight nine-to-three vote. US inflation eased to 3.4% in July, core inflation to 2.5%, and retail sales fell for the first time in nine months. On 19 August the Treasury announced it was doubling its long-dated debt buybacks, from 2 to at least 4 billion dollars per operation, from 9 September to 4 November: the 30-year yield fell back to 5.196% after a nineteen-year high of 5.33%, and the dollar retreated against all its major counterparts.

EUR → USD

What it means for you

Most of the move reflects the expected path of rates, not growth. An ECB confirmation on 10 September is already in the price; it is a disappointment that would move the pair, and to the downside.

Benchmark on 28 August 2026: 1 EUR ≈ 1.1645 USD. The converter at the top of this page shows the live rate.

Sources: ECB, monetary policy decisions of 11 June and 23 July 2026 · Eurostat, euro area July inflation confirmed 19 August 2026 · S&P Global, euro area flash PMI of 21 August 2026 · Federal Reserve, statement of 29 July 2026 · Bureau of Labor Statistics, July consumer price index published 12 August 2026 · US Department of the Treasury, statement of 19 August 2026.

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

When should you convert your euros into US dollars (EUR/USD)?

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.

What moves the EUR/USD rate?

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.

Why did the euro and the dollar come close to parity?

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.

What are the fees to convert EUR to USD with ibani?

ibani applies a transparent margin from 0.40% 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 and transfer with no hidden fees. Free account opening, 100% digital, in 5 minutes.

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* Transfers in currencies other than EUR and CHF may be subject to correspondent bank fees.

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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).

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