The real USD/EUR 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.
USD → EUR · Real-time rateConvert US dollars
into euros (USD → EUR)
1 USD = 0.8882 EUR as of 23 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 US dollars (USD) into euros (EUR) at the real interbank rate, in real time. Ideal for your international payments, your investments and your fund repatriations, with a margin from 0.40% to 0.15% and no hidden fees.
USD → EURCurrency pair
Real timeMarket rate
0.15%Margin from
Simulate your transfer
No hidden fees1 USD = 0.8882 EUR Rate as of 23 October 2026
888.18
Estimated annual saving
—
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USD/EUR conversion in brief
Convert US dollars into euros, at the fair rate
The essentials to change your USD into EUR 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
Receive and fund your money on an IBAN in your name, converted into euros automatically.
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
USD → EUR: ibani, bank or exchange office?
On a 10'000 USD exchange, the margin applied to the rate makes all the difference to the amount received in euros.
| Criterion | ibani | Bank | Exchange office |
|---|---|---|---|
| Starting rate | Real interbank | "In-house" rate | "In-house" rate |
| Exchange margin | 0.40% | ~1.5 to 2% | Often > 2% |
| Transfer fees | 0 CHF | Variable | — |
| Estimated cost on 10'000 USD* | ~40 USD | ~180 USD | > 200 USD |
| 100% digital tracking | Yes | Partial | No |
*Indicative orders of magnitude for a one-off exchange of 10'000 USD. See the details on our Rates page.
Rate movement
USD / EUR exchange rate live
Follow the pair's trend to choose the right moment for your exchange.
| Indicator | 30 days | 90 days |
|---|---|---|
| High | 0.8947 | 0.8947 |
| Low | 0.8763 | 0.8548 |
| Average | 0.8881 | 0.8729 |
| Change | +1.84% | +1.64% |
European Central Bank reference rates, from 27 July to 22 October (90 days) and from 23 September to 22 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 USD in EUR (and the other way round)?
Indicative amounts, ibani margin included, updated continuously.
Indicative rate as of 23 October 2026, ibani margin included; the rate applied is the one in effect when you place your order.
How to convert
Your USD changed into EUR, in 3 steps
Create your ibani account for free
100% digital sign-up in 5 minutes, with no opening or account maintenance fees.
Get your personal Swiss IBAN
Use it to receive or fund your US dollars directly on ibani.
Receive your euros at the real rate
ibani converts your USD into EUR at the market rate, plus a margin of 0.40% to 0.15% depending on the amount, and transfers the euros to your account, with no hidden fees.
CHF
GBP
CAD
SGDMarkets · updated 19 October 2026
USD/EUR: what has moved in recent months
Seen from the United States, the dollar has firmed against the euro since the end of the summer. After the Fed's 16 September hike and US inflation of 3.7% in September, one dollar was worth 0.8909 euro at the 19 October reference rate.
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.
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.
USD → EUR
What it means for you
Converting dollars into euros yields more today than at the end of August: EUR/USD has lost 3.6% since 28 August. The ECB meets on 29 October, the day after the Fed's decision; spreading conversions avoids staking everything on either decision.
ECB reference rate on 19 October 2026: 1 USD ≈ 0.8909 EUR (excluding margin). The rate shown at the top of the page includes the ibani margin; the converter shows the live rate.
Sources: Federal Reserve, statement of 16 September 2026 · Bureau of Labor Statistics, September consumer price index published 14 October 2026 · ECB, euro foreign exchange reference rates · ECB, monetary policy decision of 10 September 2026 · Eurostat, euro area September inflation published 16 October 2026.
General market information, compiled from the sources cited; it constitutes neither investment advice nor a forecast.
The economics of the pair
USD/EUR: the Fed versus the ECB
The rate between the US dollar (USD) and the euro (EUR) derives from the EUR/USD pair, the most traded and most liquid currency pair in the world. Its dynamics are dictated by the relationship between two central banks: the US Federal Reserve (Fed) and the European Central Bank (ECB).
The dollar is the world's main reserve currency: a large part of international trade, commodities and foreign exchange reserves is denominated in USD. Its value against the euro reacts above all to interest-rate gaps between the Fed and the ECB: when the Fed raises its rates faster than the ECB, the dollar tends to appreciate; conversely, a US easing cycle often benefits the euro.
Added to this are inflation and employment figures (including the monthly US jobs reports), the relative growth of the two zones and the global risk climate — in times of tension, the dollar plays its role as a safe-haven asset. A notable landmark: in 2022, the euro briefly fell below parity with the dollar for the first time since 2002. To compare in the other direction, see our EUR/USD rate page.
To go further, see 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 USD/EUR exchange
There is no universally ideal moment. The USD/EUR rate depends on market movements and on the decisions of the US Federal Reserve (Fed) and the ECB. An interest-rate gap in favour of the dollar tends to strengthen it against the euro. Monitor the real rate continuously and trigger your exchange at the moment that suits you.
With ibani, you open a free account and a personal IBAN. You enter the sum in USD to convert: ibani applies the real interbank market rate, plus a margin of 0.40% to 0.15% depending on the amount, and transfers the euros to your bank account, with no hidden fees.
EUR/USD is the most traded currency pair in the world. Its price reacts continuously to monetary-policy gaps between the Fed and the ECB, to US and European inflation and employment figures, as well as to the risk climate on the markets.
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 times cheaper than a traditional bank.
Change your US dollars
into euros at the fair rate.
Get a personal Swiss IBAN, convert your USD into EUR 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.
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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).