Sending a larger amount to ? Request a Free    Multi-Vendor Quote
Recent Transfers
Request a Multi-Vendor Transfer Quote
UsForex Foreign Exchange Transfers
Compare Hotel Deals
 
International Transfers
NO CASH or CHEQUES will be accepted for payment.
USD
Please wait

USD/EUR Exchange Rate

USD 1.00 = EUR Reference Mid-Rate       /
Exchange Rates are different for International Bank Transfers & Travel Cash/Cards   Select
BestExchangeRates compares the latest Foreign Exchange Rates from Banks & leading Currency Brokers to find you the best deals for your International Money Transfers and Travel Money/Card transactions. We also provide quick currency converter calculators, up-to-date foreign exchange research, news, charts and information and reviews of currency brokers.
Save Time & Money - Compare Bank & Broker Foreign Exchange Rates for :
Overseas Bank Transfers     Travel Money & Cards

Thursday, 27 November 2014 - Market Commentary
Daily currency news provided by UsForex

: EUR/USD is weaker having traded to the top of its recent range and come near the top of the long term down trend dating from its June 2011 high up at 1.48 . We expect this to be a heavy resistance zone and we may see some choppy moves around this 1.3250 – 1.3350 range. Relative interest rates have provided for recent strength in EUR, and are likely to provide for further support ahead of next week’s FOMC given the focus on the Fed’s forward guidance thresholds. The ECB meeting two days later on August 1st will be a key focus as market participants look to Draghi for his reaction to both the improving outlook for Europe (PMI’s) and the implications of the recent strengthening in Euro.
We expect a range today of 1.3240 to 1.3290
Charts : EUR/USD USD/EUR
: GBP/USD is weaker falling to near term support around 1.5370 – The pair has been trading in a narrow range all week, and we should see this move develop and give new direction coming into next week’s more data heavy calendar which will include on Thursday, the UK MPC minutes and interest rate decision, and on Friday the US non-farm payrolls numbers.
We expect a range today of 1.5330 to 1.5400
Charts : GBP/USD USD/GBP
: With US Thanksgiving today North American markets will be quite thin once the European session ends, leaving us with the potential for some erratic movement on any surprises the rest of the day. The OPEC announcement regarding production will be at 10:00 AM EST today. Consensus has built over the last 48 hours that there will not be a cut as Saudi Arabia wishes to continue to test how low we can go in an attempt to pressure the Shale oil production coming on line in the US. The market reaction still could be a coin toss on this announcement as it is hard to know how priced in this is in energy markets. Without a doubt this should weigh on the Loonie, however the positive that could offset some of the pressure is oil sands producers confirming they can continue to be profitable at $40 to $60 pbl oil. Canadian current account data improved from -9.9B to -8.4B when the market anticipated a -10.3B reading, causing USDCAD to attempt a break of 1.1230 again.
We expect a range today of 1.1210 to 1.1300
Charts : USD/CAD CAD/USD
: USD/JPY has seen significant weakness today, falling back below the 100 level. The Yen strength was caused by market perception of a “stronger” than expected CPI number, coming in at 0.2% vs 0.1% expected and indicating an increase of inflation in line with the BOJ policies. However, looking at the various components which make up this number we can see that the core drivers of inflation have come from higher energy prices and higher food costs – indicating “bad” cost push inflation, instead of “good” demand pull inflation (via increasing wages). This is not a good sign for the long term health of Japanese companies or the economy.
We expect a range today of 98.00 to 98.60
Charts : USD/JPY JPY/USD
After a previous few trading sessions where the US dollar has taken centre stage last night the Euro stepped into the limelight with an array of high impact data being released. The main announcement was the German inflation figures which disappointed showing the data almost touching 5 year lows. The CPI numbers will bring additional stimulus talks back to the forefront as they have been previously mentioned as an example of an aggressive policy to get the Eurozone’s economy back on track. The Euro continued to fall as ECB president Draghi weighed in continuing to mention the ECB will use whatever is needed to spur growth in the struggling Eurozone. The EUR opens this morning just under half a cent weaker against the US dollar and with Thanksgiving in the US today investors will watch another string of Eurozone releases mainly the CPI flash estimate for direction.
Data releases: 
Private Sector Credit m/m
Building Consents m/m, ANZ Business Confidence
Household Spending y/y, Tokyo Core CPI y/y, National Core CPI y/y, Unemployment Rate, Prelim Industrial Production m/m, Retail Sales y/y, Housing Starts y/y
GfK Consumer Confidence, Nationwide HPI m/m
Charts : USD/EUR EUR/USD USD/JPY

Foreign Real Estate Investing Do's and Don'ts

Bloomberg Television interview with Michael Ward, CEO, North America and Europe for USForex on getting the Best Exchange Rates when sending money abroad from the US plus his thoughts on what to look for when Buying Property Abroad and which global cities are popular right now. ⇒ watch video

Why is it that when I go into a currency vendor to send money I never get the rate on the news?

You may well think that you are being ripped off, but it is not always the case. In simple terms what you see on the news or in the paper or on yahoo finance is the Middle Rate or mid-rate. Some people want to buy a currency and some people want to sell a currency and there is a gap (or margin) between the price at which you buy and the price at which you sell. ⇒ read article

What makes sending money internationally so expensive?

There are a number of cost components to making and receiving international payments, most of which are far from transparent to customers: Currency fees, Transit fees, Correspondent bank fees etc ⇒ read article

BestExchangeRates in the PressSMH.com.au Money

“A check with the foreign-exchange comparison website bestexchangerates.net shows a big variation in the exchange rates available when sending money and buying cash.” SMH.com.au ⇒ read article

This is an information service. By browsing on the website and/or using our comparison tools, you are asking BestExchangeRates to provide you with information about currency exchange products & services from multiple financial institutions. We will try to show you a range of products & services in response to your request for information. The search results do not include all providers and may not compare all features relevant to you. In giving you product information we are not making any suggestion or recommendation to you about a particular product. If you decide to conduct foreign exchange you will deal directly with a financial institution, and not with BestExchangeRates. Rates and product information should be confirmed with the relevant financial institution, see our terms of use for further details. BestExchangeRates may receive fees or other benefits in relation to activity on the BestExchangeRates website. BestExchangeRates may receive remuneration for vendor referral links.    TOS | Full disclaimer | Privacy Statement | Facebook