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

USD/EUR Exchange Rate

USD 1.00 = EUR Mid-Rate       /
Here at BER we are dedicated to helping you compare and get the best currency exchange rates for United States Dollar Bank Transfers and Travel Money. We also provide currency converter calculators, up-to-date market research and information on both banks and online currency brokers. Select Type >

Popular USD Mid-Rates & Charts (30 days & 3 years) :

Friday, 22 August 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
: CPI and Retail Sales will give Canada an opportunity to be in the spotlight as there is no other economic releases this morning. The Core CPI month over month was flat at -0.1% versus expectations of a rise to +0.1%. The yearly figure dropped from 2.4% in June to 2.1% which is not going to cause any thought or discussion of an adjustment at the Bank of Canada. June Core Retail Sales were a pleasant surprise at +1.5% versus expectations of a rise from 0.1 to 0.4. this has offset the softness in CPI and helped the Loonie to gain beyond pre-release levels of 1.0960, currently at 1.0946.
We expect a range today of 1.0930 to 1.0990
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
The Greenback surrendered recent gains yesterday as investors take stock ahead of the Jackson Hole Symposium and convergence of Central Bank heads today. Both Fed President Janet Yellen and ECB President Mario Draghi are due to address gathered officials in what investors have dubbed a key directional event. Wednesday’s Fed minutes inferred the U.S Central Bank has shifted toward a hawkish bias and Yellen’s speech is critical in affirming the change in stance. Dipping lower against most major counterparts markets largely ignored stable employment data and strong manufacturing numbers. By all rights the Dollar should have consolidated gains yesterday instead it has served to hone market focus and highlights the importance placed on today’s outcome. A hawkish Yellen tone should see the Greenback rally again gather pace. Euro found some support yesterday bouncing back from 11 month lows on stronger than expected German Private-sector growth and stable manufacturing. EUR/USD opens this morning at 1.3281 as focus turns to Jackson Hole and signs of furthering Central Bank divergence.
Data releases
Jackson Hole Symposium
NZD: No data today     
No data today
GBP: No data today
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