About converting Euro to US dollar
Euro–dollar is the most traded currency pair in the world. The rate on this page is the ECB’s own euro reference rate for the US dollar, published around 16:00 Central European Time on every working day, so no cross-calculation is involved.
The ECB rate is a snapshot taken once a day. Trading prices move all day long, so a quote from a bank or broker at another time will differ slightly.
Banks and exchange companies add a margin to the mid-market rate shown here, and some charge a fixed fee as well. Compare the final amount received, not just the headline rate.
How the EUR to USD rate is worked out
Rates are stored per euro, so every pair is a cross rate through the euro, and the inverse is 1 divided by the rate. Major currencies use the European Central Bank’s euro reference rates; others, such as the Pakistani rupee and Gulf currencies, use the open-source currency-api feed, linked through the US dollar. The working box under the result shows the sum with today’s numbers.
The rate is a mid-market reference for information only. For a transfer, compare the amount the recipient receives with two or three providers. For any other pair, use the full currency converter.