Converting your money to a foreign currency? Understanding the exchange rate is crucial, especially when dealing with major currencies like the US Dollar (USD) and the Euro (EUR). This guide explains how to convert USD or EUR to other currencies using today’s exchange rates. Our currency converter uses cross rates to provide accurate values for various currencies, allowing you to calculate the value of EUR and USD against any other currency. Currency codes, standardized by ISO 4217:2015, are represented by a three-letter alphabetic code and the full currency name.
| 1 USD | = | 0.9556 EUR |
|---|---|---|
| US dollar | ↔ | Euro |
| 1 USD = 0.9556 EUR | 1 EUR = 1.0465 USD | |
| ECB Exchange rates: 2025-03-03 14:56:52 |
When making international money transfers, it’s important to be aware of hidden fees and unfavorable exchange rates often applied by traditional banks. These institutions often incorporate fees into the exchange rate, leading to higher costs for international transactions. For a more cost-effective solution, consider using Wise (formerly TransferWise). Wise typically offers significantly lower fees and more transparent exchange rates. For instance, transferring 1000 EUR to USD with Wise could cost as little as 4 EUR, compared to approximately 28 EUR with a conventional bank.
Understanding Cross Currency Rates
Cross currency rates are exchange rates between two currencies, where neither currency is the official currency of the country providing the quote. In the context of the United States, a cross rate would be any exchange rate between two currencies other than the US Dollar. The table below illustrates cross currency rates between major global currencies.
| EUR | USD | GBP | CHF | CAD | AUD | JPY |
|---|---|---|---|---|---|---|
| EUR | 1 | 1.0465 | 0.8253 | 0.9428 | 1.5104 | 1.6811 |
| USD | 0.9556 | 1 | 0.7886 | 0.9009 | 1.4433 | 1.6064 |
| GBP | 1.2117 | 1.2680 | 1 | 1.1424 | 1.8301 | 2.0370 |
| CHF | 1.0607 | 1.1100 | 0.8754 | 1 | 1.6020 | 1.7831 |
| CAD | 0.6621 | 0.6929 | 0.5464 | 0.6242 | 1 | 1.1130 |
| AUD | 0.5948 | 0.6225 | 0.4909 | 0.5608 | 0.8985 | 1 |
| JPY | 0.0063 | 0.0066 | 0.0052 | 0.0060 | 0.0095 | 0.0106 |
This currency converter updates its rates daily using central bank data, ensuring accuracy based on information updated between 2:15 p.m. and 3:00 p.m. CET. For automated currency conversion with live updates and 150 currencies, explore our currency converter API for integration into your systems.
*Data sourced from central bank information, updated daily between 2.15 p.m. and 3.00 p.m. CET.
