The foreign exchange market is a dynamic and crucial aspect of the global economy, with the exchange rate between the Euro (EUR) and the US Dollar (USD) being one of the most closely watched currency pairs worldwide. For individuals and businesses alike, understanding the nuances of the Eur 10 To Usd conversion and the factors influencing it is essential for informed financial decisions. This article delves into the latest foreign exchange rates data released by the Federal Reserve (H.10 report), providing a comprehensive overview and focusing specifically on the EUR/USD exchange rate.
Decoding the Federal Reserve H.10 Report
The Federal Reserve’s H.10 Foreign Exchange Rates report is a weekly publication that provides a snapshot of exchange rates for a wide range of currencies against the US dollar. This report, a trusted source of data for economists, businesses, and individuals, offers a historical perspective and the most recent rates, allowing for trend analysis and informed decision-making in international finance. The data is presented in a clear, tabular format, making it easily accessible and interpretable.
Analyzing the Latest H.10 Data for EUR to USD
Let’s examine the most recent H.10 report to understand the current exchange rate between EUR and USD. The table below, extracted from the Federal Reserve H.10 report, provides the exchange rates as currency units per U.S. dollar. Focusing on the “EMU MEMBERS” row, we can find the Euro exchange rate against the USD for the specified dates.
| COUNTRY | CURRENCY | Feb. 17 | Feb. 18 | Feb. 19 | Feb. 20 | Feb. 21 |
|---|---|---|---|---|---|---|
| *AUSTRALIA | DOLLAR | ND | 0.6353 | 0.6341 | 0.6393 | 0.6376 |
| BRAZIL | REAL | ND | 5.6880 | 5.7143 | 5.6970 | 5.6976 |
| CANADA | DOLLAR | ND | 1.4189 | 1.4235 | 1.4195 | 1.4196 |
| CHINA, P.R. | YUAN | ND | 7.2786 | 7.2833 | 7.2555 | 7.2501 |
| DENMARK | KRONE | ND | 7.1321 | 7.1684 | 7.1197 | 7.1344 |
| *EMU MEMBERS | EURO | ND | 1.0457 | 1.0406 | 1.0475 | 1.0455 |
| HONG KONG | DOLLAR | ND | 7.7740 | 7.7776 | 7.7753 | 7.7692 |
| INDIA | RUPEE | ND | 86.9600 | 86.9600 | 86.6500 | 86.7000 |
| JAPAN | YEN | ND | 151.7900 | 151.6700 | 149.6300 | 149.4900 |
| MALAYSIA | RINGGIT | ND | 4.4434 | 4.4414 | 4.4269 | 4.4160 |
| MEXICO | PESO | ND | 20.2490 | 20.4428 | 20.3652 | 20.3521 |
| *NEW ZEALAND | DOLLAR | ND | 0.5705 | 0.5701 | 0.5756 | 0.5751 |
| NORWAY | KRONE | ND | 11.1471 | 11.1442 | 11.1212 | 11.1177 |
| SINGAPORE | DOLLAR | ND | 1.3412 | 1.3434 | 1.3348 | 1.3365 |
| SOUTH AFRICA | RAND | ND | 18.3923 | 18.5782 | 18.3474 | 18.3168 |
| SOUTH KOREA | WON | ND | 1438.8300 | 1441.0600 | 1434.7100 | 1434.0600 |
| SRI LANKA | RUPEE | ND | 296.0000 | 296.8000 | 296.0000 | 295.7000 |
| SWEDEN | KRONA | ND | 10.7087 | 10.7539 | 10.6603 | 10.6400 |
| SWITZERLAND | FRANC | ND | 0.9023 | 0.9054 | 0.8993 | 0.8990 |
| TAIWAN | DOLLAR | ND | 32.7300 | 32.7400 | 32.7100 | 32.7500 |
| THAILAND | BAHT | ND | 33.6200 | 33.7700 | 33.5600 | 33.5500 |
| *UNITED KINGDOM | POUND | ND | 1.2614 | 1.2571 | 1.2643 | 1.2647 |
| VENEZUELA | BOLIVAR | ND | 61.9447 | 62.0279 | 62.3544 | 63.0485 |
| Memo: | UNITED STATES | DOLLAR | 1) BROAD | JAN06=100 | ND | |
| 2) AFE | JAN06=100 | ND | 119.7103 | 120.1277 | 119.3711 | 119.4551 |
| 3) EME | JAN06=100 | ND | 137.2570 | 137.6839 | 137.2131 | 137.1707 |
- U.S. dollars per currency unit. ND = No data for this date.
Based on the data from February 21st, the EUR/USD exchange rate is approximately 1.0455. This means that 1 Euro can be exchanged for roughly 1.0455 US dollars. Conversely, to calculate EUR 10 to USD, you would multiply 10 by this exchange rate:
10 EUR * 1.0455 USD/EUR = 10.455 USD
Therefore, based on the Federal Reserve H.10 data from February 21st, 10 Euros would be equivalent to approximately 10.455 US dollars.
Factors Influencing the EUR/USD Exchange Rate
The EUR/USD exchange rate is influenced by a multitude of economic factors, geopolitical events, and market sentiment. Some of the key drivers include:
- Interest Rate Differentials: Differences in interest rates set by the European Central Bank (ECB) and the Federal Reserve (Fed) can significantly impact currency values. Higher interest rates in one region can attract foreign investment, increasing demand for that currency.
- Economic Performance: The relative economic health of the Eurozone and the United States plays a crucial role. Strong economic indicators like GDP growth, employment rates, and inflation figures can strengthen a currency.
- Geopolitical Events: Political instability, trade tensions, and global events can create volatility in the foreign exchange market, impacting the EUR/USD rate.
- Market Sentiment: Overall market perception and investor confidence in the Eurozone and US economies can also influence the exchange rate.
Utilizing the H.10 Data and Staying Updated
The Federal Reserve H.10 report is a valuable resource for tracking foreign exchange rates. By regularly consulting this data, individuals and businesses can stay informed about the fluctuations in the EUR/USD exchange rate and other currency pairs. For the most up-to-date information, it’s recommended to visit the Federal Reserve website directly or utilize financial data platforms that incorporate this report.
Data Download
Last Update: February 24, 2025
