RateCheck

USD to EUR — compare your quote with the mid-market rate

US Dollar → Euro

The USD/EUR corridor is the world's most-traded currency pair. Most banks add a 1–3% markup over the interbank mid; airport kiosks are commonly 6–10% from it. Enter the rate you've been offered to see the gap as a percentage and an amount.

Live rates unavailable — showing reference data. The gap shown may differ from the live figure; try again shortly.
Recipient gets at the mid-market rate
877.40EUR
For 1,000 USD · 1 USD = 0.8774 EUR
Enter the rate you were quoted above to see the gap from the mid-market rate.
Spot mid source: fallback · Indicative only

About the USD/EUR pair

This page shows today’s wholesale USD/EUR mid-market rate beside the rate a bank, broker, or kiosk has quoted you. The result is the gap between the two, as a percentage and an amount, in four tiers: under 0.3%, 0.3–1%, 1–3% and over 3% of the amount. The mid-market rate is the rate banks trade at, not a rate you can transact at directly — providers add their margin on top, and that margin is the gap RateCheck shows.

Who sends money on this route

Dollars move into euros for business and for life. US firms pay suppliers in Germany, Italy and the Netherlands, and settle invoices for machinery, wine and fashion in euros.

American retirees and second-home owners in Spain, Portugal and France fund living costs and mortgages each month. US students pay tuition and rent in euros, and northern-summer tourism adds a large seasonal flow.

What moves USD/EUR

The Federal Reserve and the European Central Bank set the two policy rates. When one moves and the other holds, the interest-rate gap between the dollar and the euro shifts, and the pair tends to follow.

The US releases that matter most are the monthly jobs report, the consumer price index and each Fed decision. For the euro, the flash inflation estimate, the purchasing managers' surveys and the ECB press conference carry the most weight.

EUR/USD is the most liquid pair in the world, trading around the clock with very narrow wholesale spreads. It reacts to risk sentiment and to relative growth between the two economies.

How to read a quote

The mid-market rate is the midpoint of the wholesale market at a given moment. A provider's customer rate sits below that midpoint when converting dollars to euros, and the gap is the provider's margin.

Retail bank margins on international transfers are commonly a few per cent of the amount sent, while specialist providers often price under one per cent. A separate transfer fee can sit on top, so a low fee with a wide rate gap may cost more than the reverse.

Common questions

How far is my USD/EUR quote from the mid-market rate?+
Compare the rate you've been quoted with the live mid-market USD/EUR rate — the wholesale rate banks trade at. RateCheck shows the gap as a percentage and an amount, in four tiers: under 0.3%, 0.3–1%, 1–3% and over 3% of the amount.
How much do banks and brokers charge to convert US dollar to euro?+
Retail bank margins on international transfers are commonly a few per cent; specialist providers are often under one per cent. The margin is built into the exchange rate, usually on top of any fixed transfer fee, and is rarely shown separately. RateCheck shows it as the gap between your quote and the mid-market USD/EUR rate.
Is the mid-market USD/EUR rate the rate I'll actually get?+
No. The mid-market (interbank) rate is the wholesale reference; providers add their margin on top. It's the rate the gap is measured from, not a rate you can transact at directly.
Why does my bank's USD to EUR rate differ from the rate in the news?+
The rate reported in the news is the wholesale mid-market rate. Banks and transfer companies add a margin to that rate before offering it to customers. The difference between the two numbers is what the conversion costs, whether or not a separate fee is shown.
Is EUR/USD the same as USD/EUR?+
They describe the same exchange, viewed from opposite sides. EUR/USD tells you how many dollars one euro is worth, and USD/EUR is its reciprocal. The mid-market rate is identical either way; only the direction of the quote changes.
Are there fees on the euro side of a dollar transfer?+
Sometimes. A receiving bank in the euro area may apply its own charge, particularly if the transfer arrives through correspondent banks. Transfers sent in euros are not converted again at the receiving end.

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