The dollar is sliding, and the euro is taking advantage. The US dollar to euro exchange rate today sits at 1 USD = 0.8747 EUR, a level that reflects both market sentiment and the lingering effects of Trump-era trade policy.

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Current USD/EUR Rate: 1 USD = 0.8747 EUR ·
24-Hour Change: +0.026% ·
Last Updated: 21:16 UTC

Quick snapshot

1Confirmed facts
2What’s unclear
  • Future direction depends on Fed and ECB decisions
  • Trump’s policies may not be fully implemented
3Timeline signal
  • Dollar fell 2.6% since start of 2026 (DW data)
  • Euro reached $1.20 in late January 2026, first time since 2021 (DW timeline)
4What’s next

Four data points tell the story: the euro is gaining, the dollar is losing, and the market is watching for the next move.

Label Value
Current Rate 1 USD = 0.8747 EUR
24-Hour Change +0.026%
Source European Central Bank
Last Update 21:16 UTC

The pattern: official ECB rates are the benchmark, while real-time market rates from Trading Economics or XE reflect actual trading.

How much is $100 Dollar to euro today?

Current USD/EUR Rate

The European Central Bank sets a daily reference rate for the USD/EUR pair. On 10 July 2026, the ECB’s reference rate was 1 EUR = 1.1430 USD (European Central Bank reference rates). That means 1 USD equals roughly 0.8747 EUR. Trading Economics reported a slightly different market rate of 1.1411 on the same day (Trading Economics live market data).

To convert dollars to euros, multiply the dollar amount by the rate. For $100: 100 × 0.8747 = 87.47 euros. That’s the mid-market rate — what you’ll actually get depends on fees and margins.

The implication: the mid-market calculation is your baseline, but the final amount depends on your provider’s markup.

How to Convert Dollars to Euros

Banks and currency exchange services add a markup to the mid-market rate. Always check the total cost. Services like Wise, Revolut, and XE offer near-mid-market rates with transparent fees. Avoid dynamic currency conversion at ATMs or point-of-sale terminals — it typically adds 3–5% to the cost.

The trade-off

Using a bank for a $100 conversion might cost you 2–3 euros extra in fees compared to a specialist service. For larger amounts, the difference can be substantial.

Where to Find the Best Exchange Rate

For the best deal, compare at least three sources. The pattern: official ECB rates are the benchmark, but real-time market rates from Trading Economics or XE reflect actual trading.

The catch: no single source guarantees the best rate — you must shop around based on your transaction size and timing.

Is the euro getting stronger against the US dollar?

Recent EUR/USD Performance

The euro has gained ground in 2026. DW reported that the dollar fell 2.6% since the start of the year, and the euro reached $1.20 in late January — its first time at that level since 2021 (DW analysis). By July, the euro was trading around $1.14–1.15.

On 11 June 2026, the euro rose 0.42% to $1.15820 after the dollar weakened following President Trump’s decision to call off military strikes on Iran (Reuters report). That single event moved the pair by nearly half a percent.

Key Drivers of the Euro’s Strength

  • ECB monetary policy: The European Central Bank has maintained a relatively hawkish stance, keeping interest rates higher than the Fed’s, which attracts capital to the euro.
  • Economic growth divergence: Eurozone economic data has recently surprised to the upside, while US growth has slowed.
  • Geopolitical risk: The dollar often weakens when the US is perceived as a source of policy uncertainty.
Why this matters

For anyone holding dollars and buying euros, the euro’s strength means your dollar buys less than it did a year ago. A 3% move translates to 3 fewer euros per $100 — real money for travelers and investors.

Comparing Euro and Dollar Trends

Reuters poll medians show the euro at $1.16 by end-September 2026, $1.17 at year-end, and $1.18 a year from now (Reuters FX strategist poll). That’s a gradual strengthening, not a surge. But one-third of surveyed strategists expected the euro to stay flat or edge down over the next three months — so the consensus is not unanimous.

The implication: the euro is likely to hold its gains or rise modestly, but the path will be bumpy because it depends on central bank decisions that haven’t been made yet.

Bottom line: What this means: anyone converting dollars to euros should expect the trend to persist, but prepare for sudden reversals tied to policy surprises.

Why is USD falling?

Fed Policy and Interest Rates

The Federal Reserve has cut interest rates multiple times in 2025–2026, making the dollar less attractive to yield-seeking investors. Lower rates reduce the return on dollar-denominated assets, prompting capital to flow elsewhere. The J.P. Morgan Global Research team noted that currency volatility is elevated because of the widening gap between Fed and ECB policy stances (J.P. Morgan currency research).

Economic Data and Market Sentiment

After strong US GDP data in early 2026, the mood shifted. DW reported that the dollar fell 1.3% against a basket of currencies in a single trading session as investors grew concerned about President Trump’s trade policies (DW analysis). Market sentiment now leans bearish on the dollar, with the DXY index falling to 99.64 on 11 June 2026 (Reuters dollar index report).

Global Factors Affecting the Dollar

  • Trade deficits: The US runs a persistent trade deficit, which puts downward pressure on the dollar over time.
  • Geopolitical uncertainty: Political risk — from tariffs to military tensions — undermines confidence in the dollar.
  • Competing currencies: The euro and other major currencies are gaining appeal as alternatives.

The catch: while the dollar is weak now, some Trump policies — like tax cuts and deregulation — could eventually strengthen it. But the market is currently pricing in the negatives.

The implication: investors who bet on a weaker dollar must account for the possibility that pro-growth policies could reverse the trend.

Why does Trump want a weaker U.S. dollar?

Trump’s Trade Policy Goals

President Trump has repeatedly expressed a preference for a weaker dollar, arguing it makes US exports cheaper and helps close the trade deficit. A weaker dollar benefits American manufacturers by making their goods more competitive abroad. Deutsche Welle noted that analysts linked the dollar’s decline specifically to investor concerns over Trump’s policies (DW analyst commentary).

Impact on Exports and Manufacturing

When the dollar weakens, a US-made product priced in dollars becomes cheaper for foreign buyers. For example, a $10,000 machine from a US factory costs €8,747 at the current rate, but if the dollar falls another 5%, it costs €8,310 — a big saving for European buyers. That’s the logic behind the “weak dollar policy.”

Historical Context of Dollar Weakness

Other presidents have also backed a weaker dollar. The Plaza Accord of 1985 was a coordinated effort to devalue the dollar against the yen and Deutsche mark. But Trump’s approach is more unilateral — using tariffs and policy uncertainty to push the dollar down. The risk is that it backfires: a weaker dollar also raises import costs for US consumers and can fuel inflation.

The paradox

Trump’s tariff policies, intended to protect US industry, also create uncertainty that weakens the dollar. That uncertainty hurts the very manufacturers he wants to help by making imports more expensive and raising costs for US businesses.

What this means: the dollar’s direction is tied to the success of Trump’s trade agenda. If the policies are perceived as growth-friendly, the dollar could rebound. If they’re seen as chaotic, the weakness continues.

Is now a good time to buy USD with EUR?

Current Market Conditions

At 1 USD = 0.8747 EUR, the dollar is near its weakest level against the euro in two years. The trend is clearly in the euro’s favor. Most FX strategists expect the dollar’s rebound to fade, according to Reuters (Reuters FX strategist poll). J.P. Morgan forecasts EUR/USD between 1.13 and 1.15 over the next three quarters (J.P. Morgan currency research).

Forecast and Expert Opinions

J.P. Morgan’s specific path: 1.17 in June, 1.15 in September, 1.14 in December, 1.13 in March. That implies the dollar slowly regaining some ground — but not much. The median of Reuters polled strategists puts the euro at $1.16 by end-September, $1.17 by year-end, and $1.18 a year out. That’s a mild weakening of the dollar, not a reversal.

Risk Considerations

  • Central bank surprises: If the Fed holds rates higher than expected, the dollar could strengthen sharply.
  • Geopolitical events: A sudden escalation could push the dollar higher as a safe haven.
  • Policy execution risk: Trump’s policies may not be fully implemented, creating uncertainty.

The trade-off: buying dollars with euros now means locking in a historically weak dollar. If the dollar continues to fall, you’ll regret not waiting. But if it stabilizes or rises, you’ll wish you had bought now.

Bottom line: The implication: the consensus suggests a gradual dollar recovery, but the margin is small so timing decisions carry real cost.

Upsides

  • Euro is strong now, so buying dollars gives you more euros per dollar if the dollar recovers.
  • Forecasts show the dollar may stabilize, offering a potential entry point.
  • Using limit orders can lock in favorable rates.

Downsides

  • The dollar is in a clear downtrend — buying now could mean catching a falling knife.
  • Most experts expect further weakness, not strength.
  • Transaction fees and spreads eat into any potential gain.

What’s clear and what’s not

Confirmed facts

  • Current USD/EUR rate is 0.8747
  • The dollar has weakened in recent weeks, with the DXY index at 99.64 (Reuters)

What’s unclear

  • Future direction depends on Fed and ECB decisions yet to be made
  • Trump’s policies may not be fully implemented — the impact on the dollar is uncertain

Summary

The dollar is weak, the euro is strong, and the main driver is policy uncertainty from the Trump administration. For anyone holding euros and looking to buy dollars, the current rate offers a historically cheap dollar — but the trend is against it. The safest move: wait for a clearer signal from the Fed or a policy surprise that could strengthen the dollar. US travelers heading to Europe must budget for a weaker dollar and lock in rates when they can.

Additional sources

ecb.europa.eu, litefinance.org, global.morningstar.com, ecb.europa.eu, chathamhouse.org

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Frequently asked questions

How often does the USD/EUR exchange rate change?

It changes constantly in the forex market — every second during trading hours. The ECB publishes a fixed reference rate once per business day. For real-time quotes, use services like Trading Economics or XE.

What is the best way to convert US dollars to euros?

Use a specialist provider like Wise, Revolut, or XE for near-mid-market rates. Avoid banks and airport kiosks, which add large markups. Always compare the total cost including fees.

Are there fees for converting USD to EUR?

Yes. Banks typically charge a 1–3% markup plus a flat fee. Specialist services charge 0.5–1% in spreads. Dynamic currency conversion at ATMs adds 3–5%. Always choose to be charged in the local currency.

What time of day is the exchange rate most favorable?

There is no consistently “best” time. Rates are most volatile during overlapping trading sessions (London/New York, 8:00–12:00 EST). Use limit orders to target a specific rate.

How does the European Central Bank affect the euro value?

The ECB sets interest rates, which influence capital flows. Higher rates attract investment and strengthen the euro. The ECB’s quantitative easing or tightening also affects the money supply and the euro’s value.

Is the dollar expected to rise again?

Most strategists expect the dollar to remain weak or strengthen only slightly. J.P. Morgan forecasts a gradual recovery, but the consensus is that the dollar’s rebound will be limited as long as Fed policy remains dovish and trade uncertainty persists.

How much is $100 Dollar to euro today?

At the current mid-market rate of 0.8747, $100 converts to 87.47 euros. Actual amount received depends on the provider’s fees and spread.

Why is USD falling?

The dollar is falling because of Fed rate cuts, trade policy uncertainty, a large trade deficit, and geopolitical risks. The market is pricing in a weaker dollar environment.