EUR USD (Euro to Dollar)

Euro to U.S. dollar (EUR USD) - Most popular forex pair, representing the world's two largest currencies.

Technical Analysis EUR USD

Trade Forex CFDs with Plus500

Trade the most popular forex pairs like EUR/USD, GBP/USD and EUR/GBP at Plus500. Use our advanced trading tools to protect your profits and limit losses. Trade forex with up to 1:30 leverage. With as little as £100 you can gain the effect of £3,000 capital! Use our trading tools such as Stop Loss, Stop Limit and Guaranteed Stop to limit losses and lock in profits. Get FREE real-time forex quotes and set indicators to easily analyse charts.

What is Forex and how does Forex trading work?

Forex trading (also commonly known as Foreign Exchange, currency or FX trading) is a global market for trading one country’s currency in exchange for another country's currency. It serves as the backbone of international trade and investment: imports and exports of goods and services; financial transactions by governments, economic institutions or individuals; global tourism and travel – all these require the use of capital in the form of swapping one currency for a certain amount of another currency.

When trading Forex CFDs, you are essentially speculating on the price changes in their exchange rate. For example, in the EUR/USD pair the value of one Euro (EUR) is determined in comparison to the US dollar (USD), and in the GBP/JPY pair the value of one British pound sterling (GBP) is quoted against the Japanese yen (JPY).

If you think the exchange rate will rise you can open a ‘Buy’ position. Conversely, if you think the exchange rate will fall you can open a ‘Sell’ position.

To see a full list of currency pairs offered by Plus500, click here.

How do you start trading Forex CFDs?

To start trading commodities with Plus500, simply:

  1. Sign up / Log in to your account.
  2. Search for the instrument you want to trade.
  3. Click the 'Buy' or 'Sell' button depending on the direction you think the commodity will move.
  4. Open a trade.

Euro to Dollar. EUR USD

EUR USD - most liquid pair of FOREX. 1/3 of all transactions in the foreign exchange market. EUR USD - the currency pair, the base currency in which the euro and the US dollar quoted. The course of this pair determines how many dollars you have to pay to buy one euro. For example, the quotation EUR USD 1,3200 means that for one Euro you have to pay 1.32 Dollar.

The Euro (currency sign - , the banking code: EUR) - the official currency of 19 countries of the "euro zone" (Austria, Belgium, Germany, Greece, Ireland, Spain, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Portugal, Slovakia , Slovenia, Finland, France, Estonia). The euro was introduced in non-cash circulation on 1 January 1999 and 1 January 2002 were introduced into cash circulation banknotes and coins. The euro replaced at a ratio of 1:1 European Currency Unit (ECU), which was used in the European Monetary System from 1979 to 1998.

Dollar United States (currency sign - $, the banking code: USD) - monetary unit of the United States, one of the major reserve currency of the world. More than 80% of world trade is calculated in US dollars. All federal US banknotes, issued since 1861, are still legal tender.

Quotes of the EUR USD are sensitive to fundamental factors. Value of the euro to dollar depends on the monetary policy of the United States Federal Reserve and the European Central Bank, as well as the interest rate differential between the FRS and the ECB. The overall economic situation in the US and the EU, reporting of large corporations, the dynamics of commodity and product markets affect the trading pair EUR USD. EURUSD has historically correlated with the value of gold, as the precious metal has an inverse correlation with the dollar price.