USD To ZAR: Convert United States Dollar to South African Rand

The US Dollar was never worth more than the Euro in the past 180 days. Live tracking and notifications + flexible delivery and payment options. To view rates between the US Dollar and the Euro for a particular year, click on one of the links below. The USD/EUR rate is down -1.48% in the six months.

• Throughout the summer of 2015, the euro rose to $1.10 as it appeared the economy was strengthening.
• “With a stronger dollar that’s helping offset the cost of airfare and hotel room rates about 10- to 20% cheaper.
• Data may be intentionally delayed pursuant to supplier requirements.
• The dollar briefly overtook the euro’s value from 2000 to 2002.
• You can send a variety of international currencies to multiple countries reliably, quickly, and safely, and at a rate cheaper than most banks.

The markets calmed down after realizing that Brexit would take years. The euro rose to $1.13 on August 23, then fell to its 2016 low of $1.04 on December 20. Italy’s presidential election increased the risk that its banks would not regain their health lost in previous years.

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The euro ended the year a little lower at $1.09. Check live rates, send money securely, set rate alerts, receive notifications and more. The other option is to do the calculation manually using a simple mathematical formula. However, in order to do this, you need to know the current exchange rate.

The dollar briefly overtook the euro’s value from 2000 to 2002. As a result, the euro fell to a low of $1.13 on August 15. It rose a little after a few months, ending the year at $1.14 on December 28. Others may read the same data and decide that the value of the currencies will decline instead—these traders begin to bid the price down. Keep in mind that exchanging currency often comes with added fees that a conversion calculator won’t be able to predict.

For instance, credit card companies and ATM networks usually charge a 1% conversion fee on all foreign transactions. Individual merchants may also charge supplemental fees if you ask them to convert the price of an item to your home currency at checkout. Calculating a conversion from dollars to rand is fairly simple. You can use a currency calculator or do it by hand. These percentages show how much the exchange rate has fluctuated over the last 30 and 90-day periods. These are the lowest points the exchange rate has been at in the last 30 and 90-day periods.

The resulting number will show you the amount of rands that you have to spend on your trip. We give you the real rate, independently provided by Reuters. Compare our rate and fee with Western Union, ICICI Bank, WorldRemit and more, and see the difference for yourself. Euros are worth more than dollars, and they have been since 2002.

US Dollar (USD) To Euro (EUR) Exchange Rate History

At the time of writing, $1 USD is worth R18 10 ZAR. If you’re planning a trip to South Africa in the near future, you may want to exchange some of your money into rand, the country’s official currency. The international symbol for the currency is ZAR. Banks and other transfer services have a dirty little secret. They add hidden markups to their exchange rates – charging you more without your knowledge. In May, the euro plummeted to $1.24 as the Greek debt crisis worsened.

• It fell back just as fast as the interest rates on Spanish and Italian bonds rose to an unsustainable 7%.
• These percentages show how much the exchange rate has fluctuated over the last 30 and 90-day periods.
• Check live rates, send money securely, set rate alerts, receive notifications and more.
• Since the euro’s launch on January 1, 1999, it has spent less than two years valued at less than a dollar.

“Going to Europe looks a lot cheaper to Americans compared to last summer,” Zandi said. “With a stronger dollar that’s helping offset the cost of airfare and hotel room rates about 10- to 20% cheaper. The ECB lowered its interest rate to 0.25% on November 7, 2013, in response to fears of deflation.

Historical rate tables

These are the highest points the exchange rate has been at in the last 30 and 90-day periods. Zandi expects the dollar’s strength against the euro to last for a year or two. Despite this volatility, the EU allows the euro’s value to be decided by the forex market. Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes. Data may be intentionally delayed pursuant to supplier requirements. All figures are mid-market rates, which are not available to consumers and are for informational purposes only.

This means the US Dollar has decreased in value compared to the Euro. To view rates between the Euro and the US Dollar for a particular year, click on one of the links below. The EUR/USD rate is up +1.50% in the last six months. This means the Euro has increased in value compared to the US Dollar. Need to know when a currency hits a specific rate?

On November 13, 2022 the Official EUR to USD Exchange Rate:

We monitor global events and FX markets day and night, so you don’t have to. “if you’re an importer, the strength of the dollar is a good thing, but it’s a bad thing globally,” Zandi said. “Like, in Europe, or in the U.K., Australia, even Canada, you have to pay for more U.S. goods coming in. It adds more to the global inflationary problems.”

Since the euro’s launch on January 1, 1999, it has spent less than two years valued at less than a dollar. The euro peaked on April 22, 2008, with an exchange rate of $1.60. High euro-to-dollar exchange rates mean that your dollar could purchase more in the European Union, while a low rate means you would purchase less there. The European Union (EU) is a political union of 27 countries that agree to abide by certain rules and use the euro as currency. As with nearly all currencies, the euro is able to be converted to other currencies based upon the value of each currency being considered. We partner with leading data providers to bring you the latest and most accurate prices for all major currencies, cryptocurrencies and precious metals.

The euro’s value is affected by the many circumstances of its members. The policies of the United States influence the euro as well. In https://g-markets.net/helpful-articles/the-bull-flag-pattern-trading-strategy/ 2015, some analysts predicted the euro would fall to parity. The Euro was always worth more than the US Dollar in the past 180 days.

On March 12, 2015, the ECB started buying the bonds. The euro fell to a 12-year low of $1.05 on March 13. Throughout the summer of 2015, the euro rose to $1.10 as it appeared the economy was strengthening. You can send a variety of international currencies to multiple countries reliably, quickly, and safely, and at a rate cheaper than most banks. Banks often advertise free or low-cost transfers, but add a hidden markup to the exchange rate. Wise gives you the real, mid-market, exchange rate, so you can make huge savings on your international money transfers.

The euro rose for a brief while to $1.27 on June 20. It fell back just as fast as the interest rates on Spanish and Italian bonds rose to an unsustainable 7%. The crisis was soon averted and by December 31, it had risen to $1.32.

It rose for a brief time as EU leaders met to resolve what had then become the eurozone crisis. Using a currency conversion calculator is often the easiest way to get an estimate when you’re converting currency. Since exchange rates fluctuate on a daily basis, using a calculator can ensure your math is correct. These are the average exchange rates of these two currencies for the last 30 and 90 days.