About This Statistic
This statistic displays the annual exchange rate (average or standardized measure) of the euro to the U.S. dollar (EUR USD), according to the data from the European Central Bank, which cover the period from the introduction of the euro in 1999 up until 2016. The average (standardized) measure is based on the calculation of many observations throughout the period in question. It is therefore different than an annual measure at point in time, which reflects concrete values as of end of the year. Between the years of 2001 and 2008, the average annual exchange rate of the euro to the U.S. dollar noted a steep increase. In 2008, the euro to U.S. dollar annual average exchange rate was equal to 1.47, which meant that one euro could buy 1.47 U.S. dollars. By 2016 this value had decreased overall, to a value of 1.11 which meant that one euro could buy 1.11 U.S. dollars. Similar dynamics in the euro to U.S. dollar exchange rate were also reflected in the monthly exchange rate in recent years.