Euro to U.S. dollar annual average exchange rate 1999-2019

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 and covers the period from the introduction of the euro in 1999 (non-physical) up until 2019. 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.

Establishment

The euro, which was established in 1992, introduced in non-physical form in 1999 and finally rolled out in 2002, is used by 19 of the 27 member states of the European Union. This group of 19 countries is otherwise known as the eurozone or euro area. By 2018, the total value of euro currency in circulation was almost 1.2 trillion euros, or over 3.4 thousand euros per capita.

Euro to USD

Between 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 2019, this value had decreased overall, to a value of 1.12 which meant that one euro could buy 1.12 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.

Euro (EUR) to U.S. dollar (USD) annual average exchange rate from 1999 to 2019

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Source

Release date

2019

Region

Europe

Survey time period

1999 to 2019

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Statistics on "The Euro currency"

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