The pair of currencies - USD=US dollar, EUR=euros - is quoted as 1 USD x EUR. If the pair is trading at 1.2, it means it takes 1.2 EUR to buy 1 USD. The higher this rate from a US perspective, the stronger the US dollar to the other currency. The EUR is a free floating currency, so its value isn’t pegged to the USD. The USD to EUR exchange rate was 1.05 on November 29, 2024.
See for yourself how our web-based terminal experience provides the analysis and insight you need—and go beyond with our future-focused tools for stock picking, screening, and charting, including the predictive power of the Zacks Rank.