So, 1,000,000,000 Euros is equal to 1,147,100,000 Dollars now, yesterday it was 1,148,800,000 Dollars.

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It means that 1,000,000,000 Euros would be exchanged come 1,147,100,000 Dollars due to the fact that the current market exchange rate is 1.1471.


November 11, 2021 8:10 pm

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1.1471-0.15%


However normally you pay some commission fee because that your money exchange. The fee different from 0.1% to 5%. Normally the board of directors is surprise in the exchange rate provided by bureau, banks, etc. Thus the exchange price for you will be slightly different from the stated above.

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Live EUR to USD price ← Click here

EUR come USD conversion because that EUR amounts: 1, 50, 100, 500, 1000, 5000, 10000, 50000, 1 Million and 1 Billion.

More pairs: EUR-USD, USD-EUR, GBP-USD, USD-INR, EUR-INR, GBP-INR, USD-PKR, USD-PHP.

Why space exchange prices changing?

Currency graphs have been hyperactive v high jumps and low dips lately. This fluctuation is normal and also is administrate by supply and demand. Money exchange entails the buying and selling the the world"s monies vis-à-vis any type of other commodity. If the require for a details country"s money is high, the high demand leads to a greater forex rate, and also vice versa.

But the demand and also supply the the world"s currencies are influenced by countless other factors.

Just prefer the demand and also supply the oil is influenced by the number of vehicles top top the roadway or the technological efficiency in the production of that oil, money has comparable determinants. They variety from financial policies to politics and also other factors that influence the economy.

Changing inflation rates

Inflation prices are direct indicators that the purchasing strength of a country"s currency. If the inflation rate is high in her country, you can need more money come buy a cup that coffee currently than you did critical year. If it is low, the very same cup the coffee will expense surprisingly lower.

High inflation rates show a weakening economy, while low inflation rates denote a increase economy. Currency values rise when the inflation price is lower, and the economic climate is stronger. They fall when inflation rises.

Different politics climates

Economy and politics are tied in ~ the hip. Bad political temperatures have the right to lead to the weakening the a country"s currency and cause it to profession for less in the forex market. That is why you discover that 1 USD can be precious thousands in nations with unstable politics from Venezuela come Zimbabwe. As soon as politics is bad, that destroys the business environment and also productivity, bring about a weaker economy.

Politically sound countries, top top the various other hand, have actually an encouraging atmosphere for investors and innovators. Their economic situation gets stronger, and also the need for their currencies increases. However, even politically stable nations can have rapid transforms in exchange rates as soon as nearing an election.

Changes in interest rates

Higher interest rate is another investor magnet. Let"s say nation A has actually a greater interest rate than nation B. Lenders obtain high rates and also investors room guaranteed a greater return on their investments in nation A. This country will, therefore, attract an ext business indigenous the outside and entrepreneurship from the within than nation B which has actually lower interest’s rates. The economic climate of nation A will certainly outperform that of country B, and also it will check out its money value evaluate significantly.

Exports and also imports

International trade affects the balance the trade in between country A and B. It reflects interest, dividend, and also earnings make from the exchange of goods in between those two countries. Country A would have a deficit that its buying an ext of country B"s products.

This nation would spend more currency 보다 it receives native trading with nation B. The excess demand for country B"s currency drives increase its value since it beginning to come to be scarce. ~ above the other hand, nation A"s money value will begin to decline because the people is oversupplied through it.

Domestic and international debt

Countries that run on a deficit budget spend an ext than they make (collect in taxes). These countries often turn to inner or worldwide borrowing to to fill the gap in their finances and also stimulate the economy.

However, that deserve to lead to a enormous public debt the discourages foreign investors and also domestic entrepreneurs because huge public blame drives up inflation and also minimize return on investment. The economic situation of such a country takes on a downturn. The eventuality leader to a weaker currency and a reduced exchange rate.

Health risks, epidemics, and public fear

Much that the whipsawing at this time happening in the Forex industry is connected to the coronavirus. Health catastrophes like this wreak destruction to a country"s economy and also make it difficult to work. A many resources are directed towards the health and wellness issue, while other locations of the economic climate suffer.

Productivity is hugely impacted.

When it concerns ailments prefer influenza, malaria, and HIV AIDs, occurred countries, have created better response strategies and lowered their epidemic rates. These countries boast of much better economies as a result, and greater exchange rates in the Forex market.

But because that a new epidemic the is affect all components of the civilization equally, exchange rates are dropping and also rising based on individual country"s solution measures, death tolls, and also progress in arising a cure vaccine.

See more: Calories In Mcdonalds Fruit And Yogurt Parfait Nutrition Facts

The takeaway

Countless factors impact the demand and supply the a country"s currency and also in turn, the exchange rate. It all boils down to economic productivity and stability. Countries with more powerful or strengthening economic climates will have actually a greater exchange price (you will certainly buy much more foreign currency with your money) compared to countries with weaker or weakening economies.