US Dollar (USD)
British Pound (GBP)
Japanese Yen (JPY)
Swiss Franc (CHF)
Canadian Dollar (CAD)
Australian Dollar (AUD)
To Euro (EUR)
From Euro (EUR)
Understanding Historical Euro Exchange Rates
The Euro (EUR) was introduced as an accounting currency on January 1, 1999, and physically entered circulation in 2002. Since then, it has become one of the most traded currencies in the world, often serving as a primary reserve currency alongside the US Dollar.
Historical exchange rates are essential for businesses conducting audits, travelers calculating past expenses, and investors analyzing historical asset performance. Because exchange rates fluctuate daily, this calculator utilizes annual average exchange rates to provide a representative conversion for a specific year.
Why Use Historical Rates?
Taxation: Reporting foreign income or assets often requires converting values using the exchange rate effective on the date of transaction or the yearly average.
Travel Planning: Comparing how much a trip to Paris would have cost in 2005 versus today.
Financial Analysis: Understanding the impact of currency volatility on long-term international investments.
Historical Data Snapshot
Year
USD per 1 EUR
GBP per 1 EUR
Key Event
2008
1.47
0.80
Global Financial Crisis
2015
1.11
0.73
ECB Quantitative Easing
2022
1.05
0.85
Energy Crisis / Parity with USD
How the Calculation Works
To convert from a foreign currency to Euros, we divide the amount by the exchange rate of that year (Amount / Rate). Conversely, to see how many units of a foreign currency you would get for your Euros, we multiply the Euro amount by the rate (Amount × Rate).
Example: In 2008, the average rate for USD was 1.47. If you had $1,470 USD, it would be worth approximately €1,000. By 2023, with a rate of 1.08, that same $1,470 would be worth roughly €1,361, illustrating the Euro's changing purchasing power.