As of July 24, 2015, Bloomberg Business noted the exchange rate between euros and United States dollars was approximately 1.098. This rate means that 1,000 euros and 1,098 U.S. dollars represent equivalent amounts of money.
Currency exchange rates are continuously changing, so it is necessary to use a regularly updated financial news resource such as Bloomberg to verify current rates before executing a conversion transaction. Significant variations in the value of currencies occur over days, months and years. When examining the historical euros to U.S. dollars exchange rate over five years, one may observe that the rate exceeded 1.40 in 2011 and fell to near 1.05 early in 2015.