How many dollars does the euro cost today, November 28?

Euro is the currency
The Euro is the currency of the European Union and its symbol is €. (Jesus Aviles/Infobay)

behavior Exchange rate between euro and dollar It continues to attract the attention of analysts and financial markets. Factors such as monetary policy Federal Reserve and European Central BankCombined with trade tensions and macroeconomic indicators, they directly affect the price of both currencies.

Currently, the US dollar is facing a series of external pressures that contradict the current situation Relative economic stability For the European region, which generates significant movements in the exchange markets.

In this note we share the recent behavior of the EUR/USD cross, with the most relevant data at the close on November 28.

Euro, also called currency
The euro, also called the single currency, is the official currency of the European Union. (Infobae archive/agencies)

The last Market quote of foreign exchange placed The US dollar is at 0.8628 euros.

This exchange rate is a thermometer for Global economyThis affects not only trade relations between Europe and the United States, but also the investment decisions of citizens seeking to exchange their currencies for travel or other types of amenities.

Specialists in this field analyze the monetary policies of both economic regions and anticipate movements that may affect them stability Economic growth in the two regions.

Euro is the currency
The euro is the official currency of twenty countries in the European Union. (Infobae archive/agencies)

The European Commission highlighted in its latest spring 2025 report that the region’s economy started on a more solid footing than expected, and is expected to maintain a moderate pace in the remainder of this period with a recovery expected in 2026, despite the uncertainty in global markets and trade tensions.

The ongoing disinflation process is expected to advance steadily, after moderating to 2.4% in 2024, and euro area inflation is expected to reach the ECB’s 2% target for this year and maintain this trend in 2026.

Global markets are still awaiting the trade policies of the United States, most notably the imposition of tariffs promoted by the Donald Trump administration on its major trading partners.

The European Commission determined that although the increase in tariffs shifts US demand from imports to domestically produced goods, it also acts as a negative supply shock, because it makes foreign goods more expensive for US households and businesses.

The single European currency has a history that represents one of the world’s greatest achievements of economic and monetary integration European Union. Its creation was a multi-decade process that began with Rome Treaties of 1958, Which laid the foundations for deeper European economic cooperation. However, it was not until the 1990s when it was done Economic and Monetary Union (EMU)with approval Maastricht Treaty In 1991, which established the conditions for a single currency.

European Central Bank (ECB) It was created in June 1998 as an institution responsible for managing currency and monetary policy in the euro area. On January 1, 1999, the euro entered circulation in electronic and accounting form, replacing the old one European monetary unit Ratio 1:1. This initial period was followed by the introduction of banknotes and coins on 1 January 2002, when twelve EU countries officially began using the euro as legal tender, marking a historic change for over 300 million Europeans.

since then, Eurozone It has expanded with new countries adopting the common currency, including… Greece in 2001 and arriving in Croatia in 2023, the last country to integrate. Throughout its history, the euro has been managed by the European Central Bank, whose main objective has been to maintain price stability and oversee monetary policy to ensure the economic health of the region.

This currency represents unprecedented progress in European cooperation seeking economic stability and political union. According to official reports issued by the European Central Bank, specifically designed to maintain its value and stability, the currency remains an essential pillar of economic integration and a symbol of the unity of the eurozone member states.