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What is the value of EUR (Euro) / USD (US Dollar) on Monday May 25, 2020

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Get the latest mid-market rate for EUR (Euro) / USD (US Dollar) for Monday May 25, 2020 right here. 

The latest rates for EUR (Euro) / USD (US Dollar)  are available below. As a leading finance news site the team at Born2Invest collates and analyses the latest Forex Market data to bring you live information to help you make the right forex trading decisions. 

Monday May 25, 2020 1 EUR (Euro) is worth 1.090867 of USD (US Dollar) 

Remember to always trade with a reputable broker. It’s also possible to apply forex concepts to cryptocurrency trading.

Forex pairs explained

Forex trading is risky and complicated. There are countless pairs to choose from and it’s easy for a novice trader to become overwhelmed. Information is power and Born2Invest has curated some beginners forex trading tips to help you get started.

Currency pairs are the foundation of forex trading. Whenever you purchase one currency you sell another. Every pair has a base currency, in this example EUR (Euro) and a quote currency, or USD (US Dollar).

A currency pair represents how much quote currency, or USD (US Dollar), that needs to be spent in order to purchase one unit of EUR (Euro), the base currency. In the current example you would need to spend 1.090867 of USD (US Dollar) in order to purchase 1 EUR (Euro).

The three types of forex pairs

Forex pairs can be broadly separated into three categories; the majors, the commodity currencies, and the cross currencies:

  • Major currencies are the most traded currencies on the market. Which currencies make the cut will vary, but almost all lists will include EUR/USD, USD/JPY, GBP/USD, and USD/CHF
  • Commodity currencies are currency pairs where their value is closely tied to a commodity such as oil, coal, or iron ore. Examples include AUD/USD and USD/CAD
  • Cross currencies are currency pairs which don’t include USD. Examples include EUR/GBP and EUR/JPY.

Is cryptocurrency trading the same as forex trading?

Cryptocurrencies share many aspects with forex trading, namely the concept of currency pairs and high volatility but there are some key differences. Cryptocurrencies aren’t currencies persae, and are usually traded against Bitcoin, which takes the role of USD on many exchanges.

It is also difficult to trade cryptocurrency outside of exchanges and there is more security risk than trading with a registered broker. One way around this is to use a CFD broker which enable traders to purchase contractors for specific amounts of crypto, without directly owning it.

Want to learn more about forex trading?

We are currently building a comprehensive forex and crypto trading class, sign up using the form below to be the first to get world-class forex trading tips.

You can also check back on born2invest every day to make sure you know the latest forex rates and for breaking business and finance news designed to help you make the best investment decisions.