What's the cheapest way to send EUR to India or the Philippines?

Wise, Remitly and Instarem typically offer the best EUR→INR and EUR→PHP rates, with markups under 1%. Avoid high-street banks unless you have a fee-free wire benefit, as their FX spreads can exceed 4%.

Are remittances from the Eurozone taxed?

Personal remittances from EU countries to family abroad are generally not taxable for the sender, but Germany and the Netherlands require reporting of transfers above €12,500 to the central bank for statistical purposes.

Can I send EUR to non-EU countries via SEPA?

SEPA only covers transfers within the SEPA zone (EU + UK, Switzerland, Norway, Iceland, Liechtenstein, Monaco, San Marino, Andorra, Vatican). For other destinations, providers use SWIFT or in-house corridor networks.

How fast are EUR→USD transfers?

Most providers settle EUR→USD within 1 business day. Wise and Revolut can deliver in under 30 minutes for smaller amounts. SWIFT wires from banks may take 2–3 days due to intermediary bank routing.

Are exchange rates the same across all EU countries?

The mid-market rate is identical, but provider markups vary by country due to local competition. Germany and the Netherlands generally have tighter spreads than Spain or Italy on outbound transfers.

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Euro (EUR) Live Exchange Rate & Remittance Guide

EUR · € · European Central Bank (ECB)

1 USD =

€0.8628

Live (cached)

About the Euro

The Euro launched as an electronic currency on 1 January 1999 and entered physical circulation in 2002, replacing the Deutsche Mark, French Franc, Italian Lira and nine other national currencies. Today 20 of the 27 EU member states use the Euro, and it is the second most-traded currency globally after the USD.

Why EUR matters for remittance

Significant remittance flows originate from Germany (Turkey, India), France (Morocco, Senegal), Italy (Romania, Albania, Philippines), Spain (Latin America) and the Netherlands. The Eurozone collectively sent around €30 billion in personal transfers in 2023.

EUR cross-rates

Live

What 1 Euro (EUR) is worth in major currencies right now, at the wholesale mid-market rate.

Currency	1 € EUR =	Inverse (1 unit in EUR)
USD USA	$1.1590 USD	€0.862813 EUR
GBP UK	£0.864570 GBP	€1.1566 EUR
INR India	₹109.57 INR	€0.009127 EUR
AED UAE	د.إ4.2571 AED	€0.234904 EUR

USD rate is live from Wise's comparison API; other reference rates are derived from the latest USD-anchored mid-market table. Retail providers add a margin on top — see the comparison table on each corridor page for the rate you'll actually receive.

Compare EUR corridors

See live rates and the best providers for each pair.

EUR→INR EUR→PHP EUR→PKR EUR→NGN EUR→TRY

Europe remittance guide

Country profile for sending money OUT of Europe — regulators, top corridors, FAQs.

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EUR remittance regulations

EU money-transfer providers operate under PSD2 (Payment Services Directive 2) and the EBA's licensing framework. Once licensed in any EU country, a provider can passport across the bloc. Customer funds must be ring-fenced; SEPA Instant transfers settle in under 10 seconds within the Eurozone.

How to send Euro (EUR)

Use SEPA Instant (or SEPA Credit Transfer) to fund your provider account — usually free from any Eurozone bank.
Compare providers on 'recipient gets' rather than headline fee; banks often have zero advertised fee but charge 3–5% in the rate margin.
For destinations outside the Eurozone, ensure the recipient's bank can accept SWIFT MT103 if using bank-rail providers.
Save the IBAN and BIC of the destination account — some providers ask for these even if they aren't strictly needed.

Currency facts

ISO 4217: 978
Sub-unit: 100 cents = 1 euro
Central bank: European Central Bank (ECB)
Daily FX volume: $2.1 trillion/day
Symbol: €
52-week range (vs USD): 0.915 – 0.928

Frequently asked questions

Live rates fetched from Wise's public comparison API. For currency conversion mid-rates we display Wise's quoted rate, which has zero markup. Methodology.