Euro falls to $1.115, its weakest since May 2025, as the dollar recovers this year's losses
The ECB euro reference rate fell to $1.1150 on 27 October 2026, the lowest since May 2025, down 4.2% from a year earlier and 6.9% below its January peak, according to ECB data.
The story in focus
The euro's official reference rate against the US dollar fell to 1.1150 on 27 October 2026, according to European Central Bank data compiled in the DatelineHQ euro exchange rate tracker. That is the lowest fix since 13 May 2025, 4.2% weaker than a year earlier and 5.1% below where the euro ended 2025. October is on course to be the euro's weakest month against the dollar since March 2025, while the euro has fallen even further against the Chinese yuan.
- The ECB set the euro reference rate at 1.1150 US dollars on 27 October 2026, the lowest since 13 May 2025 and the 2026 low so far.
- The euro is down 4.2% from 1.1640 a year earlier, 5.1% below its end-2025 rate of 1.1750 and 6.9% below this year's high of 1.1974 on 28 January.
- October's average so far, 1.1211, is the lowest monthly average since March 2025, and the euro has fixed below 1.12 on eight days this month.
- Against the Chinese yuan the euro has fallen 10.1% in a year, to 7.4343, its lowest since March 2023; it is also down 4.1% against sterling and 1.1% against the yen.
What the latest data show
The European Central Bank's daily reference rate for the euro was 1.1150 US dollars on Tuesday, 27 October 2026, down from 1.1188 the previous business day. The euro has not been fixed this low since 13 May 2025, when the rate was 1.1112.
The single currency is 4.2% weaker than a year ago, when the reference rate stood at 1.1640 on 27 October 2025, and 5.1% below the 1.1750 at which it ended 2025. Its 2026 high was 1.1974 on 28 January, so the euro has given up 6.9% since then. It began October at 1.1298, after 1.1355 on 30 September, and has slipped 1.8% this month alone.
A reversal of last year's rally
The decline follows a strong 2025 for the euro. It started that year near its lows, at 1.0198 on 13 January 2025, and climbed 13.1% over the year, from 1.0389 at the end of 2024 to 1.1750 at the end of 2025. It reached 1.1837 on 17 September 2025, then pushed higher again in early 2026.
Since February, the trend has been lower. Monthly averages fell from 1.1824 in February to 1.1513 in September, and the October average so far is 1.1211, the weakest for any month since March 2025. The euro has fixed below 1.12 on eight trading days in October 2026 and on none earlier in the year. The 2026 average to date is 1.1574, still above the 1.1225 average since 2015.
Steady rather than volatile
The slide has been gradual. Annualised volatility of daily changes in the euro-dollar reference rate is 5.6% so far in 2026, the calmest year since 2021 (5.2%) and well below the 10.2% of 2022, when the euro fell below parity with the dollar on 47 days. The biggest single-day moves this year were a 1.3% rise on 8 April and a 1.1% fall on 18 June.
For context, the euro's highest reference rate since 2015 was 1.2493 in February 2018 and its lowest was 0.9565 in September 2022. Today's 1.1150 sits close to the middle of that range.
The euro against the yuan, sterling and the yen
The euro's fall has been sharpest against the Chinese yuan. The ECB reference rate was 7.4343 yuan per euro on 27 October, down 10.1% from 8.2731 a year earlier and the lowest since March 2023. It began 2026 at 8.1973 and peaked at 8.3176 on 28 January.
Against sterling the euro fetched 0.83658 pounds, 4.1% less than a year ago and the lowest since April 2025. Against the Japanese yen it was 175.97, 1.1% lower on the year and 6.3% below its 2026 high of 187.72 on 17 April.
About the data
The euro foreign exchange reference rates are published by the European Central Bank each working day at around 16:00 CET, based on a regular concertation procedure between central banks at 14:15 CET. They are published for information purposes and are not intended for transactions; market rates move continuously through the day.
Figures in this article come from the ECB's EXR dataset (daily series D.USD.EUR.SP00.A and the GBP, JPY and CNY equivalents), which the DatelineHQ euro exchange rate tracker downloads and refreshes daily. Percentage changes compare reference rates on the dates shown. The tracker offers the full daily series since January 2015 as a CSV download and an embeddable chart.
What is the euro to US dollar exchange rate in October 2026?
The ECB euro reference rate was 1.1150 US dollars on 27 October 2026, the lowest since May 2025. That is 4.2% below a year earlier (1.1640) and 5.1% below the end-2025 rate of 1.1750. The October 2026 average so far is 1.1211.
Sources & further reading
- Euro foreign exchange reference rates (European Central Bank) ↗ecb.europa.eu
- ECB Data Portal: US dollar/Euro reference rate, series EXR.D.USD.EUR.SP00.A ↗data.ecb.europa.eu
- DatelineHQ euro exchange rate tracker: ECB reference rates since 2015 ↗datelinehq.com
- Daily euro reference rates in USD, GBP, JPY and CNY, spreadsheet file ↗datelinehq.com
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