The best time to buy euros in 2017 was at the very beginning of the year. On , the euro reached its weakest point against the US dollar for the entire year, with an exchange rate of 1.0418 USD per 1 EUR.
Buying currency at local US banks or airport kiosks often results in unfavorable rates and high fees.
1.0418 USD on January 3, 2017. Average Rate: 1.1304 USD over the course of the year. best time to buy euros 2017
During mid-2017, markets closely watched for signals from the European Central Bank (ECB) regarding the unwinding of monetary stimulus, which provided upward pressure on the currency. General Strategy for Buying Euros
1.2035 USD on September 9, 2017. Key Influencing Factors in 2017 The best time to buy euros in 2017
Mid-week purchases are often preferred over weekends when market volatility is lower.
Withdrawing euros from an ATM after arriving in Europe typically yields better rates than exchanging cash stateside. General Strategy for Buying Euros 1
Improving economic data in the euro area, including manufacturing and retail sales, led analysts at Bloomberg to label 2017 as potentially the euro's "best year in a decade".