Major pair · “Fiber”

EUR/USD: volatility, trading hours and correlation

🇪🇺 euro against the 🇺🇸 US dollar. EUR/USD has averaged 49 pips a day over the last 90 days, with recent volatility close to its one-year norm. It tends to move most between 13:00 and 16:00 UTC.

Last close
1.12625
6 October 2026
Avg daily range
49 pips
90 days · 0.43% of price
1-year change
-3.82%
EUR weaker vs USD
52-week range
1.12036 – 1.20236
Low to high

EUR/USD over the last 12 months

Daily closes

12 months ago · 1.17103Low 1.12171 · High 1.19778Latest · 1.12625

When EUR/USD moves most

Average high-to-low range for each hour of the day over the last year, in pips (UTC). The busiest three-hour window is highlighted.

0003060912151821
London session · 07:00–16:00 UTC
45 pips
Largest average range
New York session · 12:00–21:00 UTC
43 pips
97% of the London range
Asian session · 00:00–07:00 UTC
24 pips
53% of the London range

Want these hours in your own time zone? Open forex market hours.

Average range by weekday

Pips, last 12 months. Thursday is typically busiest and Friday quietest.

53
53
55
56
52
MonTueWedThuFri

Calendar-year performance

% change in EUR/USD each year, latest year to date

+12.9%
-4.2%
-2.1%
+9.8%
-7.9%
-5.9%
+3.8%
-6.0%
+12.9%
-4.1%
'17'18'19'20'21'22'23'24'252026*

EUR/USD seasonality

Average % change by calendar month across the last 9 years. December has been the strongest month on average and September the weakest. Seasonality is a tendency, not a forecast.

JanFebMarAprMayJunJulAugSepOctNovDec
JanFebMarAprMayJunJulAugSepOctNovDec
Avg change+0.08%-0.61%+0.27%+0.21%+0.31%+0.31%+0.47%+0.22%-1.14%-0.31%+0.51%+1.09%
Years up44%22%56%44%67%56%67%44%22%44%67%89%

EUR/USD correlation

Correlation of daily returns with other pairs. +1 means they move together, −1 means they move in opposite directions. How to use correlation.

Moves most with90 days1 year
GBP/USD+0.83+0.84
NZD/USD+0.78+0.75
AUD/USD+0.63+0.69
EUR/CAD+0.45+0.65
NZD/CAD+0.45+0.56
Moves most against90 days1 year
USD/CHF-0.74-0.83
USD/CAD-0.69-0.60
CAD/CHF-0.43-0.60
USD/JPY-0.42-0.55
CAD/JPY-0.08-0.24

Biggest daily moves in the last year

The five widest high-to-low days for EUR/USD.

DateRangeOpen to close× normal day
3 March 2026175 pips+0.02%3.3×
23 March 2026153 pips-0.03%2.8×
27 January 2026138 pips+0.02%2.6×
2 March 2026123 pips-0.01%2.3×
30 September 2026120 pips0.00%2.2×

EUR/USD pip value

Value of a one-pip move (0.0001) at the latest price.

Full pip value table
Account currencyStandard lot (1.00)Mini lot (0.10)Micro lot (0.01)
🇺🇸 USD10.00 USD1.00 USD0.100 USD
🇪🇺 EUR8.88 EUR0.89 EUR0.089 EUR
🇬🇧 GBP7.53 GBP0.75 GBP0.075 GBP

About EUR/USD

EUR/USD shows how many US dollars (USD) it takes to buy one euro (EUR). When the price rises, the euro is strengthening against the US dollar. Traders often call it “Fiber”.

EUR is issued by the European Central Bank. It tends to respond to European Central Bank policy, eurozone inflation and growth data, and the spread between German and US bond yields.

USD is issued by the Federal Reserve. It tends to respond to Federal Reserve rate expectations, US jobs and inflation data, and global risk appetite, since the dollar is the world’s main reserve and funding currency.

With an average range of about 49 pips a day, a stop loss of 15–29 pips is roughly a third to two-thirds of a normal day for EUR/USD. Always size your position from the stop distance with the lot size calculator.

EUR/USD FAQ

What is the average daily range of EUR/USD?

Over the last 90 days EUR/USD moved an average of 49 pips from high to low each day, about 0.43% of its price. Over the past year the average was 54 pips, and over the last 20 trading days it was 50 pips.

What is the best time to trade EUR/USD?

In the past year EUR/USD was most active between 13:00 and 16:00 UTC, and the London session produced the largest average range (45 pips). The quietest hour was 23:00 UTC. Thursday was its busiest weekday on average.

What is EUR/USD most correlated with?

Based on daily returns over the last year, EUR/USD moved most closely with GBP/USD (correlation 0.84) and most inversely with USD/CHF (-0.83).

How much is one pip worth on EUR/USD?

One pip on EUR/USD is 0.0001 of the price. For one standard lot (100,000 EUR) that is 10 USD, or about $10.00 at the latest price. A mini lot is a tenth of that and a micro lot a hundredth.

Statistics are calculated by ForexSignals.io from daily and hourly price history up to 6 October 2026. Hourly figures cover the last 12 months, seasonality the last 9 full years. Data may contain errors and is not a trading recommendation.

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