The term "EUR/USD" refers to the exchange rate between the Euro and the U.S. Dollar. It indicates how many U.S. Dollars one can get for one Euro. This currency pair is one of the most traded in the world, making it a key indicator of economic health in both the European Union and the United States. Traders and investors closely watch the EUR/USD rate to make decisions about buying or selling currencies. Factors like interest rates, economic data, and political events can influence this exchange rate, making it essential for anyone involved in international trade or investment to stay informed.