1 dollar is worth about as much as 1 euro. What does it mean?

The last time the euro was below the dollar was on July 15, 2002 — nearly 20 years ago to the day.

WASHINGTON — The U.S. dollar is nearly equal to the euro for the first time in 20 years, complicating an already uncertain outlook for the United States, the world’s biggest economy.

One of the European currency was worth 1.00005 dollars Tuesday. For an average $100 purchase, that doesn’t make much difference. But for global finance and banking, that 0.00005 still keeps the euro slightly ahead of the dollar. 

The last time the euro was below the dollar was on July 15, 2002

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