Currency Rates for Euro
Bank Exchange Rates for Europe - European Union - EUR - Euro - €. The foreign exchange rates for Europe and also known as the European Union. ISO code EUR or the Euro currency and as a symbol €.
Euro coins available are circulated in denominations of 1, 2, 5, 10, 20, and 50 cents and 1 & 2 euro. Banknotes are available in denominations of 5, 10, 20, 50, 100, 200 and 500 euros.
The euro is the currency that is present in the largest number of countries, which makes it the most versatile currency when we consider all other currencies. The euro replaced many traditional currencies that were part of nations like France, Italy and Germany. Previous franc, lira and mark represented the most powerful economies in Europe. When the euro replaced them, the whole economic system in these countries changed. The value of the goods was differently created and people had to use other methods of trading.
Traditional currencies in many European countries were part of national pride, especially in countries with strong economy. One of the examples is German economy that made a complete transformation of financial system. At the same time, Germany was the first nation to promote the euro as the new currency of the most European Union countries. The main seat of the European Central Bank is located in Frankfurt, which represents the influence of German economy across Europe.
The euro was not created under influence of only one country. Other European countries showed the resolution to unite different economies in order to create a unique currency. The main intention was making of solid ground for strong economic system in the whole European Union. Since 1995, when the euro was created, this kind of intention made a good result in a matter of trading between countries.
A single currency like euro helps maintaining import and export activities among different countries. This way, the possibilities for economic growth are much better. The euro is the currency that made huge changes in financial functioning of European nations. It is still one of the most powerful currencies in the world with more than â‚¬1,100,000,000,000 in overall circulation. The influence of the euro on the world market is quite strong and most professionals predict it will be even stronger in the future. Send Money Transfer to European Union
GBP to EUR
The Euro is the official currency of the following countries; Spain, Slovakia, Slovenia, Malta, the Netherlands, Latvia, Luxembourg, Lithuania, Italy, Ireland, Finland, Germany, Greece, France, Cyprus, Belgium, Austria, and Estonia. 337 million Europeans use the euro daily, which is the second most traded currency, as well as being the second largest reserve currency.
Often referred to as ‘the single currency’ the Euro is the official currency of many countries within Europe; the ‘Eurozone’, consisting of 19 members states of the EU. It was introduced in 1999 and replaced the European Currency Unit at par. Since 2002, the Euro has traded for more than the USD, reaching the value of $1.6038 in 2008 and currently standing at $1.10.
The combined value of the euro coins and banknotes in circulation has surpassed the value of the USD currency in circulation, making the euro the number 1 currency for combined value of banknotes and coins in circulation. Bank Exchange Rates for Euro . The foreign exchange rates for European Union also known as the ISO code EUR. Send money transfer online with us with the cheapest options.