Euro Member Countries, Euro
Most popular Euro exchange rate is the USD to EUR rate.
Euro History
Introduction of the Euro
.
The name euro was officially adopted on 16 December 1995.The euro was introduced to world financial markets as an accounting currency on 1 January 1999, replacing the former European Currency Unit (ECU) at a ratio of 1:1 (US$1.1743). Physical euro coins and banknotes entered into circulation on 1 January 2002, making it the day-to-day operating currency of its original members. While the euro dropped subsequently to US$0.8252 within two years (26 October 2000), it has traded above the U.S. dollar since the end of 2002, peaking at US$1.6038 on 18 July 2008. Since late 2009, the euro has been immersed in the European sovereign-debt crisis which has led to the creation of the European Financial Stability Facility as well as other reforms aimed at stabilising the currency.
Use of the Euro outside the EU
.
A number of sovereign states that are not part of the European Union have since adopted the Euro, including the Principality of Andorra, the Principality of Monaco, the Republic of San Marino, and the Vatican City. The Euro is also used in many territories, departments, and sovereign states of Euro-zone countries, such as the Azores, Balearic Islands, the Canary Islands, Europa Island, French Guiana, Guadeloupe, Juan de Nova, the Madeira Islands, Martinique, Reunion, Saint-Martin, Saint Pierre, Miquelon,etc. The Euro is used as a trading currency in Cuba, North Korea, and Syria and several currencies are pegged to it.
Peg Rates
| Currency | Peg Rate |
| Bosnia and Herzegovina Convertible Mark | 1.95583 |
| Bulgarian Lev | 1.95583 |
| Cape Verdean Escudo | 110.265 |
| Central African CFA Franc BEAC | 655.957 |
| CFA Franc | 655.957 |
| CFP Franc | 119.3317 |
| Comoran Franc | 491.9678 |
| Lithuanian Litas | 3.45280 |
Currency Facts
Name: EURO
Minor Unit: 1/100= Cent
Central Bank Rate: 0.05
Top EUR Conversion: USD/EUR
Top EUR Chart: USD/EUR Chart
Nicknames: Ege (Finnish), Leru (Spanish), Yoyo (Irish English), Teuro (German)
Banknotes:
Freq Used: €5, €10, €20, €50, €100
Rarely Used: €200, €500
Coins:
Freq Used: €1, €2, 5 cent, 10 cent, 20 cent, 50 cent
Rarely Used: 1cent, 2cent
Central Bank:
European Central Bank
Website: http://www.ecb.eu
Budget deficit of the euro area compared to US and UK
Euro-US Dollar exchange rate Graph
Euro-Japanese Yen exchange rate
Preceding national currencies of Eurozone
Long-term interest rates of Euro countries
