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Euro exchange rate

Euro - Euro

The Euro currency was introduced in 1999 within the European Union with the aim of making trading in Europe easy with no currency transactions. Eleven of the countries in the European Economic and Monetary Union (EMU) decided take up the euro and forgo their own currency: Austria, Belgium, Finland, France, Germany, Ireland, Italy, Luxembourg, the Netherlands, Portugal, and Spain.

The benefits of sharing a common currency obviously has many benefits for those within the club. Buying and selling goods is very easy without the need to change currency. The introduction of the euro has also meant that there are benefits for trading partners from around the globe. Rather than having to deal with the French Franc, Italian Lira or German Mark there is just one currency to trade in. So the USD/EUR exchange rate ( or US Dollar, euro exchange rate) and the sterling/euro exchange rate have become very important. The euro is now thae second most important currency in the world. Countries using Euro currency: Belgium euro, Finnish euro, French euro, German euro, Greek euro, Irish euro, Italian euro, Luxembourg euro, Dutch euro, Portugese euro, Spanish euro, Austrian euro.


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