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Euro (EUR) Exchange Rates on 06th June 2023 (06/06/2023)

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Exchange rates for Euro (EUR)

Updated: 2023-06-06
Convert from Convert to 1 EUR Conversion in currency Conversion
EUR EUR GBP GBP 0.8613 EUR to GBP 1.161 GBP to EUR
EUR EUR BGN BGN 1.9556 EUR to BGN 0.5114 BGN to EUR
EUR EUR HRK HRK 7.4414 EUR to HRK 0.1344 HRK to EUR
EUR EUR CZK CZK 23.5359 EUR to CZK 0.0425 CZK to EUR
EUR EUR DKK DKK 7.4489 EUR to DKK 0.1342 DKK to EUR
EUR EUR HUF HUF 369.2741 EUR to HUF 0.0027 HUF to EUR
EUR EUR KZT KZT 479.2798 EUR to KZT 0.0021 KZT to EUR
EUR EUR LVL LVL 0.6482 EUR to LVL 1.5428 LVL to EUR
EUR EUR MKD MKD 61.5212 EUR to MKD 0.0163 MKD to EUR
EUR EUR MDL MDL 19.0535 EUR to MDL 0.0525 MDL to EUR
EUR EUR NOK NOK 11.8152 EUR to NOK 0.0846 NOK to EUR
EUR EUR PLN PLN 4.4756 EUR to PLN 0.2234 PLN to EUR
EUR EUR RON RON 4.9638 EUR to RON 0.2015 RON to EUR
EUR EUR RUB RUB 86.647 EUR to RUB 0.0115 RUB to EUR
EUR EUR SEK SEK 11.6151 EUR to SEK 0.0861 SEK to EUR
EUR EUR CHF CHF 0.9705 EUR to CHF 1.0304 CHF to EUR
EUR EUR TRY TRY 22.8623 EUR to TRY 0.0437 TRY to EUR
EUR EUR UAH UAH 39.4908 EUR to UAH 0.0253 UAH to EUR
Updated: 2023-06-06
Convert from Convert to 1 EUR Conversion in currency Conversion
EUR EUR ARS ARS 259.8025 EUR to ARS 0.0038 ARS to EUR
EUR EUR BOB BOB 7.3885 EUR to BOB 0.1353 BOB to EUR
EUR EUR BRL BRL 5.2796 EUR to BRL 0.1894 BRL to EUR
EUR EUR CAD CAD 1.4393 EUR to CAD 0.6948 CAD to EUR
EUR EUR KYD KYD 0.8911 EUR to KYD 1.1222 KYD to EUR
EUR EUR CLP CLP 854.6865 EUR to CLP 0.0012 CLP to EUR
EUR EUR COP COP 4603.4661 EUR to COP 0.0002 COP to EUR
EUR EUR CRC CRC 575.2576 EUR to CRC 0.0017 CRC to EUR
EUR EUR DOP DOP 58.6656 EUR to DOP 0.017 DOP to EUR
EUR EUR SVC SVC 9.3562 EUR to SVC 0.1069 SVC to EUR
EUR EUR FJD FJD 2.3973 EUR to FJD 0.4171 FJD to EUR
EUR EUR HNL HNL 26.2971 EUR to HNL 0.038 HNL to EUR
EUR EUR JMD JMD 165.5575 EUR to JMD 0.006 JMD to EUR
EUR EUR MXN MXN 18.7051 EUR to MXN 0.0535 MXN to EUR
EUR EUR ANG ANG 1.927 EUR to ANG 0.519 ANG to EUR
EUR EUR PYG PYG 7714.3882 EUR to PYG 0.0001 PYG to EUR
EUR EUR PEN PEN 3.9424 EUR to PEN 0.2537 PEN to EUR
EUR EUR TTD TTD 7.2474 EUR to TTD 0.138 TTD to EUR
EUR EUR USD USD 1.0716 EUR to USD 0.9332 USD to EUR
EUR EUR UYU UYU 41.4967 EUR to UYU 0.0241 UYU to EUR
EUR EUR VEF VEF 2829496.4029 EUR to VEF 0 VEF to EUR
Updated: 2023-06-06
Convert from Convert to 1 EUR Conversion in currency Conversion
EUR EUR AUD AUD 1.6192 EUR to AUD 0.6176 AUD to EUR
EUR EUR BDT BDT 115.1921 EUR to BDT 0.0087 BDT to EUR
EUR EUR BND BND 1.4457 EUR to BND 0.6917 BND to EUR
EUR EUR CNY CNY 7.62 EUR to CNY 0.1312 CNY to EUR
EUR EUR INR INR 88.4908 EUR to INR 0.0113 INR to EUR
EUR EUR IDR IDR 15896.8303 EUR to IDR 0.0001 IDR to EUR
EUR EUR JPY JPY 149.5242 EUR to JPY 0.0067 JPY to EUR
EUR EUR MYR MYR 4.9276 EUR to MYR 0.2029 MYR to EUR
EUR EUR MVR MVR 16.4594 EUR to MVR 0.0608 MVR to EUR
EUR EUR NPR NPR 141.2977 EUR to NPR 0.0071 NPR to EUR
EUR EUR NZD NZD 1.7638 EUR to NZD 0.567 NZD to EUR
EUR EUR PKR PKR 305.9027 EUR to PKR 0.0033 PKR to EUR
EUR EUR PGK PGK 3.7947 EUR to PGK 0.2635 PGK to EUR
EUR EUR PHP PHP 60.2539 EUR to PHP 0.0166 PHP to EUR
EUR EUR SCR SCR 14.9967 EUR to SCR 0.0667 SCR to EUR
EUR EUR SGD SGD 1.4459 EUR to SGD 0.6916 SGD to EUR
EUR EUR KRW KRW 1392.7824 EUR to KRW 0.0007 KRW to EUR
EUR EUR LKR LKR 311.1543 EUR to LKR 0.0032 LKR to EUR
EUR EUR TWD TWD 32.9002 EUR to TWD 0.0304 TWD to EUR
EUR EUR THB THB 37.2794 EUR to THB 0.0268 THB to EUR
Updated: 2023-06-06
Convert from Convert to 1 EUR Conversion in currency Conversion
EUR EUR BHD BHD 0.404 EUR to BHD 2.4753 BHD to EUR
EUR EUR EGP EGP 33.005 EUR to EGP 0.0303 EGP to EUR
EUR EUR HKD HKD 8.4017 EUR to HKD 0.119 HKD to EUR
EUR EUR ILS ILS 4.0079 EUR to ILS 0.2495 ILS to EUR
EUR EUR JOD JOD 0.7601 EUR to JOD 1.3157 JOD to EUR
EUR EUR KWD KWD 0.3297 EUR to KWD 3.0328 KWD to EUR
EUR EUR LBP LBP 16048.9671 EUR to LBP 0.0001 LBP to EUR
EUR EUR OMR OMR 0.4126 EUR to OMR 2.4238 OMR to EUR
EUR EUR QAR QAR 3.9011 EUR to QAR 0.2563 QAR to EUR
EUR EUR SAR SAR 4.0185 EUR to SAR 0.2489 SAR to EUR
EUR EUR AED AED 3.9358 EUR to AED 0.2541 AED to EUR
EUR EUR YER YER 268.2081 EUR to YER 0.0037 YER to EUR
Updated: 2023-06-06
Convert from Convert to 1 EUR Conversion in currency Conversion
EUR EUR DZD DZD 146.3527 EUR to DZD 0.0068 DZD to EUR
EUR EUR KES KES 148.628 EUR to KES 0.0067 KES to EUR
EUR EUR MUR MUR 48.8591 EUR to MUR 0.0205 MUR to EUR
EUR EUR MAD MAD 10.8457 EUR to MAD 0.0922 MAD to EUR
EUR EUR NAD NAD 20.9167 EUR to NAD 0.0478 NAD to EUR
EUR EUR NIO NIO 39.1071 EUR to NIO 0.0256 NIO to EUR
EUR EUR NGN NGN 494.5838 EUR to NGN 0.002 NGN to EUR
EUR EUR SLL SLL 21163.4731 EUR to SLL 0 SLL to EUR
EUR EUR ZAR ZAR 20.6455 EUR to ZAR 0.0484 ZAR to EUR
EUR EUR TZS TZS 2538.5504 EUR to TZS 0.0004 TZS to EUR
EUR EUR TND TND 3.335 EUR to TND 0.2999 TND to EUR
EUR EUR UGX UGX 3993.6663 EUR to UGX 0.0003 UGX to EUR
EUR EUR XOF XOF 655.9048 EUR to XOF 0.0015 XOF to EUR
EUR EUR ZMK ZMK 9645.4314 EUR to ZMK 0.0001 ZMK to EUR

Euro (EUR)

1 euro is subdivided into 100 cents.

EUR is the currency code for the euro which is represented in accounting using the symbol €. The euro is an aggregate currency covering of the economies of the 17 countries of the eurozone, a subset of the 27 member European Union (EU). The currency itself directly impacts over 500 million people worldwide, including the 326 million population within the eurozone itself and the 175 million people that live in countries that either use the euro directly or live in countries where their local currency is pegged to the euro.

Coins used:
1c, 2c, 5c, 10c, 20c, 50c, €1, €2

Banknotes used:
€5, €10, €20, €50, €100, €200, €500

Central Bank
European Central Bank
The 17 nations known as the eurozone consists of the following: Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, and Spain. Beyond the borders of the eurozone the euro is also used as the currency within the seven Institutions of the European Union.

By pre-established agreement all but two countries within the EU will eventually adopt the euro automatically placing them within the eurozone. Countries, territories, and micro states that are not within the EU and yet use the euro directly are Montenegro, Kosovo, Andorra, San Marino, Monaco, Vatican City, Saint Pierre, Mayotte. Dhekelia, and Akrotiri. Countries such as Cuba, Syria, North Korea, and to a limited extent Zimbabwe. Each of these countries and others are increasingly using the euro as their preferred currency for trade.

Currently, the euro is the second most traded currency in the world, being involved in nearly 20% of all currency pair trades, trailing the United States Dollar at nearly 43%, double that of the Japanese Yen at 9.5%, and more than the sum total of all trades using the next 8 most traded currencies. This reliance upon and mainstreaming of the euro is steadily increasing primarily at the market share expense of the United States dollar.

While the economic impact of a currency is directly related to the overall money supply which includes both physical banknotes and coins in circulation along with other factors. The euro has surpassed the United States dollar when looking at actual value of physical currency in circulation. While this calculation is not oftentimes included in the evaluation of the economics behind a currency, having crossed this milestone in acceptance and use demonstrates the importance and presence of the euro worldwide.

The current GDP of the eurozone is 14.6% of worldwide GDP, in comparison to the United States which accounts for 19.7% of worldwide GDP. Once the entire EU is incorporated into the eurozone its GDP will surpass that of the United States and reach 21% of worldwide GDP. This large share of worldwide GDP and the theoretical benefits of a single currency representing a single block of eurozone countries was a primary driver for the initial formulation and adoption of the euro. The efficiencies, pricing parity, and transaction uniformity benefits actually achieved are currently being studied as the euro matures, finds increased acceptance, and has had a full decade in use.

Monetary policy affecting the eurozone is handled by the European Central Bank (ECB) through the Eurosystem, a collective of the ECB and the central bank from each eurozone member state, with the ECB formulating policy and each member central bank implementing that policy in their respective countries. The eurozone itself has political representation in the Economic and Financial Affairs Council (EcoFin), an economic and monetary policy body within the Council of the European Union, through an organization made up of each member state's finance minister, known as the Euro Group. The Euro Group has expanded its scope in response to the global financial and credit crisis that began 2007-2008 and now includes each eurozone member's head of state.

The efficiencies and desirability of the current trend of worldwide expansion and use of the euro is the subject of debate amongst economists. While it is currently the second largest reserve currency in the world, the trend, prior to the economic crisis that began in 2007, was that the euro would equal if not surpass the importance of the US dollar. As of 2012 this acceleration of acceptance and use of the euro has tapered and the precise future of the Euro in its current form is now under review. According to Jack straw, a former British foreign secretary, the euro cannot retain its current form. This insight has come to light and has been supported in the worldwide credit and sovereign debt crisis, which has its roots in the recession and worldwide credit bubble collapse that began in 2007. This being the first major test of the euro, a relatively young currency having only been established in 2002.

The euro is unique and not like any other currency in the world as it is a single currency that is an aggregation and representation of the economies within 17 sovereign nations. These sovereign nations, who have subjected their economic and monetary policy sovereignty to a single entity, the European Central Bank (ECB). While the ECB and the currency itself functions as a single unit covering all of the nations as an aggregate called the eurozone, the disparity in the underlying economies and economic and fiscal decisions within each sovereign government affects the whole. For example, all sovereign eurozone member states were to adhere to specific economic and fiscal guidelines, yet even Germany and France who together represent 48% of GDP for the eurozone in 1998 had not adhered to the guidelines for several consecutive years.

As of 2012 the eurozone has no penalties nor enforcement provision to require member states to adhere to the original treaty nor procedural criteria for removal of a state from the eurozone. This lack of control over sovereign nations and the willingness of these nations to subject themselves further to eurozone rules and guidelines, with there resulting political impact on the leaders of each country, has yet to be seen. The long term and crisis tested political willingness to subject local sovereign state policy to that of the eurozone as a whole is further complicated given the ECB's primary mandate being to maintain low inflation without regard to economic growth and job creation. This is in juxtaposition to the United States central bank, the Federal Reserve which has a combined mandate of low inflation, employment, and sustained growth. This is not to say that the euro will ever fully disintegrate, but that its administration, underlying treaties, and ECB control will likely significantly change as the euro evolves.

Other References
Wikipedia article on Euro
Traveling to Europe and Converting Dollars To Euros
Encyclopedia page about Euro

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