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Euro (EUR) Exchange Rates on 20th September 2024 (20/09/2024)

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Exchange rates for Euro (EUR)

Updated: 2024-09-20
Convert from Convert to 1 EUR Conversion in currency Conversion
EUR EUR GBP GBP 0.8399 EUR to GBP 1.1906 GBP to EUR
EUR EUR BGN BGN 1.966 EUR to BGN 0.5086 BGN to EUR
EUR EUR HRK HRK 7.5909 EUR to HRK 0.1317 HRK to EUR
EUR EUR CZK CZK 25.0984 EUR to CZK 0.0398 CZK to EUR
EUR EUR DKK DKK 7.4594 EUR to DKK 0.1341 DKK to EUR
EUR EUR EEK EEK 0 EUR to EEK 0 EEK to EUR
EUR EUR HUF HUF 394.4043 EUR to HUF 0.0025 HUF to EUR
EUR EUR KZT KZT 535.202 EUR to KZT 0.0019 KZT to EUR
EUR EUR LVL LVL 0.6753 EUR to LVL 1.4807 LVL to EUR
EUR EUR LTL LTL 0 EUR to LTL 0 LTL to EUR
EUR EUR MKD MKD 61.6372 EUR to MKD 0.0162 MKD to EUR
EUR EUR MDL MDL 19.5 EUR to MDL 0.0513 MDL to EUR
EUR EUR NOK NOK 11.7113 EUR to NOK 0.0854 NOK to EUR
EUR EUR PLN PLN 4.2758 EUR to PLN 0.2339 PLN to EUR
EUR EUR RON RON 4.9735 EUR to RON 0.2011 RON to EUR
EUR EUR RUB RUB 102.9147 EUR to RUB 0.0097 RUB to EUR
EUR EUR SKK SKK 0 EUR to SKK 0 SKK to EUR
EUR EUR SEK SEK 11.3308 EUR to SEK 0.0883 SEK to EUR
EUR EUR CHF CHF 0.945 EUR to CHF 1.0582 CHF to EUR
EUR EUR TRY TRY 38.0608 EUR to TRY 0.0263 TRY to EUR
EUR EUR UAH UAH 46.3068 EUR to UAH 0.0216 UAH to EUR
Updated: 2024-09-20
Convert from Convert to 1 EUR Conversion in currency Conversion
EUR EUR ARS ARS 1074.8856 EUR to ARS 0.0009 ARS to EUR
EUR EUR BOB BOB 7.7217 EUR to BOB 0.1295 BOB to EUR
EUR EUR BRL BRL 6.0577 EUR to BRL 0.1651 BRL to EUR
EUR EUR CAD CAD 1.514 EUR to CAD 0.6605 CAD to EUR
EUR EUR KYD KYD 0.9312 EUR to KYD 1.0738 KYD to EUR
EUR EUR CLP CLP 1039.2755 EUR to CLP 0.001 CLP to EUR
EUR EUR COP COP 4650.3803 EUR to COP 0.0002 COP to EUR
EUR EUR CRC CRC 578.8665 EUR to CRC 0.0017 CRC to EUR
EUR EUR DOP DOP 67.0792 EUR to DOP 0.0149 DOP to EUR
EUR EUR SVC SVC 9.7775 EUR to SVC 0.1023 SVC to EUR
EUR EUR FJD FJD 2.4544 EUR to FJD 0.4074 FJD to EUR
EUR EUR HNL HNL 27.7199 EUR to HNL 0.0361 HNL to EUR
EUR EUR JMD JMD 175.5632 EUR to JMD 0.0057 JMD to EUR
EUR EUR MXN MXN 21.5641 EUR to MXN 0.0464 MXN to EUR
EUR EUR ANG ANG 2.0139 EUR to ANG 0.4965 ANG to EUR
EUR EUR PYG PYG 8723.0635 EUR to PYG 0.0001 PYG to EUR
EUR EUR PEN PEN 4.1951 EUR to PEN 0.2384 PEN to EUR
EUR EUR TTD TTD 7.5957 EUR to TTD 0.1317 TTD to EUR
EUR EUR USD USD 1.1165 EUR to USD 0.8957 USD to EUR
EUR EUR UYU UYU 45.9057 EUR to UYU 0.0218 UYU to EUR
EUR EUR VEF VEF 4044382.1054 EUR to VEF 0 VEF to EUR
Updated: 2024-09-20
Convert from Convert to 1 EUR Conversion in currency Conversion
EUR EUR AUD AUD 1.6371 EUR to AUD 0.6108 AUD to EUR
EUR EUR BDT BDT 133.5391 EUR to BDT 0.0075 BDT to EUR
EUR EUR BND BND 1.4429 EUR to BND 0.693 BND to EUR
EUR EUR CNY CNY 7.8666 EUR to CNY 0.1271 CNY to EUR
EUR EUR INR INR 93.3137 EUR to INR 0.0107 INR to EUR
EUR EUR IDR IDR 16855.325 EUR to IDR 0.0001 IDR to EUR
EUR EUR JPY JPY 158.8557 EUR to JPY 0.0063 JPY to EUR
EUR EUR MYR MYR 4.6663 EUR to MYR 0.2143 MYR to EUR
EUR EUR MVR MVR 17.1493 EUR to MVR 0.0583 MVR to EUR
EUR EUR NPR NPR 149.5393 EUR to NPR 0.0067 NPR to EUR
EUR EUR NZD NZD 1.7881 EUR to NZD 0.5592 NZD to EUR
EUR EUR PKR PKR 310.7883 EUR to PKR 0.0032 PKR to EUR
EUR EUR PGK PGK 4.4366 EUR to PGK 0.2254 PGK to EUR
EUR EUR PHP PHP 61.9736 EUR to PHP 0.0161 PHP to EUR
EUR EUR SCR SCR 15.2142 EUR to SCR 0.0657 SCR to EUR
EUR EUR SGD SGD 1.4402 EUR to SGD 0.6944 SGD to EUR
EUR EUR KRW KRW 1483.994 EUR to KRW 0.0007 KRW to EUR
EUR EUR LKR LKR 340.1519 EUR to LKR 0.0029 LKR to EUR
EUR EUR TWD TWD 35.6294 EUR to TWD 0.0281 TWD to EUR
EUR EUR THB THB 36.9195 EUR to THB 0.0271 THB to EUR
Updated: 2024-09-20
Convert from Convert to 1 EUR Conversion in currency Conversion
EUR EUR BHD BHD 0.4207 EUR to BHD 2.3769 BHD to EUR
EUR EUR EGP EGP 54.1811 EUR to EGP 0.0185 EGP to EUR
EUR EUR HKD HKD 8.6979 EUR to HKD 0.115 HKD to EUR
EUR EUR ILS ILS 4.1854 EUR to ILS 0.2389 ILS to EUR
EUR EUR JOD JOD 0.7912 EUR to JOD 1.2638 JOD to EUR
EUR EUR KWD KWD 0.3404 EUR to KWD 2.9376 KWD to EUR
EUR EUR LBP LBP 100066.851 EUR to LBP 0 LBP to EUR
EUR EUR OMR OMR 0.4298 EUR to OMR 2.3267 OMR to EUR
EUR EUR QAR QAR 4.0739 EUR to QAR 0.2455 QAR to EUR
EUR EUR SAR SAR 4.1896 EUR to SAR 0.2387 SAR to EUR
EUR EUR AED AED 4.1008 EUR to AED 0.2439 AED to EUR
EUR EUR YER YER 279.4804 EUR to YER 0.0036 YER to EUR
Updated: 2024-09-20
Convert from Convert to 1 EUR Conversion in currency Conversion
EUR EUR DZD DZD 147.6427 EUR to DZD 0.0068 DZD to EUR
EUR EUR KES KES 144.1473 EUR to KES 0.0069 KES to EUR
EUR EUR MUR MUR 51.2123 EUR to MUR 0.0195 MUR to EUR
EUR EUR MAD MAD 10.8368 EUR to MAD 0.0923 MAD to EUR
EUR EUR NAD NAD 19.4696 EUR to NAD 0.0514 NAD to EUR
EUR EUR NIO NIO 41.1247 EUR to NIO 0.0243 NIO to EUR
EUR EUR NGN NGN 1830.9338 EUR to NGN 0.0005 NGN to EUR
EUR EUR SLL SLL 23411.8783 EUR to SLL 0 SLL to EUR
EUR EUR ZAR ZAR 19.5391 EUR to ZAR 0.0512 ZAR to EUR
EUR EUR TZS TZS 3045.0636 EUR to TZS 0.0003 TZS to EUR
EUR EUR TND TND 3.3846 EUR to TND 0.2955 TND to EUR
EUR EUR UGX UGX 4149.4509 EUR to UGX 0.0002 UGX to EUR
EUR EUR XOF XOF 656.1872 EUR to XOF 0.0015 XOF to EUR
EUR EUR ZMK ZMK 10049.5643 EUR to ZMK 0.0001 ZMK to EUR

Euro (EUR)

Sign €
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
http://www.ecb.europa.eu/
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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