Euro (EUR) Exchange Rates on 21st February 2020 (21/02/2020)

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Exchange rates for Euro (EUR)

Updated: 2020-02-21
Convert from Convert to 1 EUR Conversion in currency Conversion
EUR GBP 0.8372 EUR to GBP 1.1945 GBP to EUR
EUR BGN 1.9554 EUR to BGN 0.5114 BGN to EUR
EUR HRK 7.4519 EUR to HRK 0.1342 HRK to EUR
EUR CZK 25.0488 EUR to CZK 0.0399 CZK to EUR
EUR DKK 7.4684 EUR to DKK 0.1339 DKK to EUR
EUR EEK 0 EUR to EEK 0 EEK to EUR
EUR HUF 338.4225 EUR to HUF 0.003 HUF to EUR
EUR KZT 405.8751 EUR to KZT 0.0025 KZT to EUR
EUR LVL 0.6528 EUR to LVL 1.5319 LVL to EUR
EUR LTL 0 EUR to LTL 0 LTL to EUR
EUR MKD 61.5867 EUR to MKD 0.0162 MKD to EUR
EUR MDL 19.205 EUR to MDL 0.0521 MDL to EUR
EUR NOK 10.0684 EUR to NOK 0.0993 NOK to EUR
EUR PLN 4.2783 EUR to PLN 0.2337 PLN to EUR
EUR RON 4.795 EUR to RON 0.2086 RON to EUR
EUR RUB 69.2812 EUR to RUB 0.0144 RUB to EUR
EUR SKK 0 EUR to SKK 0 SKK to EUR
EUR SEK 10.5964 EUR to SEK 0.0944 SEK to EUR
EUR CHF 1.0612 EUR to CHF 0.9423 CHF to EUR
EUR TRY 6.593 EUR to TRY 0.1517 TRY to EUR
EUR UAH 26.4181 EUR to UAH 0.0379 UAH to EUR
Updated: 2020-02-21
Convert from Convert to 1 EUR Conversion in currency Conversion
EUR ARS 66.6656 EUR to ARS 0.015 ARS to EUR
EUR BOB 7.465 EUR to BOB 0.134 BOB to EUR
EUR BRL 4.7416 EUR to BRL 0.2109 BRL to EUR
EUR CAD 1.4295 EUR to CAD 0.6996 CAD to EUR
EUR KYD 0.8997 EUR to KYD 1.1115 KYD to EUR
EUR CLP 873.4601 EUR to CLP 0.0011 CLP to EUR
EUR COP 3673.8555 EUR to COP 0.0003 COP to EUR
EUR CRC 612.6628 EUR to CRC 0.0016 CRC to EUR
EUR DOP 57.6496 EUR to DOP 0.0173 DOP to EUR
EUR SVC 9.4457 EUR to SVC 0.1059 SVC to EUR
EUR FJD 2.3934 EUR to FJD 0.4178 FJD to EUR
EUR HNL 26.5985 EUR to HNL 0.0376 HNL to EUR
EUR JMD 151.4803 EUR to JMD 0.0066 JMD to EUR
EUR MXN 20.3923 EUR to MXN 0.049 MXN to EUR
EUR ANG 1.9324 EUR to ANG 0.5175 ANG to EUR
EUR PYG 7053.4118 EUR to PYG 0.0001 PYG to EUR
EUR PEN 3.6515 EUR to PEN 0.2739 PEN to EUR
EUR TTD 7.2995 EUR to TTD 0.137 TTD to EUR
EUR USD 1.0792 EUR to USD 0.9267 USD to EUR
EUR UYU 41.0926 EUR to UYU 0.0243 UYU to EUR
EUR VEF 10.778 EUR to VEF 0.0928 VEF to EUR
Updated: 2020-02-21
Convert from Convert to 1 EUR Conversion in currency Conversion
EUR AUD 1.6354 EUR to AUD 0.6115 AUD to EUR
EUR BDT 91.7009 EUR to BDT 0.0109 BDT to EUR
EUR BND 1.5113 EUR to BND 0.6617 BND to EUR
EUR CNY 7.5914 EUR to CNY 0.1317 CNY to EUR
EUR INR 77.6706 EUR to INR 0.0129 INR to EUR
EUR IDR 14941.688 EUR to IDR 0.0001 IDR to EUR
EUR JPY 120.8502 EUR to JPY 0.0083 JPY to EUR
EUR MYR 4.5286 EUR to MYR 0.2208 MYR to EUR
EUR MVR 16.6081 EUR to MVR 0.0602 MVR to EUR
EUR NPR 123.6121 EUR to NPR 0.0081 NPR to EUR
EUR NZD 1.7106 EUR to NZD 0.5846 NZD to EUR
EUR PKR 166.5633 EUR to PKR 0.006 PKR to EUR
EUR PGK 3.6805 EUR to PGK 0.2717 PGK to EUR
EUR PHP 54.8154 EUR to PHP 0.0182 PHP to EUR
EUR SCR 14.7891 EUR to SCR 0.0676 SCR to EUR
EUR SGD 1.5117 EUR to SGD 0.6615 SGD to EUR
EUR KRW 1305.0327 EUR to KRW 0.0008 KRW to EUR
EUR LKR 196.0701 EUR to LKR 0.0051 LKR to EUR
EUR TWD 32.7781 EUR to TWD 0.0305 TWD to EUR
EUR THB 34.1552 EUR to THB 0.0293 THB to EUR
Updated: 2020-02-21
Convert from Convert to 1 EUR Conversion in currency Conversion
EUR BHD 0.4068 EUR to BHD 2.458 BHD to EUR
EUR EGP 16.7943 EUR to EGP 0.0595 EGP to EUR
EUR HKD 8.4034 EUR to HKD 0.119 HKD to EUR
EUR ILS 3.6967 EUR to ILS 0.2705 ILS to EUR
EUR JOD 0.7651 EUR to JOD 1.307 JOD to EUR
EUR KWD 0.3308 EUR to KWD 3.0226 KWD to EUR
EUR LBP 1632.295 EUR to LBP 0.0006 LBP to EUR
EUR OMR 0.4155 EUR to OMR 2.4068 OMR to EUR
EUR QAR 3.9292 EUR to QAR 0.2545 QAR to EUR
EUR SAR 4.0477 EUR to SAR 0.2471 SAR to EUR
EUR AED 3.9639 EUR to AED 0.2523 AED to EUR
EUR YER 270.1655 EUR to YER 0.0037 YER to EUR
Updated: 2020-02-21
Convert from Convert to 1 EUR Conversion in currency Conversion
EUR DZD 130.5257 EUR to DZD 0.0077 DZD to EUR
EUR KES 109.2531 EUR to KES 0.0092 KES to EUR
EUR MUR 40.6248 EUR to MUR 0.0246 MUR to EUR
EUR MAD 10.5149 EUR to MAD 0.0951 MAD to EUR
EUR NAD 16.3711 EUR to NAD 0.0611 NAD to EUR
EUR NIO 36.4181 EUR to NIO 0.0275 NIO to EUR
EUR NGN 392.2598 EUR to NGN 0.0025 NGN to EUR
EUR SLL 10481.2441 EUR to SLL 0.0001 SLL to EUR
EUR ZAR 16.3063 EUR to ZAR 0.0613 ZAR to EUR
EUR TZS 2493.8215 EUR to TZS 0.0004 TZS to EUR
EUR TND 3.0999 EUR to TND 0.3226 TND to EUR
EUR UGX 3964.0784 EUR to UGX 0.0003 UGX to EUR
EUR XOF 655.8738 EUR to XOF 0.0015 XOF to EUR
EUR ZMK 9713.6131 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/

THINGS TO KNOW ABOUT EURO [INFOGRAPHIC] --->

EURO Infographic
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
XE.com Live Currency Converter for EUR

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