Euro (EUR) Exchange Rates on 24th January 2020 (24/01/2020)

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Exchange rates for Euro (EUR)

Updated: 2020-01-24
Convert from Convert to 1 EUR Conversion in currency Conversion
EUR GBP 0.8414 EUR to GBP 1.1885 GBP to EUR
EUR BGN 1.9559 EUR to BGN 0.5113 BGN to EUR
EUR HRK 7.4445 EUR to HRK 0.1343 HRK to EUR
EUR CZK 25.1654 EUR to CZK 0.0397 CZK to EUR
EUR DKK 7.4728 EUR to DKK 0.1338 DKK to EUR
EUR EEK 0 EUR to EEK 0 EEK to EUR
EUR HUF 336.8886 EUR to HUF 0.003 HUF to EUR
EUR KZT 419.1138 EUR to KZT 0.0024 KZT to EUR
EUR LVL 0.6684 EUR to LVL 1.496 LVL to EUR
EUR LTL 3.263 EUR to LTL 0.3065 LTL to EUR
EUR MKD 61.5876 EUR to MKD 0.0162 MKD to EUR
EUR MDL 19.6687 EUR to MDL 0.0508 MDL to EUR
EUR NOK 9.9408 EUR to NOK 0.1006 NOK to EUR
EUR PLN 4.2458 EUR to PLN 0.2355 PLN to EUR
EUR RON 4.7808 EUR to RON 0.2092 RON to EUR
EUR RUB 68.3837 EUR to RUB 0.0146 RUB to EUR
EUR SKK 0 EUR to SKK 0 SKK to EUR
EUR SEK 10.5347 EUR to SEK 0.0949 SEK to EUR
EUR CHF 1.0723 EUR to CHF 0.9325 CHF to EUR
EUR TRY 6.5541 EUR to TRY 0.1526 TRY to EUR
EUR UAH 27.1461 EUR to UAH 0.0368 UAH to EUR
Updated: 2020-01-24
Convert from Convert to 1 EUR Conversion in currency Conversion
EUR ARS 66.2989 EUR to ARS 0.0151 ARS to EUR
EUR BOB 7.6657 EUR to BOB 0.1305 BOB to EUR
EUR BRL 4.609 EUR to BRL 0.217 BRL to EUR
EUR CAD 1.4506 EUR to CAD 0.6894 CAD to EUR
EUR KYD 0.9238 EUR to KYD 1.0825 KYD to EUR
EUR CLP 861.0516 EUR to CLP 0.0012 CLP to EUR
EUR COP 3714.4597 EUR to COP 0.0003 COP to EUR
EUR CRC 626.0627 EUR to CRC 0.0016 CRC to EUR
EUR DOP 58.9639 EUR to DOP 0.017 DOP to EUR
EUR SVC 9.6997 EUR to SVC 0.1031 SVC to EUR
EUR FJD 2.3988 EUR to FJD 0.4169 FJD to EUR
EUR HNL 27.3009 EUR to HNL 0.0366 HNL to EUR
EUR JMD 154.0957 EUR to JMD 0.0065 JMD to EUR
EUR MXN 20.7289 EUR to MXN 0.0482 MXN to EUR
EUR ANG 1.8402 EUR to ANG 0.5434 ANG to EUR
EUR PYG 7235.5841 EUR to PYG 0.0001 PYG to EUR
EUR PEN 3.6788 EUR to PEN 0.2718 PEN to EUR
EUR TTD 7.4958 EUR to TTD 0.1334 TTD to EUR
EUR USD 1.1051 EUR to USD 0.9049 USD to EUR
EUR UYU 41.4718 EUR to UYU 0.0241 UYU to EUR
EUR VEF 11.0368 EUR to VEF 0.0906 VEF to EUR
Updated: 2020-01-24
Convert from Convert to 1 EUR Conversion in currency Conversion
EUR AUD 1.6148 EUR to AUD 0.6193 AUD to EUR
EUR BDT 94.1109 EUR to BDT 0.0106 BDT to EUR
EUR BND 1.4956 EUR to BND 0.6686 BND to EUR
EUR CNY 7.6655 EUR to CNY 0.1305 CNY to EUR
EUR INR 78.7443 EUR to INR 0.0127 INR to EUR
EUR IDR 15007.0403 EUR to IDR 0.0001 IDR to EUR
EUR JPY 121.046 EUR to JPY 0.0083 JPY to EUR
EUR MYR 4.4893 EUR to MYR 0.2228 MYR to EUR
EUR MVR 17.073 EUR to MVR 0.0586 MVR to EUR
EUR NPR 126.3259 EUR to NPR 0.0079 NPR to EUR
EUR NZD 1.6705 EUR to NZD 0.5986 NZD to EUR
EUR PKR 171.5221 EUR to PKR 0.0058 PKR to EUR
EUR PGK 3.8266 EUR to PGK 0.2613 PGK to EUR
EUR PHP 56.206 EUR to PHP 0.0178 PHP to EUR
EUR SCR 15.1381 EUR to SCR 0.0661 SCR to EUR
EUR SGD 1.4916 EUR to SGD 0.6704 SGD to EUR
EUR KRW 1290.7531 EUR to KRW 0.0008 KRW to EUR
EUR LKR 201.2316 EUR to LKR 0.005 LKR to EUR
EUR TWD 33.1546 EUR to TWD 0.0302 TWD to EUR
EUR THB 33.6977 EUR to THB 0.0297 THB to EUR
Updated: 2020-01-24
Convert from Convert to 1 EUR Conversion in currency Conversion
EUR BHD 0.4166 EUR to BHD 2.4004 BHD to EUR
EUR EGP 17.426 EUR to EGP 0.0574 EGP to EUR
EUR HKD 8.5889 EUR to HKD 0.1164 HKD to EUR
EUR ILS 3.8185 EUR to ILS 0.2619 ILS to EUR
EUR JOD 0.7835 EUR to JOD 1.2763 JOD to EUR
EUR KWD 0.3357 EUR to KWD 2.979 KWD to EUR
EUR LBP 1676.3541 EUR to LBP 0.0006 LBP to EUR
EUR OMR 0.4249 EUR to OMR 2.3538 OMR to EUR
EUR QAR 4.0235 EUR to QAR 0.2485 QAR to EUR
EUR SAR 4.1454 EUR to SAR 0.2412 SAR to EUR
EUR AED 4.0588 EUR to AED 0.2464 AED to EUR
EUR YER 276.6521 EUR to YER 0.0036 YER to EUR
Updated: 2020-01-24
Convert from Convert to 1 EUR Conversion in currency Conversion
EUR DZD 132.3366 EUR to DZD 0.0076 DZD to EUR
EUR KES 111.4348 EUR to KES 0.009 KES to EUR
EUR MUR 40.6003 EUR to MUR 0.0246 MUR to EUR
EUR MAD 10.6606 EUR to MAD 0.0938 MAD to EUR
EUR NAD 15.9104 EUR to NAD 0.0629 NAD to EUR
EUR NIO 37.3974 EUR to NIO 0.0267 NIO to EUR
EUR NGN 399.4787 EUR to NGN 0.0025 NGN to EUR
EUR SLL 10732.8773 EUR to SLL 0.0001 SLL to EUR
EUR ZAR 15.884 EUR to ZAR 0.063 ZAR to EUR
EUR TZS 2547.8207 EUR to TZS 0.0004 TZS to EUR
EUR TND 3.1204 EUR to TND 0.3205 TND to EUR
EUR UGX 4077.2929 EUR to UGX 0.0002 UGX to EUR
EUR XOF 655.6664 EUR to XOF 0.0015 XOF to EUR
EUR ZMK 9946.8687 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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