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Euro (EUR) Exchange Rates on 03rd February 2023 (03/02/2023)

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Exchange rates for Euro (EUR)

Updated: 2023-02-03
Convert from Convert to 1 EUR Conversion in currency Conversion
EUR EUR GBP GBP 0.8895 EUR to GBP 1.1243 GBP to EUR
EUR EUR BGN BGN 1.9784 EUR to BGN 0.5055 BGN to EUR
EUR EUR HRK HRK 7.7612 EUR to HRK 0.1288 HRK to EUR
EUR EUR CZK CZK 23.781 EUR to CZK 0.0421 CZK to EUR
EUR EUR DKK DKK 7.4391 EUR to DKK 0.1344 DKK to EUR
EUR EUR HUF HUF 389.4369 EUR to HUF 0.0026 HUF to EUR
EUR EUR KZT KZT 502.0056 EUR to KZT 0.002 KZT to EUR
EUR EUR LVL LVL 0.6666 EUR to LVL 1.5 LVL to EUR
EUR EUR MKD MKD 61.6574 EUR to MKD 0.0162 MKD to EUR
EUR EUR MDL MDL 20.5202 EUR to MDL 0.0487 MDL to EUR
EUR EUR NOK NOK 10.8887 EUR to NOK 0.0918 NOK to EUR
EUR EUR PLN PLN 4.7042 EUR to PLN 0.2126 PLN to EUR
EUR EUR RON RON 4.9093 EUR to RON 0.2037 RON to EUR
EUR EUR RUB RUB 77.2735 EUR to RUB 0.0129 RUB to EUR
EUR EUR SEK SEK 11.3482 EUR to SEK 0.0881 SEK to EUR
EUR EUR CHF CHF 0.9996 EUR to CHF 1.0004 CHF to EUR
EUR EUR TRY TRY 20.7402 EUR to TRY 0.0482 TRY to EUR
EUR EUR UAH UAH 40.26 EUR to UAH 0.0248 UAH to EUR
Updated: 2023-02-03
Convert from Convert to 1 EUR Conversion in currency Conversion
EUR EUR ARS ARS 206.3805 EUR to ARS 0.0048 ARS to EUR
EUR EUR BOB BOB 7.6149 EUR to BOB 0.1313 BOB to EUR
EUR EUR BRL BRL 5.5718 EUR to BRL 0.1795 BRL to EUR
EUR EUR CAD CAD 1.4633 EUR to CAD 0.6834 CAD to EUR
EUR EUR KYD KYD 0.9084 EUR to KYD 1.1008 KYD to EUR
EUR EUR CLP CLP 866.8565 EUR to CLP 0.0012 CLP to EUR
EUR EUR COP COP 5096.3194 EUR to COP 0.0002 COP to EUR
EUR EUR CRC CRC 601.2167 EUR to CRC 0.0017 CRC to EUR
EUR EUR DOP DOP 61.818 EUR to DOP 0.0162 DOP to EUR
EUR EUR SVC SVC 9.5376 EUR to SVC 0.1048 SVC to EUR
EUR EUR FJD FJD 2.3876 EUR to FJD 0.4188 FJD to EUR
EUR EUR HNL HNL 26.879 EUR to HNL 0.0372 HNL to EUR
EUR EUR JMD JMD 167.0623 EUR to JMD 0.006 JMD to EUR
EUR EUR MXN MXN 20.4702 EUR to MXN 0.0489 MXN to EUR
EUR EUR ANG ANG 1.9646 EUR to ANG 0.509 ANG to EUR
EUR EUR PYG PYG 8007.3988 EUR to PYG 0.0001 PYG to EUR
EUR EUR PEN PEN 4.191 EUR to PEN 0.2386 PEN to EUR
EUR EUR TTD TTD 7.3973 EUR to TTD 0.1352 TTD to EUR
EUR EUR USD USD 1.1021 EUR to USD 0.9074 USD to EUR
EUR EUR UYU UYU 42.2543 EUR to UYU 0.0237 UYU to EUR
EUR EUR VEF VEF 2462759.6722 EUR to VEF 0 VEF to EUR
Updated: 2023-02-03
Convert from Convert to 1 EUR Conversion in currency Conversion
EUR EUR AUD AUD 1.542 EUR to AUD 0.6485 AUD to EUR
EUR EUR BDT BDT 115.6273 EUR to BDT 0.0086 BDT to EUR
EUR EUR BND BND 1.431 EUR to BND 0.6988 BND to EUR
EUR EUR CNY CNY 7.3965 EUR to CNY 0.1352 CNY to EUR
EUR EUR INR INR 90.1289 EUR to INR 0.0111 INR to EUR
EUR EUR IDR IDR 16376.6784 EUR to IDR 0.0001 IDR to EUR
EUR EUR JPY JPY 141.5578 EUR to JPY 0.0071 JPY to EUR
EUR EUR MYR MYR 4.6723 EUR to MYR 0.214 MYR to EUR
EUR EUR MVR MVR 16.9283 EUR to MVR 0.0591 MVR to EUR
EUR EUR NPR NPR 142.976 EUR to NPR 0.007 NPR to EUR
EUR EUR NZD NZD 1.6865 EUR to NZD 0.593 NZD to EUR
EUR EUR PKR PKR 292.9587 EUR to PKR 0.0034 PKR to EUR
EUR EUR PGK PGK 3.8418 EUR to PGK 0.2603 PGK to EUR
EUR EUR PHP PHP 59.3838 EUR to PHP 0.0168 PHP to EUR
EUR EUR SCR SCR 14.7249 EUR to SCR 0.0679 SCR to EUR
EUR EUR SGD SGD 1.4371 EUR to SGD 0.6959 SGD to EUR
EUR EUR KRW KRW 1342.8767 EUR to KRW 0.0007 KRW to EUR
EUR EUR LKR LKR 398.9398 EUR to LKR 0.0025 LKR to EUR
EUR EUR TWD TWD 32.6822 EUR to TWD 0.0306 TWD to EUR
EUR EUR THB THB 36.0662 EUR to THB 0.0277 THB to EUR
Updated: 2023-02-03
Convert from Convert to 1 EUR Conversion in currency Conversion
EUR EUR BHD BHD 0.4155 EUR to BHD 2.4069 BHD to EUR
EUR EUR EGP EGP 33.2902 EUR to EGP 0.03 EGP to EUR
EUR EUR HKD HKD 8.6421 EUR to HKD 0.1157 HKD to EUR
EUR EUR ILS ILS 3.8043 EUR to ILS 0.2629 ILS to EUR
EUR EUR JOD JOD 0.7818 EUR to JOD 1.2791 JOD to EUR
EUR EUR KWD KWD 0.3358 EUR to KWD 2.9778 KWD to EUR
EUR EUR LBP LBP 16531.5065 EUR to LBP 0.0001 LBP to EUR
EUR EUR OMR OMR 0.4243 EUR to OMR 2.3569 OMR to EUR
EUR EUR QAR QAR 4.013 EUR to QAR 0.2492 QAR to EUR
EUR EUR SAR SAR 4.1358 EUR to SAR 0.2418 SAR to EUR
EUR EUR AED AED 4.0481 EUR to AED 0.247 AED to EUR
EUR EUR YER YER 275.9661 EUR to YER 0.0036 YER to EUR
Updated: 2023-02-03
Convert from Convert to 1 EUR Conversion in currency Conversion
EUR EUR DZD DZD 149.3228 EUR to DZD 0.0067 DZD to EUR
EUR EUR KES KES 137.3209 EUR to KES 0.0073 KES to EUR
EUR EUR MUR MUR 49.4294 EUR to MUR 0.0202 MUR to EUR
EUR EUR MAD MAD 11.0905 EUR to MAD 0.0902 MAD to EUR
EUR EUR NAD NAD 18.934 EUR to NAD 0.0528 NAD to EUR
EUR EUR NIO NIO 39.832 EUR to NIO 0.0251 NIO to EUR
EUR EUR NGN NGN 507.5382 EUR to NGN 0.002 NGN to EUR
EUR EUR SLL SLL 21463.3215 EUR to SLL 0 SLL to EUR
EUR EUR ZAR ZAR 18.7723 EUR to ZAR 0.0533 ZAR to EUR
EUR EUR TZS TZS 2575.6114 EUR to TZS 0.0004 TZS to EUR
EUR EUR TND TND 3.3377 EUR to TND 0.2996 TND to EUR
EUR EUR UGX UGX 4016.6796 EUR to UGX 0.0002 UGX to EUR
EUR EUR XOF XOF 656.4557 EUR to XOF 0.0015 XOF to EUR
EUR EUR ZMK ZMK 9920.1984 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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