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Euro (EUR) Exchange Rates on 01st April 2020 (01/04/2020)

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Exchange rates for Euro (EUR)

Updated: 2020-04-01
Convert from Convert to 1 EUR Conversion in currency Conversion
EUR GBP 0.8894 EUR to GBP 1.1244 GBP to EUR
EUR BGN 1.9499 EUR to BGN 0.5129 BGN to EUR
EUR HRK 7.6249 EUR to HRK 0.1311 HRK to EUR
EUR CZK 27.4105 EUR to CZK 0.0365 CZK to EUR
EUR DKK 7.4645 EUR to DKK 0.134 DKK to EUR
EUR HUF 361.8338 EUR to HUF 0.0028 HUF to EUR
EUR KZT 489.2376 EUR to KZT 0.002 KZT to EUR
EUR LVL 0.6647 EUR to LVL 1.5045 LVL to EUR
EUR MKD 61.6293 EUR to MKD 0.0162 MKD to EUR
EUR MDL 19.9567 EUR to MDL 0.0501 MDL to EUR
EUR NOK 11.5083 EUR to NOK 0.0869 NOK to EUR
EUR PLN 4.5726 EUR to PLN 0.2187 PLN to EUR
EUR RON 4.835 EUR to RON 0.2068 RON to EUR
EUR RUB 86.8674 EUR to RUB 0.0115 RUB to EUR
EUR SEK 10.9891 EUR to SEK 0.091 SEK to EUR
EUR CHF 1.0585 EUR to CHF 0.9448 CHF to EUR
EUR TRY 7.285 EUR to TRY 0.1373 TRY to EUR
EUR UAH 30.257 EUR to UAH 0.0331 UAH to EUR
Updated: 2020-04-01
Convert from Convert to 1 EUR Conversion in currency Conversion
EUR ARS 70.682 EUR to ARS 0.0141 ARS to EUR
EUR BOB 7.5192 EUR to BOB 0.133 BOB to EUR
EUR BRL 5.7196 EUR to BRL 0.1748 BRL to EUR
EUR CAD 1.5581 EUR to CAD 0.6418 CAD to EUR
EUR KYD 0.9088 EUR to KYD 1.1004 KYD to EUR
EUR CLP 943.1142 EUR to CLP 0.0011 CLP to EUR
EUR COP 4460.097 EUR to COP 0.0002 COP to EUR
EUR CRC 634.1529 EUR to CRC 0.0016 CRC to EUR
EUR DOP 58.7468 EUR to DOP 0.017 DOP to EUR
EUR SVC 9.5417 EUR to SVC 0.1048 SVC to EUR
EUR FJD 2.5134 EUR to FJD 0.3979 FJD to EUR
EUR HNL 26.9841 EUR to HNL 0.0371 HNL to EUR
EUR JMD 147.5812 EUR to JMD 0.0068 JMD to EUR
EUR MXN 26.3635 EUR to MXN 0.0379 MXN to EUR
EUR ANG 1.9521 EUR to ANG 0.5123 ANG to EUR
EUR PYG 7176.3197 EUR to PYG 0.0001 PYG to EUR
EUR PEN 3.7471 EUR to PEN 0.2669 PEN to EUR
EUR TTD 7.3683 EUR to TTD 0.1357 TTD to EUR
EUR USD 1.0988 EUR to USD 0.9101 USD to EUR
EUR UYU 47.8411 EUR to UYU 0.0209 UYU to EUR
EUR VEF 10.9744 EUR to VEF 0.0911 VEF to EUR
Updated: 2020-04-01
Convert from Convert to 1 EUR Conversion in currency Conversion
EUR AUD 1.8084 EUR to AUD 0.553 AUD to EUR
EUR BDT 92.6356 EUR to BDT 0.0108 BDT to EUR
EUR BND 1.5547 EUR to BND 0.6432 BND to EUR
EUR CNY 7.8004 EUR to CNY 0.1282 CNY to EUR
EUR INR 83.4387 EUR to INR 0.012 INR to EUR
EUR IDR 18299.6836 EUR to IDR 0.0001 IDR to EUR
EUR JPY 118.1773 EUR to JPY 0.0085 JPY to EUR
EUR MYR 4.7827 EUR to MYR 0.2091 MYR to EUR
EUR MVR 16.9226 EUR to MVR 0.0591 MVR to EUR
EUR NPR 131.5538 EUR to NPR 0.0076 NPR to EUR
EUR NZD 1.8578 EUR to NZD 0.5383 NZD to EUR
EUR PKR 181.0839 EUR to PKR 0.0055 PKR to EUR
EUR PGK 3.7841 EUR to PGK 0.2643 PGK to EUR
EUR PHP 55.8974 EUR to PHP 0.0179 PHP to EUR
EUR SCR 15.1196 EUR to SCR 0.0661 SCR to EUR
EUR SGD 1.5735 EUR to SGD 0.6355 SGD to EUR
EUR KRW 1351.9967 EUR to KRW 0.0007 KRW to EUR
EUR LKR 206.3819 EUR to LKR 0.0048 LKR to EUR
EUR TWD 33.2931 EUR to TWD 0.03 TWD to EUR
EUR THB 36.2606 EUR to THB 0.0276 THB to EUR
Updated: 2020-04-01
Convert from Convert to 1 EUR Conversion in currency Conversion
EUR BHD 0.4143 EUR to BHD 2.4137 BHD to EUR
EUR EGP 17.3056 EUR to EGP 0.0578 EGP to EUR
EUR HKD 8.5173 EUR to HKD 0.1174 HKD to EUR
EUR ILS 3.9087 EUR to ILS 0.2558 ILS to EUR
EUR JOD 0.779 EUR to JOD 1.2836 JOD to EUR
EUR KWD 0.3439 EUR to KWD 2.908 KWD to EUR
EUR LBP 1648.8853 EUR to LBP 0.0006 LBP to EUR
EUR OMR 0.4225 EUR to OMR 2.3669 OMR to EUR
EUR QAR 4.0002 EUR to QAR 0.25 QAR to EUR
EUR SAR 4.137 EUR to SAR 0.2417 SAR to EUR
EUR AED 4.036 EUR to AED 0.2478 AED to EUR
EUR YER 275.0893 EUR to YER 0.0036 YER to EUR
Updated: 2020-04-01
Convert from Convert to 1 EUR Conversion in currency Conversion
EUR DZD 137.1563 EUR to DZD 0.0073 DZD to EUR
EUR KES 115.5413 EUR to KES 0.0087 KES to EUR
EUR MUR 43.0768 EUR to MUR 0.0232 MUR to EUR
EUR MAD 11.061 EUR to MAD 0.0904 MAD to EUR
EUR NAD 19.5567 EUR to NAD 0.0511 NAD to EUR
EUR NIO 36.7904 EUR to NIO 0.0272 NIO to EUR
EUR NGN 403.2662 EUR to NGN 0.0025 NGN to EUR
EUR SLL 10685.9856 EUR to SLL 0.0001 SLL to EUR
EUR ZAR 19.8499 EUR to ZAR 0.0504 ZAR to EUR
EUR TZS 2539.0422 EUR to TZS 0.0004 TZS to EUR
EUR TND 3.146 EUR to TND 0.3179 TND to EUR
EUR UGX 4133.1572 EUR to UGX 0.0002 UGX to EUR
EUR XOF 653.3454 EUR to XOF 0.0015 XOF to EUR
EUR ZMK 9890.6867 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


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

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