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Euro (EUR) Exchange Rates on 01st March 2024 (01/03/2024)

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Exchange rates for Euro (EUR)

Updated: 2024-03-01
Convert from Convert to 1 EUR Conversion in currency Conversion
EUR EUR GBP GBP 0.8562 EUR to GBP 1.1679 GBP to EUR
EUR EUR BGN BGN 1.9558 EUR to BGN 0.5113 BGN to EUR
EUR EUR HRK HRK 7.6018 EUR to HRK 0.1315 HRK to EUR
EUR EUR CZK CZK 25.3455 EUR to CZK 0.0395 CZK to EUR
EUR EUR DKK DKK 7.4539 EUR to DKK 0.1342 DKK to EUR
EUR EUR HUF HUF 392.466 EUR to HUF 0.0025 HUF to EUR
EUR EUR KZT KZT 488.5034 EUR to KZT 0.002 KZT to EUR
EUR EUR LVL LVL 0.6541 EUR to LVL 1.5289 LVL to EUR
EUR EUR MKD MKD 61.574 EUR to MKD 0.0162 MKD to EUR
EUR EUR MDL MDL 19.251 EUR to MDL 0.0519 MDL to EUR
EUR EUR NOK NOK 11.4665 EUR to NOK 0.0872 NOK to EUR
EUR EUR PLN PLN 4.3141 EUR to PLN 0.2318 PLN to EUR
EUR EUR RON RON 4.9573 EUR to RON 0.2017 RON to EUR
EUR EUR RUB RUB 98.9435 EUR to RUB 0.0101 RUB to EUR
EUR EUR SEK SEK 11.2091 EUR to SEK 0.0892 SEK to EUR
EUR EUR CHF CHF 0.9564 EUR to CHF 1.0456 CHF to EUR
EUR EUR TRY TRY 33.8367 EUR to TRY 0.0296 TRY to EUR
EUR EUR UAH UAH 41.1683 EUR to UAH 0.0243 UAH to EUR
Updated: 2024-03-01
Convert from Convert to 1 EUR Conversion in currency Conversion
EUR EUR ARS ARS 910.7795 EUR to ARS 0.0011 ARS to EUR
EUR EUR BOB BOB 7.4814 EUR to BOB 0.1337 BOB to EUR
EUR EUR BRL BRL 5.3755 EUR to BRL 0.186 BRL to EUR
EUR EUR CAD CAD 1.4673 EUR to CAD 0.6815 CAD to EUR
EUR EUR KYD KYD 0.9022 EUR to KYD 1.1084 KYD to EUR
EUR EUR CLP CLP 1045.4014 EUR to CLP 0.001 CLP to EUR
EUR EUR COP COP 4247.3051 EUR to COP 0.0002 COP to EUR
EUR EUR CRC CRC 554.3272 EUR to CRC 0.0018 CRC to EUR
EUR EUR DOP DOP 63.5373 EUR to DOP 0.0157 DOP to EUR
EUR EUR SVC SVC 9.4729 EUR to SVC 0.1056 SVC to EUR
EUR EUR FJD FJD 2.4316 EUR to FJD 0.4112 FJD to EUR
EUR EUR HNL HNL 26.738 EUR to HNL 0.0374 HNL to EUR
EUR EUR JMD JMD 168.8967 EUR to JMD 0.0059 JMD to EUR
EUR EUR MXN MXN 18.4402 EUR to MXN 0.0542 MXN to EUR
EUR EUR ANG ANG 1.9513 EUR to ANG 0.5125 ANG to EUR
EUR EUR PYG PYG 7902.6936 EUR to PYG 0.0001 PYG to EUR
EUR EUR PEN PEN 4.1105 EUR to PEN 0.2433 PEN to EUR
EUR EUR TTD TTD 7.3475 EUR to TTD 0.1361 TTD to EUR
EUR EUR USD USD 1.0813 EUR to USD 0.9248 USD to EUR
EUR EUR UYU UYU 42.4083 EUR to UYU 0.0236 UYU to EUR
EUR EUR VEF VEF 3897441.1464 EUR to VEF 0 VEF to EUR
Updated: 2024-03-01
Convert from Convert to 1 EUR Conversion in currency Conversion
EUR EUR AUD AUD 1.6615 EUR to AUD 0.6019 AUD to EUR
EUR EUR BDT BDT 118.8208 EUR to BDT 0.0084 BDT to EUR
EUR EUR BND BND 1.4564 EUR to BND 0.6866 BND to EUR
EUR EUR CNY CNY 7.782 EUR to CNY 0.1285 CNY to EUR
EUR EUR INR INR 89.6067 EUR to INR 0.0112 INR to EUR
EUR EUR IDR IDR 16972.4794 EUR to IDR 0.0001 IDR to EUR
EUR EUR JPY JPY 162.6153 EUR to JPY 0.0061 JPY to EUR
EUR EUR MYR MYR 5.1239 EUR to MYR 0.1952 MYR to EUR
EUR EUR MVR MVR 16.6519 EUR to MVR 0.0601 MVR to EUR
EUR EUR NPR NPR 143.6101 EUR to NPR 0.007 NPR to EUR
EUR EUR NZD NZD 1.7752 EUR to NZD 0.5633 NZD to EUR
EUR EUR PKR PKR 299.5134 EUR to PKR 0.0033 PKR to EUR
EUR EUR PGK PGK 4.1291 EUR to PGK 0.2422 PGK to EUR
EUR EUR PHP PHP 60.6264 EUR to PHP 0.0165 PHP to EUR
EUR EUR SCR SCR 14.6845 EUR to SCR 0.0681 SCR to EUR
EUR EUR SGD SGD 1.4552 EUR to SGD 0.6872 SGD to EUR
EUR EUR KRW KRW 1443.4967 EUR to KRW 0.0007 KRW to EUR
EUR EUR LKR LKR 335.3079 EUR to LKR 0.003 LKR to EUR
EUR EUR TWD TWD 34.1789 EUR to TWD 0.0293 TWD to EUR
EUR EUR THB THB 38.8244 EUR to THB 0.0258 THB to EUR
Updated: 2024-03-01
Convert from Convert to 1 EUR Conversion in currency Conversion
EUR EUR BHD BHD 0.4076 EUR to BHD 2.4536 BHD to EUR
EUR EUR EGP EGP 33.4132 EUR to EGP 0.0299 EGP to EUR
EUR EUR HKD HKD 8.4644 EUR to HKD 0.1181 HKD to EUR
EUR EUR ILS ILS 3.8624 EUR to ILS 0.2589 ILS to EUR
EUR EUR JOD JOD 0.7667 EUR to JOD 1.3043 JOD to EUR
EUR EUR KWD KWD 0.3328 EUR to KWD 3.0048 KWD to EUR
EUR EUR LBP LBP 96957.9024 EUR to LBP 0 LBP to EUR
EUR EUR OMR OMR 0.4163 EUR to OMR 2.4024 OMR to EUR
EUR EUR QAR QAR 3.9366 EUR to QAR 0.254 QAR to EUR
EUR EUR SAR SAR 4.0555 EUR to SAR 0.2466 SAR to EUR
EUR EUR AED AED 3.9717 EUR to AED 0.2518 AED to EUR
EUR EUR YER YER 270.6545 EUR to YER 0.0037 YER to EUR
Updated: 2024-03-01
Convert from Convert to 1 EUR Conversion in currency Conversion
EUR EUR DZD DZD 145.6448 EUR to DZD 0.0069 DZD to EUR
EUR EUR KES KES 158.9545 EUR to KES 0.0063 KES to EUR
EUR EUR MUR MUR 49.5784 EUR to MUR 0.0202 MUR to EUR
EUR EUR MAD MAD 10.9409 EUR to MAD 0.0914 MAD to EUR
EUR EUR NAD NAD 20.75 EUR to NAD 0.0482 NAD to EUR
EUR EUR NIO NIO 39.8501 EUR to NIO 0.0251 NIO to EUR
EUR EUR NGN NGN 1749.0928 EUR to NGN 0.0006 NGN to EUR
EUR EUR SLL SLL 21356.1413 EUR to SLL 0 SLL to EUR
EUR EUR ZAR ZAR 20.7134 EUR to ZAR 0.0483 ZAR to EUR
EUR EUR TZS TZS 2757.3715 EUR to TZS 0.0004 TZS to EUR
EUR EUR TND TND 3.3802 EUR to TND 0.2958 TND to EUR
EUR EUR UGX UGX 4251.8241 EUR to UGX 0.0002 UGX to EUR
EUR EUR XOF XOF 655.5162 EUR to XOF 0.0015 XOF to EUR
EUR EUR ZMK ZMK 9733.2136 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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