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Euro (EUR) Exchange Rates on 01st October 2022 (01/10/2022)

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Exchange rates for Euro (EUR)

Updated: 2022-10-01
Convert from Convert to 1 EUR Conversion in currency Conversion
EUR EUR GBP GBP 0.8794 EUR to GBP 1.1372 GBP to EUR
EUR EUR BGN BGN 1.9572 EUR to BGN 0.5109 BGN to EUR
EUR EUR HRK HRK 7.5239 EUR to HRK 0.1329 HRK to EUR
EUR EUR CZK CZK 24.5932 EUR to CZK 0.0407 CZK to EUR
EUR EUR DKK DKK 7.4395 EUR to DKK 0.1344 DKK to EUR
EUR EUR HUF HUF 423.1486 EUR to HUF 0.0024 HUF to EUR
EUR EUR KZT KZT 467.0908 EUR to KZT 0.0021 KZT to EUR
EUR EUR LVL LVL 0.5931 EUR to LVL 1.6861 LVL to EUR
EUR EUR MKD MKD 61.904 EUR to MKD 0.0162 MKD to EUR
EUR EUR MDL MDL 19.1288 EUR to MDL 0.0523 MDL to EUR
EUR EUR NOK NOK 10.6736 EUR to NOK 0.0937 NOK to EUR
EUR EUR PLN PLN 4.8551 EUR to PLN 0.206 PLN to EUR
EUR EUR RON RON 4.9545 EUR to RON 0.2018 RON to EUR
EUR EUR RUB RUB 59.0284 EUR to RUB 0.0169 RUB to EUR
EUR EUR SEK SEK 10.8666 EUR to SEK 0.092 SEK to EUR
EUR EUR CHF CHF 0.9694 EUR to CHF 1.0316 CHF to EUR
EUR EUR TRY TRY 18.1408 EUR to TRY 0.0551 TRY to EUR
EUR EUR UAH UAH 36.2289 EUR to UAH 0.0276 UAH to EUR
Updated: 2022-10-01
Convert from Convert to 1 EUR Conversion in currency Conversion
EUR EUR ARS ARS 144.4255 EUR to ARS 0.0069 ARS to EUR
EUR EUR BOB BOB 6.7781 EUR to BOB 0.1475 BOB to EUR
EUR EUR BRL BRL 5.3068 EUR to BRL 0.1884 BRL to EUR
EUR EUR CAD CAD 1.3563 EUR to CAD 0.7373 CAD to EUR
EUR EUR KYD KYD 0.8175 EUR to KYD 1.2232 KYD to EUR
EUR EUR CLP CLP 949.1111 EUR to CLP 0.0011 CLP to EUR
EUR EUR COP COP 4520.0105 EUR to COP 0.0002 COP to EUR
EUR EUR CRC CRC 615.4872 EUR to CRC 0.0016 CRC to EUR
EUR EUR DOP DOP 52.5574 EUR to DOP 0.019 DOP to EUR
EUR EUR SVC SVC 8.5841 EUR to SVC 0.1165 SVC to EUR
EUR EUR FJD FJD 2.265 EUR to FJD 0.4415 FJD to EUR
EUR EUR HNL HNL 24.277 EUR to HNL 0.0412 HNL to EUR
EUR EUR JMD JMD 149.1766 EUR to JMD 0.0067 JMD to EUR
EUR EUR MXN MXN 19.7529 EUR to MXN 0.0506 MXN to EUR
EUR EUR ANG ANG 1.768 EUR to ANG 0.5656 ANG to EUR
EUR EUR PYG PYG 6934.546 EUR to PYG 0.0001 PYG to EUR
EUR EUR PEN PEN 3.9038 EUR to PEN 0.2562 PEN to EUR
EUR EUR TTD TTD 6.6647 EUR to TTD 0.15 TTD to EUR
EUR EUR USD USD 0.9805 EUR to USD 1.0199 USD to EUR
EUR EUR UYU UYU 40.5606 EUR to UYU 0.0247 UYU to EUR
EUR EUR VEF VEF 214210776864.35 EUR to VEF 0 VEF to EUR
Updated: 2022-10-01
Convert from Convert to 1 EUR Conversion in currency Conversion
EUR EUR AUD AUD 1.531 EUR to AUD 0.6531 AUD to EUR
EUR EUR BDT BDT 99.3711 EUR to BDT 0.0101 BDT to EUR
EUR EUR BND BND 1.4081 EUR to BND 0.7102 BND to EUR
EUR EUR CNY CNY 6.9771 EUR to CNY 0.1433 CNY to EUR
EUR EUR INR INR 80.0445 EUR to INR 0.0125 INR to EUR
EUR EUR IDR IDR 15004.9056 EUR to IDR 0.0001 IDR to EUR
EUR EUR JPY JPY 141.9134 EUR to JPY 0.007 JPY to EUR
EUR EUR MYR MYR 4.5465 EUR to MYR 0.2199 MYR to EUR
EUR EUR MVR MVR 15.1488 EUR to MVR 0.066 MVR to EUR
EUR EUR NPR NPR 127.8234 EUR to NPR 0.0078 NPR to EUR
EUR EUR NZD NZD 1.7545 EUR to NZD 0.57 NZD to EUR
EUR EUR PKR PKR 223.6516 EUR to PKR 0.0045 PKR to EUR
EUR EUR PGK PGK 3.4516 EUR to PGK 0.2897 PGK to EUR
EUR EUR PHP PHP 57.6536 EUR to PHP 0.0173 PHP to EUR
EUR EUR SCR SCR 12.8007 EUR to SCR 0.0781 SCR to EUR
EUR EUR SGD SGD 1.404 EUR to SGD 0.7122 SGD to EUR
EUR EUR KRW KRW 1412.1108 EUR to KRW 0.0007 KRW to EUR
EUR EUR LKR LKR 358.5228 EUR to LKR 0.0028 LKR to EUR
EUR EUR TWD TWD 31.1965 EUR to TWD 0.0321 TWD to EUR
EUR EUR THB THB 37.0651 EUR to THB 0.027 THB to EUR
Updated: 2022-10-01
Convert from Convert to 1 EUR Conversion in currency Conversion
EUR EUR BHD BHD 0.3699 EUR to BHD 2.7034 BHD to EUR
EUR EUR EGP EGP 19.1567 EUR to EGP 0.0522 EGP to EUR
EUR EUR HKD HKD 7.6966 EUR to HKD 0.1299 HKD to EUR
EUR EUR ILS ILS 3.4891 EUR to ILS 0.2866 ILS to EUR
EUR EUR JOD JOD 0.6952 EUR to JOD 1.4384 JOD to EUR
EUR EUR KWD KWD 0.3039 EUR to KWD 3.2905 KWD to EUR
EUR EUR LBP LBP 1487.3286 EUR to LBP 0.0007 LBP to EUR
EUR EUR OMR OMR 0.3775 EUR to OMR 2.6494 OMR to EUR
EUR EUR QAR QAR 3.57 EUR to QAR 0.2801 QAR to EUR
EUR EUR SAR SAR 3.6835 EUR to SAR 0.2715 SAR to EUR
EUR EUR AED AED 3.6013 EUR to AED 0.2777 AED to EUR
EUR EUR YER YER 245.3649 EUR to YER 0.0041 YER to EUR
Updated: 2022-10-01
Convert from Convert to 1 EUR Conversion in currency Conversion
EUR EUR DZD DZD 138.0747 EUR to DZD 0.0072 DZD to EUR
EUR EUR KES KES 118.4909 EUR to KES 0.0084 KES to EUR
EUR EUR MUR MUR 44.8532 EUR to MUR 0.0223 MUR to EUR
EUR EUR MAD MAD 10.7392 EUR to MAD 0.0931 MAD to EUR
EUR EUR NAD NAD 17.7274 EUR to NAD 0.0564 NAD to EUR
EUR EUR NIO NIO 35.2976 EUR to NIO 0.0283 NIO to EUR
EUR EUR NGN NGN 423.9298 EUR to NGN 0.0024 NGN to EUR
EUR EUR SLL SLL 15192.5437 EUR to SLL 0.0001 SLL to EUR
EUR EUR ZAR ZAR 17.7379 EUR to ZAR 0.0564 ZAR to EUR
EUR EUR TZS TZS 2284.5106 EUR to TZS 0.0004 TZS to EUR
EUR EUR TND TND 3.2052 EUR to TND 0.312 TND to EUR
EUR EUR UGX UGX 3777.7103 EUR to UGX 0.0003 UGX to EUR
EUR EUR XOF XOF 570.6388 EUR to XOF 0.0018 XOF to EUR
EUR EUR ZMK ZMK 8825.4863 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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