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Euro (EUR) Exchange Rates on 27th September 2023 (27/09/2023)

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Exchange rates for Euro (EUR)

Updated: 2023-09-27
Convert from Convert to 1 EUR Conversion in currency Conversion
EUR EUR GBP GBP 0.8698 EUR to GBP 1.1497 GBP to EUR
EUR EUR BGN BGN 1.9535 EUR to BGN 0.5119 BGN to EUR
EUR EUR HRK HRK 7.4089 EUR to HRK 0.135 HRK to EUR
EUR EUR CZK CZK 24.4172 EUR to CZK 0.041 CZK to EUR
EUR EUR DKK DKK 7.4559 EUR to DKK 0.1341 DKK to EUR
EUR EUR EEK EEK 0 EUR to EEK 0 EEK to EUR
EUR EUR HUF HUF 390.6222 EUR to HUF 0.0026 HUF to EUR
EUR EUR KZT KZT 508.2328 EUR to KZT 0.002 KZT to EUR
EUR EUR LVL LVL 0.6389 EUR to LVL 1.5652 LVL to EUR
EUR EUR LTL LTL 0 EUR to LTL 0 LTL to EUR
EUR EUR MKD MKD 61.5193 EUR to MKD 0.0163 MKD to EUR
EUR EUR MDL MDL 19.2515 EUR to MDL 0.0519 MDL to EUR
EUR EUR NOK NOK 11.427 EUR to NOK 0.0875 NOK to EUR
EUR EUR PLN PLN 4.6068 EUR to PLN 0.2171 PLN to EUR
EUR EUR RON RON 4.972 EUR to RON 0.2011 RON to EUR
EUR EUR RUB RUB 100.5092 EUR to RUB 0.0099 RUB to EUR
EUR EUR SKK SKK 0 EUR to SKK 0 SKK to EUR
EUR EUR SEK SEK 11.6167 EUR to SEK 0.0861 SEK to EUR
EUR EUR CHF CHF 0.9684 EUR to CHF 1.0326 CHF to EUR
EUR EUR TRY TRY 28.8423 EUR to TRY 0.0347 TRY to EUR
EUR EUR UAH UAH 39.1427 EUR to UAH 0.0255 UAH to EUR
Updated: 2023-09-27
Convert from Convert to 1 EUR Conversion in currency Conversion
EUR EUR ARS ARS 369.6853 EUR to ARS 0.0027 ARS to EUR
EUR EUR BOB BOB 7.3234 EUR to BOB 0.1365 BOB to EUR
EUR EUR BRL BRL 5.268 EUR to BRL 0.1898 BRL to EUR
EUR EUR CAD CAD 1.428 EUR to CAD 0.7003 CAD to EUR
EUR EUR KYD KYD 0.8832 EUR to KYD 1.1323 KYD to EUR
EUR EUR CLP CLP 954.8981 EUR to CLP 0.001 CLP to EUR
EUR EUR COP COP 4296.5925 EUR to COP 0.0002 COP to EUR
EUR EUR CRC CRC 570.7047 EUR to CRC 0.0018 CRC to EUR
EUR EUR DOP DOP 60.1109 EUR to DOP 0.0166 DOP to EUR
EUR EUR SVC SVC 9.4918 EUR to SVC 0.1054 SVC to EUR
EUR EUR FJD FJD 2.4281 EUR to FJD 0.4119 FJD to EUR
EUR EUR HNL HNL 26.1288 EUR to HNL 0.0383 HNL to EUR
EUR EUR JMD JMD 163.7595 EUR to JMD 0.0061 JMD to EUR
EUR EUR MXN MXN 18.5258 EUR to MXN 0.054 MXN to EUR
EUR EUR ANG ANG 1.91 EUR to ANG 0.5235 ANG to EUR
EUR EUR PYG PYG 7724.4116 EUR to PYG 0.0001 PYG to EUR
EUR EUR PEN PEN 4.0039 EUR to PEN 0.2498 PEN to EUR
EUR EUR TTD TTD 7.1893 EUR to TTD 0.1391 TTD to EUR
EUR EUR USD USD 1.0562 EUR to USD 0.9468 USD to EUR
EUR EUR UYU UYU 40.4177 EUR to UYU 0.0247 UYU to EUR
EUR EUR VEF VEF 3582461.7524 EUR to VEF 0 VEF to EUR
Updated: 2023-09-27
Convert from Convert to 1 EUR Conversion in currency Conversion
EUR EUR AUD AUD 1.655 EUR to AUD 0.6042 AUD to EUR
EUR EUR BDT BDT 116.8524 EUR to BDT 0.0086 BDT to EUR
EUR EUR BND BND 1.4498 EUR to BND 0.6898 BND to EUR
EUR EUR CNY CNY 7.7141 EUR to CNY 0.1296 CNY to EUR
EUR EUR INR INR 87.8917 EUR to INR 0.0114 INR to EUR
EUR EUR IDR IDR 16398.4721 EUR to IDR 0.0001 IDR to EUR
EUR EUR JPY JPY 157.4069 EUR to JPY 0.0064 JPY to EUR
EUR EUR MYR MYR 4.971 EUR to MYR 0.2012 MYR to EUR
EUR EUR MVR MVR 16.3292 EUR to MVR 0.0612 MVR to EUR
EUR EUR NPR NPR 141.0905 EUR to NPR 0.0071 NPR to EUR
EUR EUR NZD NZD 1.7816 EUR to NZD 0.5613 NZD to EUR
EUR EUR PKR PKR 303.1012 EUR to PKR 0.0033 PKR to EUR
EUR EUR PGK PGK 3.8577 EUR to PGK 0.2592 PGK to EUR
EUR EUR PHP PHP 60.1422 EUR to PHP 0.0166 PHP to EUR
EUR EUR SCR SCR 13.8659 EUR to SCR 0.0721 SCR to EUR
EUR EUR SGD SGD 1.4477 EUR to SGD 0.6908 SGD to EUR
EUR EUR KRW KRW 1426.6037 EUR to KRW 0.0007 KRW to EUR
EUR EUR LKR LKR 343.4529 EUR to LKR 0.0029 LKR to EUR
EUR EUR TWD TWD 34.0507 EUR to TWD 0.0294 TWD to EUR
EUR EUR THB THB 38.5563 EUR to THB 0.0259 THB to EUR
Updated: 2023-09-27
Convert from Convert to 1 EUR Conversion in currency Conversion
EUR EUR BHD BHD 0.3982 EUR to BHD 2.5113 BHD to EUR
EUR EUR EGP EGP 32.663 EUR to EGP 0.0306 EGP to EUR
EUR EUR HKD HKD 8.2599 EUR to HKD 0.1211 HKD to EUR
EUR EUR ILS ILS 4.041 EUR to ILS 0.2475 ILS to EUR
EUR EUR JOD JOD 0.7497 EUR to JOD 1.3339 JOD to EUR
EUR EUR KWD KWD 0.3266 EUR to KWD 3.0621 KWD to EUR
EUR EUR LBP LBP 15892.4825 EUR to LBP 0.0001 LBP to EUR
EUR EUR OMR OMR 0.4066 EUR to OMR 2.4592 OMR to EUR
EUR EUR QAR QAR 3.8456 EUR to QAR 0.26 QAR to EUR
EUR EUR SAR SAR 3.9604 EUR to SAR 0.2525 SAR to EUR
EUR EUR AED AED 3.8794 EUR to AED 0.2578 AED to EUR
EUR EUR YER YER 264.4179 EUR to YER 0.0038 YER to EUR
Updated: 2023-09-27
Convert from Convert to 1 EUR Conversion in currency Conversion
EUR EUR DZD DZD 145.1386 EUR to DZD 0.0069 DZD to EUR
EUR EUR KES KES 156.1577 EUR to KES 0.0064 KES to EUR
EUR EUR MUR MUR 47.2201 EUR to MUR 0.0212 MUR to EUR
EUR EUR MAD MAD 10.8712 EUR to MAD 0.092 MAD to EUR
EUR EUR NAD NAD 20.1103 EUR to NAD 0.0497 NAD to EUR
EUR EUR NIO NIO 38.7778 EUR to NIO 0.0258 NIO to EUR
EUR EUR NGN NGN 826.151 EUR to NGN 0.0012 NGN to EUR
EUR EUR SLL SLL 20859.8084 EUR to SLL 0 SLL to EUR
EUR EUR ZAR ZAR 20.1601 EUR to ZAR 0.0496 ZAR to EUR
EUR EUR TZS TZS 2645.7625 EUR to TZS 0.0004 TZS to EUR
EUR EUR TND TND 3.3545 EUR to TND 0.2981 TND to EUR
EUR EUR UGX UGX 3994.7673 EUR to UGX 0.0003 UGX to EUR
EUR EUR XOF XOF 656.0767 EUR to XOF 0.0015 XOF to EUR
EUR EUR ZMK ZMK 9507.0053 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/
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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