EUR - Euro
The conversion rates from Euro to other currencies were last updated 58 minutes ago.
1 EUR = 1.116 ARS
Euro to Argentine Peso Converter
1 EUR = 1.116 AUD
Euro to Australian Dollar Converter
1 EUR = 0.000167 BTC
Euro to Bitcoin Converter
1 EUR = 1.116 BRL
Euro to Brazilian Real Converter
1 EUR = 0.858 GBP
Euro to British Pound Sterling Converter
1 EUR = 1.116 CAD
Euro to Canadian Dollar Converter
1 EUR = 1.116 CLP
Euro to Chilean Peso Converter
1 EUR = 1.116 CNY
Euro to Chinese Yuan Converter
1 EUR = 1.116 CZK
Euro to Czech Republic Koruna Converter
1 EUR = 1.116 DKK
Euro to Danish Krone Converter
1 EUR = 0.005 ETH
Euro to Ethereum Converter
1 EUR = 1.116 HKD
Euro to Hong Kong Dollar Converter
1 EUR = 1.116 HUF
Euro to Hungarian Forint Converter
1 EUR = 1.116 ISK
Euro to Icelandic Króna Converter
1 EUR = 1.116 INR
Euro to Indian Rupee Converter
1 EUR = 1.116 IDR
Euro to Indonesian Rupiah Converter
1 EUR = 1.116 ILS
Euro to Israeli New Sheqel Converter
1 EUR = 1.116 JPY
Euro to Japanese Yen Converter
1 EUR = 1.116 MYR
Euro to Malaysian Ringgit Converter
1 EUR = 1.116 MXN
Euro to Mexican Peso Converter
1 EUR = 1.116 NZD
Euro to New Zealand Dollar Converter
1 EUR = 1.116 NOK
Euro to Norwegian Krone Converter
1 EUR = 1.116 PKR
Euro to Pakistani Rupee Converter
1 EUR = 1.116 PHP
Euro to Philippine Peso Converter
1 EUR = 1.116 PLN
Euro to Polish Zloty Converter
1 EUR = 1.116 RUB
Euro to Russian Ruble Converter
1 EUR = 1.116 SGD
Euro to Singapore Dollar Converter
1 EUR = 1.116 ZAR
Euro to South African Rand Converter
1 EUR = 1.116 KRW
Euro to South Korean Won Converter
1 EUR = 1.116 SEK
Euro to Swedish Krona Converter
1 EUR = 1.089 CHF
Euro to Swiss Franc Converter
1 EUR = 1.116 TWD
Euro to Taiwan Dollar Converter
1 EUR = 1.116 THB
Euro to Thai Baht Converter
1 EUR = 1.116 TRY
Euro to Turkish Lira Converter
1 EUR = 1.116 USD
Euro to US Dollar Converter
|ISO 4217 Code||EUR|
|Countries||Germany, France, Austria, Belgium, Cyprus, Greece, Finland, Estonia, Ireland, Italy, Latvia, Luxembourg, Malta, the Netherlands, Portugal, Slovenia, Slovakia Spain|
|Central Bank||European Central Bank|
|Website of the Central Bank||www.ecb.europa.eu|
|Sub Unit||1 EUR = 100 cents|
|Minor Units||1/100 Cent|
|Inflation||0.8% (January 2014)|
|Source of Inflation||ECB Statistical Data Warehouse|
|Printers of the EUR Banknotes||Istituto Poligrafico e Zecca dello Stato, Banco de Portugal, Bank of Greece, Banque de France, Bundesdruckerei, Central Bank and Financial Services Authority of Ireland, De La Rue, Fábrica Nacional de Moneda y Timbre, François-Charles Oberthur, Giesecke and Devrient, Royal Joh. Enschedé, National Bank of Belgium, Oesterreichische Banknoten- und Sicherheitsdruck GmbH, Setec Oy.|
|Producer of EUR Coins (Mint)||Bayerisches Hauptmünzamt - Munich, Currency Centre, Fábrica Nacional de Moneda y Timbre, Hamburgische Münze(J), Imprensa Nacional Casa da Moeda SA, Istituto Poligrafico e Zecca dello Stato, Koninklijke Nederlandse Munt, Koninklijke Munt van België/Monnaie Royale de Belgique, Mincovňa Kremnica, Monnaie de Paris, Münze Österreich, Rahapaja Oy/Myntverket i Finland Ab, Staatliche Münze Berlin(A), Staatliche Münze Karlsruhe (G), Staatliche Münze Stuttgart (F).|
The Euro is the currency and legal tender of the Eurozone and uses € as its symbol.
The Euro consists out of 100 smaller units called cents.
- 1 Euro = 100 cents
Countries using EUR
The Eurozone is comprised out of 18 countries, out of the total of 28 countries that are members of the European Union, including
- the Netherlands
- Slovakia and
Apart from these, the euro is used as legal tender in five more countries.
Not all countries that are members of European Union use the euro as their official currency. Some of them opted to keep their own currency. This was the case with Denmark and the United Kingdom. Also countries, which do not meet requirement for the introduction of euro, the last members of the European Union and Sweden are among those, which still use their national currency.
Global Exchange of Euro
334 million people in Europe carry out monetary transactions involving the euro. Also, it is estimated that about 210 million people across the globe exchange and use currencies that are tied or pegged to the euro, including 182 million Africans, according to research.
Looking at the numbers, the euro is right behind the U.S. dollar in terms of how much it is being traded in the world. Also, it is the second largest reserve currency. If you were to add up the value of all the banknotes and coins that are currently in use, the amount would beat the U.S Dollar.
History and Introduction of the Euro
|1995||The euro was given its name in 1995, but was not used as a means of monetary exchange right away.|
|1999||Instead, it was a currency that was used for accounting purposed only, and also a successor to the old European Currency Unit (ECU), in 1999, with the rate set as 1:1.|
|2002||Actual banknotes and coins were introduced in 2002.|
Euro Banknotes and Coins
The Euro currently circulates in two different forms: paper and coin. Currently there is a total of 8 coin and 7 paper note denominations.
Currently coins in use are € 0.01, € 0.02, € 0.05, € 0.10, € 0.20, € 0.50, € 1 and € 2. Paper notes are available in € 5, € 10, € 20, € 50, €100, € 200 and € 500.
Current coin denominations
- € 0.01
- € 0.02
- € 0.10
- € 0.20
- € 0.50
- € 1
- € 2
Current paper notes denominations
- € 5
- € 10
- € 20
- € 50
- € 100
- € 200
- € 500
Material used to manufacture Euro banknotes
The material used for the Euro banknotes is pure cotton fiber.
Material used to manufacture Euro coins
There are several different metals used for Euro coins including:
- Copper covered steel,
- Nordic gold,
- Nickel brass,
- Nickel and
- Nickel brass
Every Euro banknote has a different size. The size of the banknote increases with the worth of the banknote. Euro bank notes measure from 120 mm x 62 mm (4.7 in × 2.4 in) to 160 mm x 82 mm (6.3 in × 3.2 in).
Same rule applies to the coins. The smallest Euro coin's diameter is 16.25 mm, compared to the biggest one whichs diameter measures 25.75mm.
Design of Euro banknotes
As opposed to the design of the coins, the euro banknotes feature common design on both the obverse and reverse of the note. Denominations that are in circulation right now (€ 5, € 10, € 20, € 50, € 100, € 200, and the € 500 notes) differ from each other by color and the depiction of a chosen artistic period of European history. Also, the obverse of the bill features motifs of windows and gates, while the reverse shows depictions of bridges, in order to symbolize the connection between the countries that use, as well as to represent a road to the future.
Although the bridges are designed to be generic, with no specific bridge in mind, initial design of the note features some actual bridges, like the Rialto and the Pont de Neuilly. While some of the characteristics of those bridges were kept in the new designs, each bridge is supposed to be non-specific. There were some design changes introduced in 2013. New notes show the obverse on its upper part, while the reverse is shown on the lower part.
|Bank note||Front side|
|€ 5||Classical architecture|
|€ 10||Romanesque architecture|
|€ 20||Gothic architecture|
|€ 50||The Renaissance|
|€ 100||Baroque and Rococo|
|€ 200||Art Nouveau|
|€ 500||Modern architecture|
Design of Euro coins
The design of the coins that are currently in use is similar on one side, which features the denomination of the coins, with the background depicting a map.
Language on the Euro coin
Because the euro is used in so many countries, there was also the issue of having so many different languages. As a solution, it was decided that Latin inscriptions were to be used, seeing as they were more common that Greek or Cyrillic lettering.
Also, Arabic numbers were used to show the value of coins. Lettering and text in national languages is allowed on the other side of the coin.
Back of the Euro coin
The map in the background, with the exception of the 1, 2 and 5-cent coins, shows the 15 countries which were members of the European Union when the new currency was issued and put into circulation.
Since 2007, most of the coins feature a new map, which also includes some countries that are not members, like Norway. The old 1, 2 and 5-cent coins kept their original design.
Front of the Euro coin
The national side of the coin is country-specific, which means that every county can choose an image representing it and display it on the coin.
Even though these coins differ in design, they are treated the same, and the euro from, for example, Greece, can be used in Spain, and vice versa.
Printing and Minting
Since Euro is used in a bunch of different countries, there are several institutions that print the Euro banknotes and several Mint institutions that produce the euro coins.
- Istituto Poligrafico e Zecca dello Stato
- Banco de Portugal
- Bank of Greece
- Banque de France
- Central Bank and Financial Services Authority of Ireland
- De La Rue
- Fábrica Nacional de Moneda y Timbre
- François-Charles Oberthur
- Giesecke and Devrient
- Royal Joh. Enschedé
- National Bank of Belgium
- Oesterreichische Banknoten- und Sicherheitsdruck GmbH
- Setec Oy
- Bayerisches Hauptmünzamt, Munich (Mint mark: D)
- Currency Centre
- Fábrica Nacional de Moneda y Timbre
- Hamburgische Münze(J)
- Imprensa Nacional Casa da Moeda SA
- Istituto Poligrafico e Zecca dello Stato
- Koninklijke Nederlandse Munt
- Koninklijke Munt van België/Monnaie Royale de Belgique
- Mincovňa Kremnica
- Monnaie de Paris
- Münze Österreich
- Rahapaja Oy/Myntverket i Finland Ab
- Staatliche Münze Berlin(A)
- Staatliche Münze Karlsruhe (G)
- Staatliche Münze Stuttgart (F)
The official entities, which control and manage the Euro are
- the European Central Bank (ECB), which is located in Frankfurt, Germany,
- and the Eurosystem, which consists of central banks of all Eurozone states.
However, these two bodies handle the euro in different ways.
While the European Central Bank has the exclusive
- right to administer the euro,
the Eurosystem is in charge of
- the printing of notes
- minting of coins
- distribution throughout all the European Union member states, which use the euro as their official currency
Euros nickname is “the single currency”. There are also local nicknames within certain countries, which are:
- Ege (Finnish)
- Quid (Hiberno-English)
- Europoulo (Greek)
- Teuro, Eurone (German)
- Ouro (Galician)
- Juró (Hungarian)
- Eiro (Latvian)
- Ewro (Maltese)