Euro (EUR) Exchange Rates on 26th May 2017 (26/05/2017)

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Exchange rates for Euro (EUR)

Updated: 2017-05-26
Convert from Convert to 1 EUR Conversion in currency Conversion
EUR GBP 0.7968 EUR to GBP 1.2551 GBP to EUR
EUR BGN 1.9612 EUR to BGN 0.5099 BGN to EUR
EUR HRK 7.6217 EUR to HRK 0.1312 HRK to EUR
EUR CZK 27.6012 EUR to CZK 0.0362 CZK to EUR
EUR DKK 7.4426 EUR to DKK 0.1344 DKK to EUR
EUR EEK 0 EUR to EEK 0 EEK to EUR
EUR HUF 314.1728 EUR to HUF 0.0032 HUF to EUR
EUR KZT 235.1578 EUR to KZT 0.0043 KZT to EUR
EUR LVL 0.7025 EUR to LVL 1.4235 LVL to EUR
EUR LTL 3.4525 EUR to LTL 0.2896 LTL to EUR
EUR MKD 61.3846 EUR to MKD 0.0163 MKD to EUR
EUR MDL 18.4759 EUR to MDL 0.0541 MDL to EUR
EUR NOK 8.2448 EUR to NOK 0.1213 NOK to EUR
EUR PLN 4.1968 EUR to PLN 0.2383 PLN to EUR
EUR RON 4.4174 EUR to RON 0.2264 RON to EUR
EUR RUB 48.5239 EUR to RUB 0.0206 RUB to EUR
EUR SKK 0 EUR to SKK 0 SKK to EUR
EUR SEK 9.2137 EUR to SEK 0.1085 SEK to EUR
EUR CHF 1.2093 EUR to CHF 0.8269 CHF to EUR
EUR TRY 2.8444 EUR to TRY 0.3516 TRY to EUR
EUR UAH 16.7707 EUR to UAH 0.0596 UAH to EUR
Updated: 2017-05-26
Convert from Convert to 1 EUR Conversion in currency Conversion
EUR ARS 10.857 EUR to ARS 0.0921 ARS to EUR
EUR BOB 8.9275 EUR to BOB 0.112 BOB to EUR
EUR BRL 2.9577 EUR to BRL 0.3381 BRL to EUR
EUR CAD 1.4278 EUR to CAD 0.7004 CAD to EUR
EUR KYD 1.0595 EUR to KYD 0.9439 KYD to EUR
EUR CLP 761.1932 EUR to CLP 0.0013 CLP to EUR
EUR COP 2552.3727 EUR to COP 0.0004 COP to EUR
EUR CRC 700.156 EUR to CRC 0.0014 CRC to EUR
EUR DOP 56.4363 EUR to DOP 0.0177 DOP to EUR
EUR SVC 11.3015 EUR to SVC 0.0885 SVC to EUR
EUR FJD 2.3851 EUR to FJD 0.4193 FJD to EUR
EUR HNL 27.3263 EUR to HNL 0.0366 HNL to EUR
EUR JMD 145.4165 EUR to JMD 0.0069 JMD to EUR
EUR MXN 17.0806 EUR to MXN 0.0585 MXN to EUR
EUR ANG 2.3128 EUR to ANG 0.4324 ANG to EUR
EUR PYG 5548.2831 EUR to PYG 0.0002 PYG to EUR
EUR PEN 3.6888 EUR to PEN 0.2711 PEN to EUR
EUR TTD 8.202 EUR to TTD 0.1219 TTD to EUR
EUR USD 1.292 EUR to USD 0.774 USD to EUR
EUR UYU 31.306 EUR to UYU 0.0319 UYU to EUR
EUR VEF 8.124 EUR to VEF 0.1231 VEF to EUR
Updated: 2017-05-26
Convert from Convert to 1 EUR Conversion in currency Conversion
EUR AUD 1.421 EUR to AUD 0.7038 AUD to EUR
EUR BDT 100.0618 EUR to BDT 0.01 BDT to EUR
EUR BND 1.632 EUR to BND 0.6127 BND to EUR
EUR CNY 7.9202 EUR to CNY 0.1263 CNY to EUR
EUR INR 78.6273 EUR to INR 0.0127 INR to EUR
EUR IDR 15336.1161 EUR to IDR 0.0001 IDR to EUR
EUR JPY 138.3327 EUR to JPY 0.0072 JPY to EUR
EUR MYR 4.1255 EUR to MYR 0.2424 MYR to EUR
EUR MVR 19.8587 EUR to MVR 0.0504 MVR to EUR
EUR NPR 126.0356 EUR to NPR 0.0079 NPR to EUR
EUR NZD 1.582 EUR to NZD 0.6321 NZD to EUR
EUR PKR 132.1758 EUR to PKR 0.0076 PKR to EUR
EUR PGK 3.1981 EUR to PGK 0.3127 PGK to EUR
EUR PHP 56.74 EUR to PHP 0.0176 PHP to EUR
EUR SCR 16.7683 EUR to SCR 0.0596 SCR to EUR
EUR SGD 1.6134 EUR to SGD 0.6198 SGD to EUR
EUR KRW 1339.4552 EUR to KRW 0.0007 KRW to EUR
EUR LKR 168.3213 EUR to LKR 0.0059 LKR to EUR
EUR TWD 38.8096 EUR to TWD 0.0258 TWD to EUR
EUR THB 41.5779 EUR to THB 0.0241 THB to EUR
Updated: 2017-05-26
Convert from Convert to 1 EUR Conversion in currency Conversion
EUR BHD 0.4872 EUR to BHD 2.0524 BHD to EUR
EUR EGP 9.2413 EUR to EGP 0.1082 EGP to EUR
EUR HKD 10.014 EUR to HKD 0.0999 HKD to EUR
EUR ILS 4.6898 EUR to ILS 0.2132 ILS to EUR
EUR JOD 0.9155 EUR to JOD 1.0923 JOD to EUR
EUR KWD 0.3702 EUR to KWD 2.7012 KWD to EUR
EUR LBP 1954.8564 EUR to LBP 0.0005 LBP to EUR
EUR OMR 0.4974 EUR to OMR 2.0106 OMR to EUR
EUR QAR 4.7052 EUR to QAR 0.2125 QAR to EUR
EUR SAR 4.8462 EUR to SAR 0.2063 SAR to EUR
EUR AED 4.7459 EUR to AED 0.2107 AED to EUR
EUR YER 277.666 EUR to YER 0.0036 YER to EUR
Updated: 2017-05-26
Convert from Convert to 1 EUR Conversion in currency Conversion
EUR DZD 104.5236 EUR to DZD 0.0096 DZD to EUR
EUR KES 114.8622 EUR to KES 0.0087 KES to EUR
EUR MUR 40.9576 EUR to MUR 0.0244 MUR to EUR
EUR MAD 11.1299 EUR to MAD 0.0898 MAD to EUR
EUR NAD 14.1682 EUR to NAD 0.0706 NAD to EUR
EUR NIO 33.8579 EUR to NIO 0.0295 NIO to EUR
EUR NGN 210.3444 EUR to NGN 0.0048 NGN to EUR
EUR SLL 5646.019 EUR to SLL 0.0002 SLL to EUR
EUR ZAR 14.1821 EUR to ZAR 0.0705 ZAR to EUR
EUR TZS 2149.2768 EUR to TZS 0.0005 TZS to EUR
EUR TND 2.2805 EUR to TND 0.4385 TND to EUR
EUR UGX 3365.7424 EUR to UGX 0.0003 UGX to EUR
EUR XOF 656.1613 EUR to XOF 0.0015 XOF to EUR
EUR ZMK 6800.472 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/

THINGS TO KNOW ABOUT EURO [INFOGRAPHIC] --->

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
XE.com Live Currency Converter for EUR

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