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Euro (EUR) Exchange Rates on 19th March 2024 (19/03/2024)

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Exchange rates for Euro (EUR)

Updated: 2024-03-19
Convert from Convert to 1 EUR Conversion in currency Conversion
EUR EUR GBP GBP 0.8547 EUR to GBP 1.17 GBP to EUR
EUR EUR BGN BGN 1.9555 EUR to BGN 0.5114 BGN to EUR
EUR EUR HRK HRK 7.4836 EUR to HRK 0.1336 HRK to EUR
EUR EUR CZK CZK 25.2384 EUR to CZK 0.0396 CZK to EUR
EUR EUR DKK DKK 7.4567 EUR to DKK 0.1341 DKK to EUR
EUR EUR EEK EEK 0 EUR to EEK 0 EEK to EUR
EUR EUR HUF HUF 394.9653 EUR to HUF 0.0025 HUF to EUR
EUR EUR KZT KZT 490.9444 EUR to KZT 0.002 KZT to EUR
EUR EUR LVL LVL 0.6577 EUR to LVL 1.5204 LVL to EUR
EUR EUR LTL LTL 0 EUR to LTL 0 LTL to EUR
EUR EUR MKD MKD 61.5342 EUR to MKD 0.0163 MKD to EUR
EUR EUR MDL MDL 19.2898 EUR to MDL 0.0518 MDL to EUR
EUR EUR NOK NOK 11.5962 EUR to NOK 0.0862 NOK to EUR
EUR EUR PLN PLN 4.3227 EUR to PLN 0.2313 PLN to EUR
EUR EUR RON RON 4.9711 EUR to RON 0.2012 RON to EUR
EUR EUR RUB RUB 99.4193 EUR to RUB 0.0101 RUB to EUR
EUR EUR SKK SKK 0 EUR to SKK 0 SKK to EUR
EUR EUR SEK SEK 11.3437 EUR to SEK 0.0882 SEK to EUR
EUR EUR CHF CHF 0.9656 EUR to CHF 1.0356 CHF to EUR
EUR EUR TRY TRY 35.1641 EUR to TRY 0.0284 TRY to EUR
EUR EUR UAH UAH 42.534 EUR to UAH 0.0235 UAH to EUR
Updated: 2024-03-19
Convert from Convert to 1 EUR Conversion in currency Conversion
EUR EUR ARS ARS 926.5377 EUR to ARS 0.0011 ARS to EUR
EUR EUR BOB BOB 7.536 EUR to BOB 0.1327 BOB to EUR
EUR EUR BRL BRL 5.4691 EUR to BRL 0.1828 BRL to EUR
EUR EUR CAD CAD 1.4726 EUR to CAD 0.6791 CAD to EUR
EUR EUR KYD KYD 0.909 EUR to KYD 1.1001 KYD to EUR
EUR EUR CLP CLP 1029.637 EUR to CLP 0.001 CLP to EUR
EUR EUR COP COP 4229.4378 EUR to COP 0.0002 COP to EUR
EUR EUR CRC CRC 554.9589 EUR to CRC 0.0018 CRC to EUR
EUR EUR DOP DOP 64.5201 EUR to DOP 0.0155 DOP to EUR
EUR EUR SVC SVC 9.5444 EUR to SVC 0.1048 SVC to EUR
EUR EUR FJD FJD 2.4663 EUR to FJD 0.4055 FJD to EUR
EUR EUR HNL HNL 26.9356 EUR to HNL 0.0371 HNL to EUR
EUR EUR JMD JMD 168.1467 EUR to JMD 0.0059 JMD to EUR
EUR EUR MXN MXN 18.3105 EUR to MXN 0.0546 MXN to EUR
EUR EUR ANG ANG 1.9654 EUR to ANG 0.5088 ANG to EUR
EUR EUR PYG PYG 7954.7096 EUR to PYG 0.0001 PYG to EUR
EUR EUR PEN PEN 4.0213 EUR to PEN 0.2487 PEN to EUR
EUR EUR TTD TTD 7.3974 EUR to TTD 0.1352 TTD to EUR
EUR EUR USD USD 1.0874 EUR to USD 0.9197 USD to EUR
EUR EUR UYU UYU 41.8991 EUR to UYU 0.0239 UYU to EUR
EUR EUR VEF VEF 3941868.3091 EUR to VEF 0 VEF to EUR
Updated: 2024-03-19
Convert from Convert to 1 EUR Conversion in currency Conversion
EUR EUR AUD AUD 1.6628 EUR to AUD 0.6014 AUD to EUR
EUR EUR BDT BDT 119.691 EUR to BDT 0.0084 BDT to EUR
EUR EUR BND BND 1.4585 EUR to BND 0.6857 BND to EUR
EUR EUR CNY CNY 7.8275 EUR to CNY 0.1278 CNY to EUR
EUR EUR INR INR 90.1785 EUR to INR 0.0111 INR to EUR
EUR EUR IDR IDR 17082.4648 EUR to IDR 0.0001 IDR to EUR
EUR EUR JPY JPY 162.8346 EUR to JPY 0.0061 JPY to EUR
EUR EUR MYR MYR 5.1411 EUR to MYR 0.1945 MYR to EUR
EUR EUR MVR MVR 16.7509 EUR to MVR 0.0597 MVR to EUR
EUR EUR NPR NPR 144.6906 EUR to NPR 0.0069 NPR to EUR
EUR EUR NZD NZD 1.7914 EUR to NZD 0.5582 NZD to EUR
EUR EUR PKR PKR 305.0278 EUR to PKR 0.0033 PKR to EUR
EUR EUR PGK PGK 4.1119 EUR to PGK 0.2432 PGK to EUR
EUR EUR PHP PHP 60.6037 EUR to PHP 0.0165 PHP to EUR
EUR EUR SCR SCR 14.7363 EUR to SCR 0.0679 SCR to EUR
EUR EUR SGD SGD 1.4572 EUR to SGD 0.6863 SGD to EUR
EUR EUR KRW KRW 1454.697 EUR to KRW 0.0007 KRW to EUR
EUR EUR LKR LKR 332.3122 EUR to LKR 0.003 LKR to EUR
EUR EUR TWD TWD 34.5015 EUR to TWD 0.029 TWD to EUR
EUR EUR THB THB 39.1396 EUR to THB 0.0255 THB to EUR
Updated: 2024-03-19
Convert from Convert to 1 EUR Conversion in currency Conversion
EUR EUR BHD BHD 0.4097 EUR to BHD 2.4406 BHD to EUR
EUR EUR EGP EGP 51.2235 EUR to EGP 0.0195 EGP to EUR
EUR EUR HKD HKD 8.5039 EUR to HKD 0.1176 HKD to EUR
EUR EUR ILS ILS 3.9712 EUR to ILS 0.2518 ILS to EUR
EUR EUR JOD JOD 0.7708 EUR to JOD 1.2973 JOD to EUR
EUR EUR KWD KWD 0.3342 EUR to KWD 2.9924 KWD to EUR
EUR EUR LBP LBP 97676.5144 EUR to LBP 0 LBP to EUR
EUR EUR OMR OMR 0.4186 EUR to OMR 2.3891 OMR to EUR
EUR EUR QAR QAR 3.9588 EUR to QAR 0.2526 QAR to EUR
EUR EUR SAR SAR 4.0772 EUR to SAR 0.2453 SAR to EUR
EUR EUR AED AED 3.9925 EUR to AED 0.2505 AED to EUR
EUR EUR YER YER 272.2216 EUR to YER 0.0037 YER to EUR
Updated: 2024-03-19
Convert from Convert to 1 EUR Conversion in currency Conversion
EUR EUR DZD DZD 146.1761 EUR to DZD 0.0068 DZD to EUR
EUR EUR KES KES 147.7941 EUR to KES 0.0068 KES to EUR
EUR EUR MUR MUR 49.9846 EUR to MUR 0.02 MUR to EUR
EUR EUR MAD MAD 10.9609 EUR to MAD 0.0912 MAD to EUR
EUR EUR NAD NAD 20.6273 EUR to NAD 0.0485 NAD to EUR
EUR EUR NIO NIO 40.1483 EUR to NIO 0.0249 NIO to EUR
EUR EUR NGN NGN 1701.9622 EUR to NGN 0.0006 NGN to EUR
EUR EUR SLL SLL 24566.2009 EUR to SLL 0 SLL to EUR
EUR EUR ZAR ZAR 20.6236 EUR to ZAR 0.0485 ZAR to EUR
EUR EUR TZS TZS 2774.9491 EUR to TZS 0.0004 TZS to EUR
EUR EUR TND TND 3.3738 EUR to TND 0.2964 TND to EUR
EUR EUR UGX UGX 4237.98 EUR to UGX 0.0002 UGX to EUR
EUR EUR XOF XOF 656.2627 EUR to XOF 0.0015 XOF to EUR
EUR EUR ZMK ZMK 9787.5687 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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