What is the Euro? – And more questions answered: a blog about what the EURO currency is and general information of Euros.
The Euro’s origins date back to the late 80s and early 90s, when the European Union was just beginning to coalesce. The relationship and currency of European nations has changed a lot since then, but the Euro has remained a fixture in the region, and experts expect that it will continue to be for years to come.
It is the second most used currency in international trade. Most US banks will exchange Euro’s back to US dollars. Banks quote one Euro as between $1.26 and $1.40 USD. The Euro can be divided into 100 cents. Everything from electronics to food is less expensive in Euro’s.” Most of Europe, except the United Kingdom and Denmark, are more than willing to jump aboard this experiment. The European Union brings progress and change with its monetary union, unlike the United States and Canada which have been silent about their own currency. The Euro has given European economies a great boost.
I think the Euro will continue to rise in value worldwide as it stabilizes itself. The Euro is still relatively new compared to other currencies, but it is growing. If you travel often, it may be worth your while to get acquainted with the currency. If you see a Euro symbol, remember that it stands for the entire currency and not just 1/20th of a whole!