EUR - Euro

Euro Member Countries, Euro

Our currency rankings show that the most popular Euro exchange rate is the USD to EUR rate.The currency code for Euros is EUR, and the currency symbol is €.Below, you'll find Euro rates and a currency converter.You can also subscribe to our currency newsletters with daily rates and analysis, read the XE Currency Blog,or take EUR rates on the go with our XE Currency Apps and website.More info 

Top EUR Exchange Rates

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Currency Facts

EUR Stats

Name: Euro

Symbol:Cent: cent

Minor Unit:

Central Bank Rate: 0.00

Top EUR Conversion:

Top EUR Chart:

EUR Profile

Inflation: 0.10%

Nicknames: Ege (Finnish), Leru (Spanish), Yoyo (Irish English), Teuro (German)

Freq Used: €1, €2, 5cent, 10cent, 20cent, 50cent
Rarely Used: 1cent, 2cent

Freq Used: €5, €10, €20, €50, €100
Rarely Used: €200, €500

Central Bank:
European Central Bank

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Euro History

The central bank in Europe is called the European Central Bank (ECB). Currently, 17 EU member states have adopted the Euro. It is the second-most traded currency on the forex market, after the US Dollar, and also a major global reserve currency. Other common names for the Euro include Yoyo (Irish English), Leru (Spanish), and Ege (Finnish).

Introduction of the Euro
On January 1, 1999, the Euro (EUR) was introduced as an account currency, replacing the European Currency Unit at par. The European Currency Unit was a theoretical basket of currencies rather than a physical currency in and of itself. Initially, eleven of the countries in the European Economic and Monetary Union replaced their own currencies with the Euro: Austria, Belgium, Finland, France, Germany, Ireland, Italy, Luxembourg, the Netherlands, Portugal, and Spain. Greece followed suit in 2001, Slovenia in 2007, Malta and Cyprus in 2008, and Slovakia in 2009. On January 1, 2014, the Latvian Lats will also be replaced by the Euro.

Use of the Euro outside the EU
A number of sovereign states that are not part of the European Union have since adopted the Euro, including the Principality of Andorra, the Principality of Monaco, the Republic of San Marino, and the Vatican City. The Euro is also used in many territories, departments, and sovereign states of Euro-zone countries, such as the Azores, Balearic Islands, the Canary Islands, Europa Island, French Guiana, Guadeloupe, Juan de Nova, the Madeira Islands, Martinique, Mayotte, Reunion, Saint-Martin, Saint Pierre and Miquelon, to name just a few. The Euro is used as a trading currency in Cuba, North Korea, and Syria and several currencies are pegged to it.

CurrencyPeg Rate
Bosnia and Herzegovina Convertible Mark1.95583
Bulgarian Lev1.95583
Cape Verdean Escudo110.265
Central African CFA Franc BEAC655.957
CFA Franc655.957
CFP Franc119.3317
Comoran Franc491.9678
Lithuanian Litas3.45280

Value of Obsolete National Currencies
Euro bank notes and coins began circulating in 2002 with old notes and coins gradually being withdrawn from circulation. The precise dates that each old currency ceased being legal tender and their official fixed rates are shown in the table below.

Legacy(Old) CurrencyConversion from EURObsolete
ATS Austria, Schilling1 EUR=13.7603 ATS28-Feb-2002
BEF Belgium, Franc1 EUR=40.3399 BEF28-Feb-2002
CYP Cyprus, Pound1 EUR=0.58527 CYP31-Jan-2008
DEM Germany, Deutsche Mark1 EUR=1.95583 DEM28-Feb-2002
EEK Estonia, Kroon1 EUR=15.6466 EEK15-Jan-2011
ESP Spain, Peseta1 EUR=166.386 ESP28-Feb-2002
FIM Finland, Markka1 EUR=5.94573 FIM31-Jan-2008
FRF France, Franc1 EUR=6.55957 FRF17-Feb-2002
GRD Greece, Drachma1 EUR=340.750 GRD28-Feb-2002
IEP Ireland, Pound1 EUR=0.78756 IEP9-Feb-2002
ITL Italy, Lira1 EUR=1936.27 ITL28-Feb-2002
LTL Lithuania, Litas1 EUR=3.45280 LTL15-Jan-2015
LUF Luxembourg, Franc1 EUR=40.3399 LUF28-Feb-2002
LVL Latvia, Lats1 EUR=0.70280 LVL15-Jan-2014
MTL Malta, Lira1 EUR=0.42930 MTL31-Jan-2008
NLG Netherlands, Guilder (Florin)1 EUR=2.20371 NLG28-Jan-2008
PTE Portugal, Escudo1 EUR=200.482 PTE28-Feb-2002
SIT Slovenia, Tolar1 EUR=239.640 SIT14-Jan-2007
SKK Slovakia, Koruna1 EUR=30.1260 SKK17-Jan-2009

The XE Currency Converter supports the above obsolete currencies; to make a conversion, type the name of the currency in the search box. Some old currencies are still physically convertible at special locations. For details, refer to the official ECB site listed in the Relevant Links section below.

Spelling and Capitalization
The official spelling of the EUR currency unit is "euro", with a lower case "e"; however, the common industry practice is to spell it "Euro", with a capital "E". Many languages have different official spellings for the Euro, which also may or may not coincide with general use. Additionally, there are various nicknames for the currency including, Ege (Finnish), Pavo (Spanish), and Euráče (Slovak).

Relevant Links
For more information on the EUR, we encourage you to visit the links below, particularly the European Central Bank. These sites include recent news on the Euro as well as issues like implementation, spelling, legislation, and more.