The euro is the currency of the European Union (EU). The EU is a union of separate nations joined under one governing structure. The euro is now the single currency replacing individual monies for 19 of 28 nations who joined the EU, or the Eurozone. It is a fiat currency.
Learn more about the euro
Currency name
Euro
Currency symbol
€
EUR exchange rates
| USDUSD | GBPGBP | CHFCHF | CADCAD | INRINR | AUDAUD | JPYJPY | PLNPLN | |
|---|---|---|---|---|---|---|---|---|
| From EUR | 1.06930 | 0.84567 | 0.95619 | 1.46414 | 89.35800 | 1.61015 | 170.85000 | 4.32540 |
| To EUR | 0.93520 | 1.18250 | 1.04582 | 0.68300 | 0.01119 | 0.62106 | 0.00585 | 0.23119 |
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Facts about the Euro
Euro nicknames
The euro has different nicknames in different countries. For example in Finland you might hear the nickname ‘Ege.’ In Spain people use ‘Pavo’, and you may hear Irish English speakers refer to the euro as the ‘Yoyo’.
Euro coins and banknotes
Euro coins are available in denominations of 1, 2, 5, 10, 20, and 50 cents, as well as €1 and €2. Coins have a standard image on one side, and on the other have a design related to the country of issue. Currently euro coins and notes are accepted anywhere in the Eurozone, regardless of the country of issue.
5, 10, 20 and 50 euro notes are in general circulation. Although €100, €200 and €500 notes are also available, they aren’t commonly accepted retailers. The €500 note is currently being phased out of circulation.
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Euro FAQs
The euro was launched on 1st January 1999. For the first three years the euro was used only for accounting and electronic payments. The general public didn’t start using the euro until 1st January 2002 when euro coins and banknotes were introduced into 12 EU countries.
The euro is used in 19 of the EU’s 27 member countries - Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, and Spain.
Different currency exchange services have different fees and exchange rates. Check out our EUR exchange rate comparison to find the best rate today.
The value of the euro moves all the time depending on market demand. In 2008, the EUR reached its highest point against three major world currencies - 15th July vs USD, 23rd July vs JPY and 29th December vs GBP.
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