Countries using the EuroThe euro was introduced as book money in the European Union on January 1, 1999, and as an official cash currency on January 1, 2002. Currently, the Euro is the official currency in 35 countries. Due to its special significance in international trade, it is also one of the major reserve currencies. 1 Euro is divided into 100 cents.
List of all currencies
1.00 Euro = 1.12 US Dollar
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Exchange rate history 1 EUR in USDThe graph shown here shows the exchange rate development from Januar 2015 to November 2021. The exchange rate for 1 EUR developed during this time from USD 1.07 to USD 1.14. In these 83 months it rose by 6.7%.
30 years to the EuroThe history of the euro began in its initial planning as early as 1970, but was repeatedly rejected or postponed due to many economic difficulties. The first major step was taken in 1979 with a European Monetary System, which was intended to cushion currency fluctuations among countries. The predecessor of the Euro was the ECU, which was only available as book money. More than 10 years later, the EC states agreed on free movement of capital and it was not until 1994 that a common European Monetary Institute was founded, which was replaced by the European Central Bank (ECB) in 1999. This gave rise to the European Monetary Union.
The Euro outside the European UnionThe euro is an official currency not only within the EU. It is also used outside. Not surprisingly, the microstates of Andorra, Monaco, San Marino and the Vatican also use the euro. They are surrounded by other euro countries anyway and their size and dependence would cause unnecessary economic disadvantages. All 4 smallest states have even own Euro coins. Without their own euro coins, the European third countries Kosovo and Montenegro also use the Euro.
In Central Europe there are only a few exceptions with their own and independent currency. In Denmark, payment is made with the Danish Crown, but the Crown is linked to the Euro with a fixed exchange rate. 1 Euro corresponds to about 7.46 kroner. Switzerland, Poland and Great Britain go their own way.
But even far away from the European continent, the euro is considered an official currency. This is mainly thanks to the French, who have introduced it in their overseas territories. These include St. Pierre and Miquelon in the north of the Americas, the Caribbean countries of Guadeloupe, Martinique, Saint Bartholomew, Saint Martin and the islands of Mayotte and Réunion in the Indian Ocean. France is the only country that applies its own means of payment with this intensity to its overseas territories. In addition, several countries have a national "franc", which is linked to the euro at a fixed conversion rate.
Euro as currency
|French Guiana||South America|
|Saint Pierre and Miquelon||North America|
|San Marino||Southern Europe|
|Vatican City||Southern Europe|
|French Southern and Antarctic Lands||Antarctica|
|Åland Islands||Northern Europe|
Currencies with a fixed exchange rate to the Euro
|Convertible Mark||1 EUR = 1.9558 BAM|
|Bulgarian Lev||1 EUR = 1.9558 BGN|
|Cape Verdean Escudo||1 EUR = 110.2650 CVE|
|Danish Krone||1 EUR = 7.4604 DKK|
|Comorian Franc||1 EUR = 491.9678 KMF|
|Central African Franc||1 EUR = 655.9570 XAF|
|West African Franc||1 EUR = 655.9570 XOF|
|Pacific Franc||1 EUR = 119.3317 XPF|
US Dollar as currency
|British Virgin Islands||Caribbean|
|El Salvador||Central America|
|East Timor||Southeast Asia|
|Federated States of Micronesia||Micronesia|
|Northern Mariana Islands||Micronesia|
|Turks and Caicos Islands||Caribbean|
|United States||North America|
|British Indian Ocean Territory||Eastern Africa|
|Bonaire, Saint Eustatius and Saba||Caribbean|