Countries that use the Euro
Zimbabwe Dollar

Countries using the Euro

The 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.

ISO 4127:

List of all currencies

1.00 Euro = 1.12 US Dollar
(date: 11/25/2021)

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Exchange rate history 1 EUR in USD

The 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 Euro

The 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 Union

The 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

NetherlandsWestern Europe
AndorraSouthern Europe
BelgiumWestern Europe
SpainSouthern Europe
IrelandNorthern Europe
ItalySouthern Europe
AustriaWestern Europe
GreeceSouthern Europe
CyprusWestern Asia
LatviaNorthern Europe
LithuaniaNorthern Europe
LuxembourgWestern Europe
MaltaSouthern Europe
MayotteEastern Africa
MonacoWestern Europe
PortugalSouthern Europe
FranceWestern Europe
French GuianaSouth America
ReunionEastern Africa
Saint Pierre and MiquelonNorth America
GermanyWestern Europe
San MarinoSouthern Europe
SlovakiaEastern Europe
SloveniaSouthern Europe
FinlandNorthern Europe
Vatican CitySouthern Europe
EstoniaNorthern Europe
French Southern and Antarctic LandsAntarctica
MontenegroSouthern Europe
Saint BarthelemyCaribbean
KosovoSouthern Europe
Åland IslandsNorthern Europe
Saint MartinCaribbean

Currencies with a fixed exchange rate to the Euro

Convertible Mark1 EUR = 1.9558 BAM
Bulgarian Lev1 EUR = 1.9558 BGN
Cape Verdean Escudo1 EUR = 110.2650 CVE
Danish Krone1 EUR = 7.4604 DKK
Comorian Franc1 EUR = 491.9678 KMF
Central African Franc1 EUR = 655.9570 XAF
West African Franc1 EUR = 655.9570 XOF
Pacific Franc1 EUR = 119.3317 XPF

US Dollar as currency

American SamoaPolynesia
British Virgin IslandsCaribbean
EcuadorSouth America
El SalvadorCentral America
East TimorSoutheast Asia
Marshall IslandsMicronesia
Federated States of MicronesiaMicronesia
Northern Mariana IslandsMicronesia
Puerto RicoCaribbean
Turks and Caicos IslandsCaribbean
United StatesNorth America
Virgin IslandsCaribbean
British Indian Ocean TerritoryEastern Africa
Bonaire, Saint Eustatius and SabaCaribbean

Currency reservesCurrency and gold reserves worldwideReserve assets and gold holdings in proportion to the money stock. An international comparison of currency hedging.
Comparison: average incomeAverage income around the worldA comparison of the average income p.c. over 67 countries worldwide
Comparison: Cost of livingCost of living in a global comparisonRanking of international living costs from 112 countries compared to the US