 |
Definition of 'EUR'
The currency code used in the general industry to represent the euro, the official currency for more than half of the 27 members of the European Union (EU). The Eurozone states are Austria, Belgium, Cyprus, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia and Spain. As of March 2009, five other non-Eurozone members were also using the currency.
The name "euro" was selected in 1995; the currency replaced the former European Currency Unit (ECU). It was introduced on January 1, 1999, and began circulating in 2002. The most commonly used euro coins are 1, 2, 5, 10, 20, 50 cents and the most frequently used euro banknotes denominations are 5, 10, 20, 50 and 100.
|
 |
Investopedia explains 'EUR'
The euro is overseen by the European Central Bank (ECB), headquartered in Frankfurt, Germany, and the Eurozone member countries' central banks. Several countries also peg their currency to the euro, including Bosnia and Herzegovina, Bulgaria, Cape Verde, Central Africa and several others.
|
-
In this online tutorial, beginners and experts alike can learn the ins and outs of the retail forex market.
Read More »
-
Learn a strategy with clear entry and exit levels that will get you into a trend at the right time.
Read More »
-
Learn about the most traded currencies and the strategies used to trade them.
Read More »
-
-
They print money, they control inflation, and much, much more. All you need to know about central banks is here.
Read More »
-
Moving from equities to currencies requires you to adjust how you interpret quotes, margin, spreads and rollovers.
Read More »
-
Read More »
-
Read More »
|
|
