The Euro Exchange Rates
The euro is the official currency of the European Union (EU) and is currently in use in 16 of the 27 Member States. The states, known collectively as the euro zone, they are Austria, Belgium, Cyprus, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Malta, Netherlands, Portugal, Slovakia, Slovenia and Spain.
The currency is also used in five other European countries, with or without formal agreements, and so is used daily by about 327 million Europeans. More than 175 million people worldwide use currencies which are pegged to the euro, including more than 150 million people in Africa.
The euro is the second largest reserve currency and the most traded currency in the world after the U.S. dollar. In October 2009, with over € 790 million in circulation, the euro is the highest combined value of bank notes and coins in circulation in the world, having surpassed the U.S. dollar. Based on IMF estimates of 2008 GDP and purchasing power parity between different currencies, the euro area is the second largest economy in the world.
As of today, March 19, 2010 the Euro to US dollar conversion is 1 USD EUR 0.73 EUR. The euro exchange rates are fluctuated everyday. If you travel to Europe, you have to check the Euro to US dollar conversion in order to obtain the highest value of your money.
