Real-Time Quotes and Charts of Euro Currency Exchange Rate Crosses

Real-Time Quotes and Charts of Euro Currency Exchange Rate Crosses

Interested in how Euro moves against most popular foreign currencies? Check Real-Time quotes and charts of the most popular Euro currency exchange rates.

The Euro is the second most important World currency in the World behind U.S. Dollar. It is the official currency of Eurozone used by 17 EU members. According to the most recent numbers there was over 900 billion Euros in circulation in March 2013 (surpassing USD).

Following you can pick one of the most popular Euro currency exchange rates to get the current quote and real-time daily chart of selected FX pair:






Quotes and charts may be delayed and are provided solely for informational and not for trading purposes or advice.

About the Euro Currency Exchange Rate

Euro Currency Exchange RateEuro currency exchange rate is determined by interest rates in Eurozone, which is targeted by the European Central Bank (ECB). In this case we are speaking of ECB indirectly influencing Euro FX rates rather than direct intervention, implying that central bank is not able to directly control the interest rates and exchange rates simultaneously, without capital controls. Due to the fact that EU has a liberal capital markets regime and ECB chosen to influence interest rates (monetary economy), it leaves it with a flexible (floating) exchange rate regime.

Since Euro was introduced as one of the major reserve currencies in the world (next to USD, JPY, GBD and CHF), it reached lowest exchange rates against other major currencies right at the beginning, in year 2000. Afterwards, Euro was gaining its value due to restricting money supply policy and reached some of the historical highest values in 2008. With the beginning of the global financial crisis Euro dropped its value significantly, but has recovered later and remained stable since.

While some economists don’t see a bright future for Euro because of the European sovereign-debt crisis, others still believe in advantages and positive effects of Euro introduction, like for example influence of Euro on tourism sector, which has led to 6.5% increase in travel. Naturally, the biggest advantage of having the same currency in Eurozone is to significantly reduce the risk of currency exchange rates in cross-border trading for nonfinancial companies inside and outside EU.

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