14.05.2021 10:13

The graph of changes in the Euro exchange rate

 

The euro currency and its exchange rate

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The euro is an international currency that is supported in 19 countries of the European Union. All banknotes depict a map of Europe, but the appearance of the reverse side depends on which country the banknote is issued in.

The banknotes, regardless of where they were minted, can be used freely in all EU countries. Euro bills are issued in denominations of 5, 10, 20, 50, 100, 200 and 500 euros. Note that not every EU country has the right to issue €200 and €500 bills.

Buying, selling and exchanging of Euros (EUR)

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The demand for the purchase, sale and exchange of euro is quite high. The following currency pairs are especially popular in Ukraine: Dollar Euro (USD/EUR), Hryvnia Euro (UAH/EUR).

Euro exchange rate

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The extent to which the euro will be stable is determined by the state of the economy of each European country. So, when calculating the value of the Euro it is necessary to take into account all the events happening in the Euro states.

When calculating the value of the Euro it is necessary to take into account all the events happening in the Euro states.

Of course, the greatest influence on what the euro price will be, has several factors:

1. Inflation rate in the European Union.
2. The employment and unemployment figures.
3. The state of the economy in the European countries.
4. Bank stability.
5. Trade Balance Indicators.

Before you buy currency, it is recommended to look at the Central Bank exchange rate, or use an online Euro converter, which will help you calculate the amount you will get after the exchange. This way, before buying Euros, you can determine if you are dealing with a crook or an official exchange bureau. .