Euro (EUR) Exchange Rates

ISO 4217 Code

EUR

Central Bank

European Central Bank

Website

www.ecb.europa.eu

Official users

Austria
Belgium
Cyprus
Estonia
Finland
France
Germany
Greece
Ireland
Italy
Luxembourg
Malta
Netherlands
Portugal
Slovakia
Slovenia
Spain

Sub-unit

1/100 Cents

Plural

Euros
Cents

Coins in use

1c, 2c, 5c, 10c, 20c, 50c, €1, €2

Banknotes in use

€5, €10, €20, €50, €100, €200, €500

Mint

Multiple

The Euro is the currency used by the 17 nations that make up the Eurozone and is also known as the ‘Single Currency’ or ‘Common Currency’ and is used regularly by 334 million Europeans. It is the world’s second largest reserve currency behind the US Dollar.

The ‘Single Currency’ is managed by the Frankfurt based European Central Bank which has sole authority on setting monetary policy. The ECB heads the ‘Euro system’ which includes the former central banks of the 17 members, these banks are used to print mint and distribute the Eurozone’s coins and notes.

The Euro is divided into 100 cents which are often referred to as Euro cents in a bid to distinguish them from other currencies using the same denomination.