We compared the 4 largest currencies with the Euro
Against whom has the euro gained value and lost against value.
What currency did we rate
– Euro / US-Dollar
– Euro / Britische Pound
– Euro / Japanese Yen
– Euro / Chinese Renminbi
What is EURO?
It is issued by the European Central Bank and acts as the common official currency in 19 EU member states, which together form the euro zone, as well as in six other European countries. After the US dollar, the euro is the most important reserve currency in the world.
The euro was introduced as book money on January 1, 1999 and three years later as cash on January 1, 2002. In doing so, he replaced the national currencies as a means of payment. The euro coins are minted by the national central banks of the 19 countries of the Eurosystem and currently four other countries, each with a country-specific reverse side.
Which countries are in the Euro Zone
Trade Team Forecast
As you can see in the graph, the euro has only lost value against the Chinese renminbi since 2000 and 2005 respectively. We think the euro will remain strong in the future. The euro also remained strong against the Swiss franc.