EUREuroEuro (EUR)
The euro is the shared official currency of the euro area and is also used by several associated territories. Euro banknotes are issued through the Eurosystem, which brings together the European Central Bank and participating national central banks. The ISO code EUR is used in payments, price lists and financial records, while the symbol is commonly written as EUR or EUR before an amount when clarity matters. One euro is divided into 100 cents.
- ISO code
- EUR
- Symbol
- EUR
- Region
- Europe
- Currency type
- Fiat currency
- Exchange system
- EUR has a floating exchange-rate arrangement rather than an official fixed parity against USD or another currency.
- Last reviewed
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EUR converter
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Quick facts
EUR at a glance
Currency profile
How EUR works
The euro is the shared official currency of the euro area and is also used by several associated territories. Euro banknotes are issued through the Eurosystem, which brings together the European Central Bank and participating national central banks. The ISO code EUR is used in payments, price lists and financial records, while the symbol is commonly written as EUR or EUR before an amount when clarity matters. One euro is divided into 100 cents.
A euro conversion page helps travelers, businesses and researchers compare a EUR amount with another currency using a dated reference rate. The euro area includes multiple countries, so the EU flag is used as the representative regional flag rather than assigning the currency to one member state. Retail exchange results may differ from the reference calculation because providers choose their own pricing and processing date.
- EUR is a regional rather than single-country currency and is divided into 100 cents.
- The euro began as an accounting and electronic currency before euro cash entered circulation.
Context
Why this currency matters
EUR is one of the most widely used currencies in international trade and reserves. Its exchange rates are followed closely because the euro connects a large group of European economies through one monetary system. Euro conversions are also routine in tourism, cross-border payroll, education and online commerce. A consistent EUR code and rate date make comparisons easier when prices come from different member countries or when records must be reviewed later.
Monetary framework
Exchange arrangement
EUR has a floating exchange-rate arrangement rather than an official fixed parity against USD or another currency.
CurrencyHub shows daily reference rates. Banks, card networks, ATMs and transfer providers may apply different exchange rates, fees or spreads.
History timeline
Key dates for EUR
European Central Bank established
The ECB was established before the launch of the single currency.
European Central Bank - the euroEuro launched
The euro became the currency for accounting and electronic payments on January 1, 1999.
European Central Bank - the euroEuro cash introduced
Euro banknotes and coins entered circulation and replaced participating national cash at fixed conversion rates.
European Central Bank - 2002 cash changeover
Usage and economy
How EUR is used
- Payments and accounts across the euro area.
- Cross-border trade, travel and reserve reporting.
Country currency guides
Banknotes and coins
EUR currency units
The European Central Bank documents the euro banknote series used across the euro area.
The European Central Bank documents the common and national sides of euro circulation coins.
One Euro unit is recorded with 2 decimal places and uses Cent as its minor unit.
Related currencies
Currency relationships
Explore currencies connected through regional use, trade comparisons or monetary relationships.
Currency topics
FAQ
EUR questions
When did the euro begin?
The euro launched on January 1, 1999, first for accounting and electronic payments; euro cash followed on January 1, 2002.
Why does CurrencyHub use the EU flag for EUR?
The euro is a shared regional currency, so the EU flag avoids assigning it to a single euro-area country.
Who issues euro banknotes?
Euro banknotes are issued through the Eurosystem, which includes the ECB and euro-area national central banks.
Sources
Data and editorial review
Rate source: Frankfurter
Last reviewed:
Currency identity and cash information is checked against central-bank, government, ISO and official international sources.