EUR - Euro

Get a complete Euro overview with further information like the Euro symbol, ticker, exchange rates and more.
Get started
⏳ Register for free (€0.00) within minutes
Facts about the Euro

Importance of the Euro

Euro (EUR) is the native currency of 19 European Union countries and is used by more than 340 million EU citizens. Thus, EUR is the second most widely used currency in the world. Euro is very important for the EU countries since it provides security from foreign exchange shock, making the global economy less vulnerable and ensuring lower transaction, financial, and foreign exchange costs for international businesses. Moreover, as a global currency, it aims to engage in sectors such as energy, raw material trading, and aircraft manufacturing where most of the transactions are done using USD. Last but not least, the EUR has been linked with more than 60 countries and territories outside the EU.

Introduction of the Euro

The Euro as a native currency was first introduced in 1991 in the Maastricht Treaty as the common unit of exchange of the 12 original member countries of the European Community. The new currency was issued officially on the 1st of January 1999. Initially, the use of EUR was in certain businesses and financial markets and after 2002 the currency started to be used by most of the member states. The EUR is managed by the European Central Bank which is located in Frankfurt, Germany. Euro is not used by all of the European member states but only by 19 of the 27 which are called the “eurozone”.

What does EUR mean in currency?

The EUR is the abbreviation for the Euro which is the native currency of the European Member states that take part in the “eurozone”. It is considered to be the second most traded currency around the globe.

What is the symbol of the Euro?
What Makes the Euro Important?
What countries use Euro?
Is EUR a good investment?
Euro Stats
Minor unit
1/100 = cent
Minor unit symbol
Bank notes

Freq Used: 5 euros, 10 euros, 20 euros, 50 euros, 100 euros Rarely Used: 200 euros, 500 euros

Forex Investing
Get started with NAGA
Discover FX
Trending FX
Discover most popular FX available on NAGA
Get started
⏳ Digital account opening within minutes
Euro Exchanges Rates

Copyright © 2023 – All rights reserved.

NAGA is a trademark of The NAGA Group AG, a German based FinTech company publicly listed on the Frankfurt Stock Exchange | WKN: A161NR | ISIN: DE000A161NR7.

Any trademarks appearing on this website are the property of their respective owners.

The NAGA Group AG is the holding company of various companies, such as NAGA GLOBAL LLC, NAGA MARKETS EUROPE LTD, NAGA Technology GmbH, NAGA Pay GmbH and has a close link with NAGAX Europe OÜ.

  • NAGA Global (SV) LLC, with a registered address at Euro House, Richmond Hill Road, Kingstown, St. Vincent and the Grenadines, P.O. Box 2897.
  • NAGA Global (CY) Ltd, with registered address at Eurosure Tower, 3rdFloor, 2112 Nicosia, Cyprus.
  • NAGA Markets Europe Ltd, authorised and regulated by the Cyprus Securities and Exchange Commission (Licence No. 204/13), with registered address at Ariadnis 7, Moutagiaka, 4531 Limassol, Cyprus.
  • NAGA Capital Ltd, authorised and regulated by the Financial Services Authority Seychelles (License No. SD 026), with a registered address at CT House, Office 9A, 2nd Floor, Providence, Mahe, Seychelles.
  • NAGA Technology GmbH with registered address at Neustadter Neuer, Weg 22, 20459 Hamburg.

RISK WARNING: Derivatives are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading derivatives with this provider. You should consider whether you understand how derivatives work and whether you can afford to take the high risk of losing your money.

Trading with NAGA Trader by following and/or copying or replicating the trades of other traders involves high levels of risks, even when following and/or copying or replicating the top-performing traders. Such risks include the risk that you may be following/copying the trading decisions of possibly inexperienced/unprofessional traders, or traders whose ultimate purpose or intention, or financial status may differ from yours. Before making an investment decision, you should rely on your own assessment of the person making the trading decisions and the terms of all the legal documentation.

Restricted countries: NAGA Group AG does not provide services for the residents of certain countries, such as Afghanistan, Albania, American Samoa, Anguilla, Australia, Barbados, Belgium, Bermuda, British Antarctic Territory, British Indian Ocean Territory, British Virgin Islands, Burkina Faso, Cambodia, Canada (including Quebec), Cayman Islands, Central African Republic, Congo, Democratic People's Republic of Korea, Democratic Republic of the Congo, Falkland Islands, Gibraltar, Guam, Haiti, Iran, Iraq, Isle of Man, Israel, Japan, Jamaica, Jordan, Libyan Arab Jamahiriya, Mali, Monaco, Montserrat, Morocco, Mozambique, Myanmar, Nicaragua, Philippines, Pitcairn Island, Puerto Rico, Russian Federation, San Marino, Senegal, Serbia, Somalia, South Georgia and the South Islands, South Sudan, Sri Lanka, St. Helena, St. Helena dependencies (Ascension Island, Tristan da Cunha), Syrian Arab Republic, Tanzania, Trinidad and Tobago, Tunisia, Turkey, Turks and Caicos Islands, Uganda, Ukraine, United Kingdom, US Minor Islands, US Virgin Islands, USA, Vanuatu, Yemen, Zimbabwe.

Member of NAGA Group AG that is publicly listed in Frankfurt Stock Exchange.
close icon